Domain Magnate

Namejet had some good time lately auctioning off top generic names for high amounts.

One of these was GoPlay.com, which ended today at $17,300 - decent price for any “obscure” 2 word domain, however it was in fact auctioned a month ago on July, 21 - then the auctioned fetched $26,300.

Probably the winner didn’t pay so it was rerun. As usually second auctions end up lower than previously, however an over 1/3 decrease is quite significant. According to other reports

Auction over at $17,300. Winner this time round only bid $69 in first auction while underbidder in 1st auction ($26,200) only bid to $17,200 today.

GoPlay.com is an excellent domain for any gambling, or gaming site. It’s also a popular brand and many other sites in different extensions use it, hopefully we’ll see this one developed into a top gambling portal.

The domaining industry becomes stronger and more venture capital companies are entering the field, investing milions of dollars into domains. Another confirmation to it is a recent article in CNN Money:

Domain Name Game Still Going Strong; Tad Less Secretive

People scoffed when investment firm eCompanies paid $7.5 million for the Web address business.com in 1999 from a person who had paid $150,000 for it.

The purchase, though, shined a light on a secretive world where people actively and aggressively buy and sell Web domain names.

Thousands of Web addresses were bought in the early days of the dot-com boom on a hunch by people who expected Internet real estate would appreciate in value. read more »