Happens Every Day: Guy Buys Two Domains From Me on Sedo for $1400 and Lets Them Expire

May 11 2012

Things like this don’t surprise me any more but I still have to shake my head. I was doing my daily run through of the expiring auctions at Godaddy and noticed two domains that looked familiar. Wuby and Vuby.com. They were two names that I sold at auction to the same person on Sedo in 2010.

 

Evidently he lost track of his purchases and forgot to renew them at which Godaddy takes over and puts them up for auction. I actually could care less that they expired except for one thing. Vuby.com sold for more than twice what I sold it for.

 

 

Nobody likes to see names they sold sell for more.  Wuby.com is up next and I expect it to sell for more than I paid as well.  There are a couple lessons I take for them.  One, keep your pronounceable LLLL.coms and don’t sell for less than $2K.  Two, don’t let your damn domains expire.

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Outsmarting the Dumb, Outworking the Smart

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9 comments

  1. John

    You may have not gotten those numbers 2 years ago when you did the deals. You made money on those trades. No need to kick yourself. You can’t sell the top tick every time or even most of the time. But, it is interesting to see how when names go to expired auctions at GoDaddy all the domainers come out like Piranhas trying to outdo each other …

  2. Ron

    Economy was bad at the time you sold those, stock market aftermath was in full effect.

  3. L

    The domain aftermarket 2 years ago represented the best time to be buying in the domain aftermarket since 2002.

  4. George

    I actually could care less that they expired…

    Actually, you couldn’t care less. If you could care less about something, then all you’re telling us is that you do care at least a little bit. Because you could care less. If you want to express that ‘it would be impossible for me to care less than I do because I do not care at all’ you simply couldn’t care less.

    I guess it’s a bit of a pet peeve of mine…apologies

  5. L

    “I guess it’s a bit of a pet peeve of mine…apologies”

    Ironically enough, something cannot be a ‘bit of a pet peeve’, as not all peeves are “pet peeves” in spite of the fact that most people incorrectly (and ignorantly) qualify any expressed peeve as being a ‘pet peeve’.

    Something can be a ‘bit of a peeve’, however qualifying it as a ‘pet peeve’ negates the partiality implied by the adverb ‘a bit’, thus making it oxymoronic.

    Remember, any time you’re walking tall; there’s always someone bigger and badder out there in the world who’s willing to step up and put you in your place.

  6. ImageAuthors

    I’m not very consistent about doing this myself, but I think it would be good for the domaining industry if we stress to buyers that they can lose their domain names if the annual registration fee isn’t paid. I know many people will say “The Stupid Shall Be Punished” and “Their Loss” and “Buyer Beweare”. But the average person in the world doesn’t know much about domains, and they could be surprised that something they “bought” can just expire and be confiscated. That doesn’t happen with a car or a TV or most things they’d purchase.

    Of course, the buyer has no RIGHT to blame the seller for his own forgetfulness or ignorance. But, all the same, domainers suffer from a perception that we’re “cybersquatters” and “predators”. And if someone loses a domain they paid solid money for in a way that, to them, could seem arbitrary and shady, then the buyer will have a bad taste in his mouth when it comes to buying domains. And that doesn’t help us out.

    Like I said, I usually don’t mention renewal fees to buyers. But I think doing so would be good customer service.

  7. Garry Epperson

    Maybe the guy died or had a tragedy in his life and he didn’t give a shit anymore.

    And also @ ImageAuthors:

    That’s a great idea. Maybe you should write down every expiration date for every domain you ever sell and then email the owner several times before the date comes up. I’m sure your email will push them over the edge to renew in addition to the 5,000 other emails they get from GoDaddy before and after they expire.

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