GoldAuction.Com On Bido. What Would It Go For?
I read earlier today on NamePros.com a number of valuations for GOLDAUCTION.COM , anything from US $400 to US $4,500.
I also read earlier today on DomainState a comment which got my attention about RYY.COM, yesterday’s auction. The comment was put by Domainstate’s member Snoopy:
"Would say it was about 10-15% under market value. Considering the liquidity of these names it is a very poor result." (comment in regard to RYY.COM sale price of US $7,124.00)
Obviously the domain was sold for the EXACT market value for the time of listing as the domain started with US 1$ and no reserve. So why did it perform less than expectations? It is because market value changes constantly. Markets are dynamic, not static.Understanding that markets constantly are changing, what would the market value for GoldAuction.Com be today? And will the price be in relation to the gold market? If the gold market is any sort of indication it should sell for a high price however, Bido is quite new and does not yet have the exposure it will have at a later point. Prices therefore may be in accordance with the domain industry (Domainers), not to the gold industry.
With that said, I think it will be interesting to watch. Someone will probably get a steal!
Edit: Closing price US $1,284.00
Source: Posted on TheConceptualist by Sahar Sarid -- Reprinted with permission -- June 25, 2008