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SexEducation at NamesCon under $120k - good deal?

Discussion in 'Domain Names & Parking' started by Diamond Damien, Jan 13, 2015.

  1. Diamond Damien

    Diamond Damien Owner BlackHatWorld Staff Member Jr. VIP

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    It's Vegas and you expect to hear all sorts of stuff at the events you attend here. We even had top SEO and "head of revenue generation" for Copy Press Joe Sinkwitz do a full hour presentation dressed as a penguin at UnGagged Las Vegas - but Sex Ed at a domainers conference! Whatever next!

    I'm at NamesCon checking out the industry perspective on the new raft of gTLD's (more on that in a later article). Today there is a live auction with some interesting domains at no reserve. But listing a domain that YOU PAID $120k in 2006 WITH NO RESERVE- the guys got to be mad!

    Maybe - but maybe not - if he'd listed SexEducation.com with a circa $75k reserve, as you'd expect in such an ever green niche, then I (and many others) wouldn't be writing about it.

    When that guys is Michael Berkens who has just sold 345.com for a reported $800k - you start to see the light. Taking a loss on a domain he's owned (and never developed out) for almost 9 years would help with that large tax bill. But even so why Michael why?

    BlackHatWorld - show your domain name knowledge - the listing is currently at $7,750 with 5 bids where do you think this auction will end and why?

    I've no connection with this auction but I'll be in the room I'll update and close this thread with the winning bid later.

    UPDATE - SexEducation.com sells for $23,000
     
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  2. netmoney1

    netmoney1 Executive VIP

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    $55,500. Stamp it.
     
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  3. Trepanated

    Trepanated Supreme Member

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    There's no telling with auctions - it all depends who is in the room and how much competition there is.

    I think he'll take a hit on it.

    My guess is less than half what he paid.
     
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  4. t0mmy

    t0mmy Jr. Executive VIP Jr. VIP

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    As above a lot will depend on who is there, nice opportunity for someone to scoop it up cheap then sell it on later to another that they know would pay a lot more for it.

    No doubt he's going to take a hit. My guess is it'll go for around $37k
     
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  5. Duffers5000

    Duffers5000 Elite Member

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    $22,485.

    Its still a porno domain no matter what way you dress it us. If it hasnt been making money since 1998 whens it going to start ?
     
  6. pawly

    pawly Registered Member

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    What's it earning parked? You'd have to value it on that basis.

    It's not developed on any tld and if you were to develop it, the .com is a porn name (like duff says above) or for a legitimate use the .org would suit better.
     
  7. dejanlesi

    dejanlesi Jr. VIP Jr. VIP

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    It will be below 60k in my opinion but since he can put the loss into his taxes it will slightly cover the huge amount he earned from the 345 sale.

    In my opinion it is a publicity stunt and it is working nicely because there is much buzz surrounding that auction. Smart move Michael!
     
  8. Trepanated

    Trepanated Supreme Member

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    Damn - I was watching that auction and had a phone call 7 minutes before it ended, so didn't see the result.

    What did it go for DD?

    It hadn't even hit $20K when I last looked.
     
  9. Duffers5000

    Duffers5000 Elite Member

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    Final bid was $19,999 but didnt say sold so presume it went to a live bidding in the hall ?
     
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  10. Diamond Damien

    Diamond Damien Owner BlackHatWorld Staff Member Jr. VIP

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    That's just what they call pre-bidding (just to confuse us). The live auction continues later today.
     
  11. shezboy

    shezboy Jr. VIP Jr. VIP Premium Member

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    My view is that he's played this really well and can't lose (to a point).

    Listing a domain such as this with no reserve is going to get attention to that listing and that attention is going to be in the form of others talking about it in online forums and blogs etc as well as FB groups. So Michael is gonna get attention and that could bring in the buyers who want this and will pay what they can afford rather than what it is worth.

    As with a lot of things, it's worth what someone is willing to pay for it and that comes down to ego, how deep your pockets are and how much you want the item.

    If all of that falls flat on its face then he'll be able to use the loss for tax purposes BUT he'll still walk away from it being known by more people and publicity. Until this thread was started I hadn't ever heard of the guy so that validates my last point there.

    Anyway, I'm off to place a bid and start a bidding war :) If it doesn't attract the deep pocket buyers I think I should snag this for around $67k.

    Shez
     
  12. CoyoteAssassin

    CoyoteAssassin Elite Member

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    Maybe I missed it, but what is the domain name?

    Who can verify that he paid $120k?

    It's amazing that people attend a domain name conference just to buy names. One would think doing that from home so that you can better research would be ideal. Nothing else, great business expense to deduct.
     
