As I shared a few weeks ago, Right of the Dot (ROTD) is hosting a live domain name auction with famous auctioneer Wayne Wheat at the helm. The live portion of the auction will take place on February 25, 2021 at 12:00 p.m. CST. The auctions will be hosted on the HiBid auction platform.
According to a LinkedIn post from ROTD founder Monte Cahn, the auction domain names are now listed on the HiBid platform and the auction has opened:
Some exceptional domain names are offered for auction. For example, a handful of domain names that stand out to me include:
One thing I noticed is that the reserve prices are not listed. You can tell if a domain name has a reserve price, but the reserve ranges are not listed. I asked Monte about it, and he told me he wasn’t sure the reserves would be posted. As a potential bidder, I hope that reserves will be added as I don’t want to waste my time waiting for an auction, bidding what I believe to be a reasonable amount, only to find out that I was not even close. from the reserve (assuming Monte calls after the auction to try and close a deal).
Notably, auctions will have a buyer’s premium of 1.5% on all sales. While a buyer’s premium is very common for other types of auctions, I don’t recall seeing one on a domain name auction for several years. I think it’s a good idea that this has been kept to a minimum number so that there aren’t any surprises at the close.
If you are interested in bidding on one of these auctions and have not participated in an auction on the HiBid platform, you should take the time to register and understand how the platform works.