Quote:
Originally Posted by BrettJ
ah. there were 5 of us in the room listening to it online and it didn't make sense to us... I also wondered why one of the other bidders didn't walk up to the guy and make a person to person deal on the spot... i'll front the extra million .. and take a 1/7.5 interest in the company.
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I also had a hard time understanding the strategies of the buyers. I understand that everyone wants to get the best deal possible but for instance goods.com had a $150k reserve. Someone bid $125k and the domain didnt sell, then 5 domains later the auctionere anounced the owner of goods.com dropped the reserve to $125k. The domain went back on the auction block and didnt receive any bids.
As for porn.com, that one didnt make any sense either. They announced that the buyer would only have to pay $1.5 mil upfront or something like that and you'd get the domain for 8 months before you would have to settle up the difference. I mean if you can bid $7 mil u can bid $7.5. Why not make the bid and pay the minimum upfront? They said the domain receives 50k type ins a day which translates to 26k clicks and makes $4k a day. So in the 8 months you'd have to settle up you'd already make over $900k. If you kept using it for ppc you'd make your money back in just over 5 years. And Im sure if you knew what you were doing that domain could make quite a bit more.
I think another guy nailed it when he said there were a lot of fluff bids.