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  13. netmoney1

    netmoney1 Executive VIP

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    Domain just sold for $23K

    Was watching it live...pretty weak sales so far...
     
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  14. Gerer

    Gerer Newbie

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    To late to guess, but with this PR it should have gone for double the 23k, 10k into development, resold for 60k. On the other side, hard to monetize this kind of things, as it's between porn and "youngsters", even if it's a serious topic.

    Cool the 345-sale, I have an equal domain, max bid was 60k some months ago and I didn't sell. Got that 10 years ago for 10k so still OK, but should have sold 5 years ago;-)

    dudu.com sold in 2012 for $1 mill at sedo, there are still stunning sales going, where I would pay just 10%, if that.
     
  15. dejanlesi

    dejanlesi Jr. VIP Jr. VIP

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    Final results of the auction:

    $990,851 total sales

    Domain Sale Price

    Homecare.com $350,000.00
    Wine.club $140,000.00
    CarAuctions.com $90,000.00
    Susan.com $34,000.00
    Tik.com $33,500.00
    Vil.com $33,000.00
    SexEducation.com $23,000.00
    NewAge.com $22,501.00
    BikeRentals.com $22,000.00
    Pathologist.com $18,000.00
    Hgu.com $17,000.00
    Cm.net $17,000.00
    Weed.club $16,000.00
    Vp.net $14,500.00
    Fight.club $13,500.00
    Paperback.com $12,000.00
    Tf.net $11,500.00
    Tp.net $11,500.00
    Kqt.com $11,000.00
    Tequila.club $8,000.00
    Marijuana.la $6,000.00
    Email.host $6,000.00
    Birthday.club $5,000.00
    Adaptable.com $4,500.00
    ShowDogs.com $4,500.00
    Food.wiki $3,100.00
    1111.asia $3,000.00
    RealEstate.wiki $3,000.00
    Wallstreet.press $2,900.00
    MovieCinema.com $2,600.00
    Ship.global and Send.global $2,500.00
    Hollywood.press $2,500.00
    EPeso.com $2,500.00
    Mimes.com $2,200.00
    Bin.net $2,000.00
    Celebrity.wiki $1,800.00
    Miami.ink $1,600.00
    Casino.wiki $1,600.00
    PokerRoom.vegas $1,500.00
    Vegas.wiki $1,500.00
    Ty.asia $1,500.00
    Red.ink $1,400.00
    Wholesale.ink $1,400.00
    Fans.club $1,300.00
    NewYork.ink $1,300.00
    Gamble.wiki $1,200.00
    Dj.asia $1,100.00
    DrunkDriving.nyc $1,100.00
    TropicalProperty.com $1,100.00
    GolfCourses.vegas $1,000.00
    Xxx.website $1,000.00
    NailTrimmer.com $1,000.00
    PictureMessaging.com $1,000.00
    Student.xyz $1,000.00
    BitCoin(s).global $900.00
    BailBond.vegas $900.00
    Gf.asia $800.00
    MarijuanaCard.nyc $700.00
    Dates.vegas $650.00
    Pot.cards $600.00
    MarijuanaCards.nyc $600.00
    ShowTicket.vegas $600.00
    Forums.xyz $600.00
    Airfares.nyc $600.00
    Geeks.xyz $600.00
    Bet.global and Betting.global $600.00
    AthleticClub.nyc $600.00
    MedicalMarijuanaCard.vegas $500.00
    DanceStudios.nyc $500.00
    Shuttles.vegas $500.00
    VapingSystems.com $500.00
    Whats.nyc $500.00
    CigarBars.nyc $400.00
    Rates.vegas $400.00
    Bonus.vegas $400.00
    CrossFit.wiki $400.00
    CannabisDelivery.nyc $400.00
    AthleticClubs.nyc $300.00
    MedicalMarijuanaCards.vegas $300.00
    Printers.xyz $300.00
    DispensaryCards.nyc $300.00
    DispensaryCard.nyc $300.00
    998.xyz $300.00
    Hybrids.nyc $300.00
    PrivateCarService.nyc $275.00
    Pornos.nyc $275.00
    Madrid.xyz $250.00
     
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  16. picas

    picas Junior Member

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    Domaining has been down and down since the shiitty idea and wave of new gLtd appeared ...now domaining is a chao ..As you see ,now all adult search results are out of Google list and SexEducation only worth < 10 K and other names of new GTlds are rubbish..it's my 2cent ...

    P/s : Thanks Damien and others 's updating news of NamesCon..
     
    Last edited: Jan 14, 2015
  17. CoyoteAssassin

    CoyoteAssassin Elite Member

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    My guess is that Care.com bought HomeCare.com.

    I own ho-me-careee.tk.us.org if anyone wants to buy it for 350k.