Latest news of the domain name industry

Recent Posts

Domainers immune from the lockdown bump?

Kevin Murphy, July 30, 2020, Domain Sales

While the can be little doubt that the domain industry saw a boost in the second quarter due to the impact of coronavirus lockdown mandates, the same may not be true for those playing in the secondary market.

Data out from Escrow.com last night shows the weakest quarter for secondary market sales since the company started publishing its data two years ago, with average prices and overall sales volume down.

The company, which acts as a trusted intermediary for domain transfers, said it processed $55.2 million of sales in Q2, down from $85.8 million in the first quarter.

All of the primary geographical markets saw a decline apart from Hong Kong, with the US suffering the worst dip.

The US obviously has taken the biggest dose of the virus and has little in the way of a social safety net, so it’s perhaps not surprising that buyers are being more cautious with their cash.

The declines fly in the face of data and commentary from the primary market, where registries and registrars have generally been seeing unexpected boosts to sales as lockdown-impacted small businesses rush online.t

It’s tempting to speculate that while the virus has created more customers for domain names, fears over the incoming recessions have made buyers less likely to want to splash out on a premium domain.

Escrow.com said that the median price of a domain name without associated content dropped from $3,000 to $2,500 in the quarter.

Right Of The Dot to offer new gTLD contention auctions with Escrow.com

Kevin Murphy, November 2, 2012, Domain Services

New gTLD consultancy Right Of The Dot has partnered with Escrow.com on a new auction offering designed for new gTLD applicants in contention sets.

The deal, which ROTD said is exclusive, will enable the company to offer trustworthy escrow of funds as part of its auction service.

ROTD is planning three standard types of auction design — sealed-bid, ascending bid and live oral — for when mediation between gTLD applicants fails or is not wanted.

Its fees start at 4% of the winning bid, with the remainder being distributed to losing bidders.

Private auctions are expected in many cases to be the contention resolution method of choice for new gTLD applicants, because the losing bidders get paid when they drop out.

The alternative method laid out in the ICANN Applicant Guidebook would see funds flow instead to ICANN.

ROTD is the consultancy formed last year by well-known domain investors Monte Cahn (formerly of Moniker) and Michael Berkens (author of TheDomains.com).