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.CO landrush auctions could top $10 million

Kevin Murphy, September 2, 2010, Domain Sales

The ongoing .co landrush auctions could finish up raising more than $10 million for .CO Internet, according to some quick back-of-the-envelope calculations.
My spreadsheet of reported landrush auction sales currently has 194 rows, based on registry reports and the odd unreported sale that Mike Berkens has been able to dig up.
These sales total $869,599, for an average of $4,482 per domain. Multiply that average by 2,523, which is the number of domains that were originally headed to auction, and you get to $11.3 million.
That may well be an unreliable estimate, of course, for any number of reasons.
For instance, .CO Internet is not reporting sales of porn-themed domains, or domains that may have UDRP issues. These domains could possibly have lower average sales prices.
The registry may also not be reporting other results, such as auctions that wound up with only one bidder for whatever reason, which could also drag down the average.
However, it seems that so far UDRP-risky domains or typos of popular generic domains (such as some of the typos of numerical .coms popular in Asia) have been among the big hitters.
AutoGlass.co, for example, appears to have slipped under the registry’s radar, and has been reported sold for $53,000. AutoGlass is a well-known brand here in the UK. I’ll be interested in seeing who bought it.
If these big prices hold true for other unreported sales of domains with possible trademark issues it could actually raise the average sales price.
Either way, it’s clearly been a successful auction so far.

.CO landrush auctions raise over $50k so far

Kevin Murphy, August 22, 2010, Domain Sales

The ongoing .co landrush auctions have fetched well over $50,000 in sales so far, according to stats released by the registry, .CO Internet, today.
Perhaps unsurprisingly, the biggest price tag among the 24 closed auctions is attached to a typo – 163.co went for $5,778. The .com equivalent is a Chinese portal with hundreds of millions of visitors.
The registry has not released any figures for adult-oriented domains, or any domains that look like they might have UDRP issues (why are these being sold?), so the list is far from complete.

163.co – $5,778
cityjobs.co – $4,600
dedicated.co – $3,600
airporttransfers.co – $3,200
christchurch.co – $3,100
boaterexam.co – $2,550
economist.co – $2,550
center.co – $2,150
globo.co – $2,050
exchangerates.co – $2,050
bonus.co – $2,000
customer.co – $1,550
abel.co – $1,470
communicate.co – $1,350
addiction.co – $1,300
elevator.co – $1,251
acid.co – $1,250
herbal.co – $1,201
duo.co – $1,161
cycles.co – $1,150
desi.co – $1,060
developers.co – $1,001
baker.co – $1,000
ace.co – $1,000

I’m told that the many of the “hotter” auctions are still open. Rules state that any new bid extends the auction by 24 hours. This could go on for a while yet.

VeriSign plans single-letter .com auctions

Kevin Murphy, August 17, 2010, Domain Registries

VeriSign has confirmed that it wants to auction off single-character .com domain names, following a test with the equivalent .net domains.
The company recently asked ICANN for permission to sell one and two-letter .net domains. As Andrew Allemann noted at the time, that was a pretty strong indicator it would want to do the same with .com.
Now the company has admitted as much, and is looking for an online auction provider to handle the sales. It published a Request For Proposals today. The RFP says:

VeriSign intends to submit a proposal to ICANN through the RSEP [Registry Services Evaluation Process] and anticipates allocating .com single and two character domain name registrations through an auction as well

One and two-letter domains are currently restricted, due to the potential confusion with country-code TLDs. ICANN has been gradually lifting that restriction in some of the less-popular TLDs.
If VeriSign is also given permission, which seems likely, the auctions would certainly be lucrative.
If o.co can fetch $350,000, how much would Overstock, which has been screaming out for o.com for years, stump up for the .com equivalent? I also recall, years ago, Yahoo saying it wanted y.com.
But VeriSign might not be the main beneficiary of the proceeds. In its .net application, it says that it would use any money raised with the .com auctions for the common good.

VeriSign is not hereby proposing a release of .com single and/or two character domain names. VeriSign anticipates that any such proposal will be structured differently than the proposal for .net and will include use of proceeds from any auction for the benefit of the general Internet community.

That’s open to interpretation, of course. Investing a few million dollars in upgrading its infrastructure could be said to benefit the general internet community.

.CO landrush auctions kick off today

Kevin Murphy, August 10, 2010, Domain Registries

.CO Internet has today started auctioning off domain names that had multiple applicants during the .co landrush earlier this summer.
According to the company, over 2,500 names will be auctioned over the next four weeks. The top three most-contested names were Slots.co, Insure.co and Denver.co.

Other notable .CO domain names up for auction include Mexi.co, America.co, Betting.co, Vitamins.co, UsedCars.co, Happy.co, Ebook.co and Jackpot.co.

Registrants who applied for one of the contested domains need to sign up at www.COauctions.co.
There have been almost 410,000 .co registrations since the Colombian country-code domain was opened up to international registrants last month.
So far, the biggest seller has been o.co, sold to Overstock for $350,000.
Given that slots.com sold for $5.5 million, it seems likely that slots.co could fetch something in five figures or beyond.