I was just checking the recent sales of cvcv.com at tdvr.com and noticed a strange thing.
|rihu.com||$1,566.00||Apr/16/08 04:00 PM EST||Sedo|
|fehu.com||$3,000.00||Apr/14/08 10:53 PM CEST||Sedo|
Both sold on sedo, same week, almost same letters and similar quality, yet such a big difference in price, why?
“Fehu” has 162K results in google and there is a developed site over at fehu.org, with alexa below 1 million, so it has some traffic. It also seems to have some mystical meaning, but that can hardly contribute much to a reseller price.
“Rihu” has 36k results in google, but there are some people with that as last name
and rihu.net is a developed site, but with alexa 25 million it hardly gets any traffic. Rihu is also a name of a farm in Finland and just has better sounding and letter quality. Being a relatively popular last name is also a big plus.
Both were sold during mid week – weekend auctions on sedo tend to get less bidders, so lower prices possible. Both are registered since 2002.
So what’s the difference then?
Lets look at the bidding history:
Fehu.com auction shows 10 bidders many bid time extensions and clearly there was a bidding war, 6 bidders were there in the last hour of the auction!
Rihu.com had 7 bidders and only two made it to the end.
So seems like it was just, well.. luck? Naturally low reserves and good domains attract many serious bidders and bid wars do happen on sedo, but not so often it seems. Another similar domain with better letter quality gahe.com ended at just $1,112.00 with 4 bidders total and only 2 who were there near the end.
The moral of the story? There is none.. if you risk sometimes you win, sometimes you lose. That’s why I’m always pondering on whether to set a lower reserve or a high one.