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Bido’s First Auction A Success!
Posted on June 19th, 2008 by admin in Domain News | 3 Comments »
Bido.com, the live domain auctions and porfolio management website, successfully ran their first domain name auction on Wednesday June 18th, 2008 from 1pm to 2pm EST. The first auction proved to be a great success, with the sale of the domain name www.DigitalImages.com for $911, catching the attention of other opportunistic domain name investors and the general public where an estimated 1,400 users logged on to watch the auction.
Winning bidder Aaron Chronister of Kansas City, Missouri states:
“My search engine optimization business keeps me really busy – too busy, in fact, to pay attention to thousands of domains being auctioned off everyday. However, I can pay attention to one domain per day. In fact, I just put in a low-ball amount and went back to work. I later checked on the site and saw it was up to $800. I put in $1,200 as a max and stole it at $911! It worked perfectly and I got a great investment. I’m planning to hold on to it, park it for cash-flow, and sell at a profit later.”
Bido.com’s unique auction system allows for Bido “Experts” to comment on the auction prior to it going live, and on today’s auction the experts posted numerous comments about the value and brand-value of the domain. Bido Expert Wilhelm Laubach of DomainPlus.eu stated:
“My estimated value of DiscountImages.com is $ 5,000. This domain has a marketing advantage because of the prefix Discount. It persuades customers, that are searching for cheap images, to visit this website. At the same time the customers will be expecting to pay for images. This domain is suitable for all kind of advertisement, like TV, radio, internet and word of mouth advertisements. It is easy to spell and to remember. A Google adword for the term “Discount Images” cost $ 1.71 per click…”
Based on that feedback and other expert reviews that put the domain name value anywhere between $3,000-$15,000, the winner got one heck of a deal.
The Bido.com auction system allows anyone to sign up and bid easily plus view and upload videos, participate in future domain name auctions, and benefit from other features exclusive to Bido.com auctions including:
* Bidding starts at $1, No Reserve
* Bido Guarantee: if the domain name does not reach the Bido Guaranteed amount, Bido has the choice to either make up the difference for the Seller, or place one bid for the guaranteed amount. The agreed minimum will be published prior to the start of the auction.
* One domain per day, no more scouring tens of thousands of domain name lists to find the gems our team of industry leading experts has already done the work for you.
* Expert Commentary, each domain name auction will have at least 4 industry experts that give insight to each domain name and the reason to buy and or not to buy.
Premium domain names have sold for over $10M in the past. Bido.com has created a vibrant free market system where prices will be determined by buyers. Bido.com was launched in an effort to create liquidity for a developing market by simplifying the transaction process
The upcoming domain names to be auctioned are:, GolfIowa.com, RYY.com, GoldAuction.com, SpywareHelp.com, DomainTalk.com, VacantRoom.com, & CerealBox.com.
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3 Responses to Bido’s First Auction A Success!
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That’s great to here. I had bookmarked Bido a while back but it didn’t seem like much was happening. I’ll have to pay them a visit again and check out the daily auctions.
Im guessing Bido is not free to join or partake in, right?
Usually good domain name resources are not free, not sure why this is. But will check them out to see. I like their concept and features.
Thanxs for the tip on Bido. I have several names i would to auction off.
P.S. Why didnt you link to them?