We told you about the earlier results of the .cm auctions at NameJet.com at the beginning of the month.
However, the prices of many of the .cm domains selling at NameJet.com, have been in a free fall, as bidders are passing on their chance to grab the domains.
.cm auctions have been operating differently than normal NameJet.com auctions.
Normally when a bidder defaults at NameJet.com auction, the domain is re-auctioned.
However, with .cm domain auctions, NameJet.com has not been re-auctioning domains, but rather simply offering them to the next highest bidder.
Many times, the next highest bidder didn’t want the domain either, resulting in an actually selling price well off the initial price.
Here are just a few examples:
Sex.cm sold on 9.1 for $51,300, rejected by the 2nd high bidder on 9.15 at $51,100 and sold on 9.16 for $21,700.
Tv.cm sold on 9.1 for $5,200, rejected by the 2nd high bidder on 9.15 at $5,100 and sold on 9.16 for $2K.
Home.cm sold on 9.1 for $2,013, rejected by the 2nd bidder on 9.15 at $933 and sold on 9.16 for $60.
CreditCard.cm sold on 9.1 for $7,300, rejected by the 2nd bidder on 9.15 at $6,999, rejected by the 3rd high bidder on 9.16 at $6,300, sold to the 4th high bidder on 9.17 for $1,580.
The worst price drop of a .cm domain name, I have on my sheet, is Free.cm
Free.cm sold on 9.1 for $17,800, rejected by the 2nd bidder on 9.15 at $7,800, rejected by the 3rd bidder on 9.16 at $3,300, and sold to the 4th bidder on 9.20 for $310.
So free.cm went from selling for $17,800 all the way down to $310.
And you thought the stock market was bad.