The expired domain Jasmin.com has been sold at auction for $310,250, an all-time record for an expiring domain, according to the Domaining Blog. That's more than $50,000 more than the previous record of $260,250. Prices have been rising in the domain name aftermarket for some time, and that has extended to sales of expired domains, which are typically auctioned at sites like SnapNames (which sells domains that drop at Network Solutions and Ragister.com) or in-house registrar auction sites like Go Daddy's Domain Name Aftermarket (TDNAM.com).
There's a reason we rarely see valuable names auctioned in the domain name aftermarket. Can you imagine if you let your domain lapse, only to realize after the fact that it was worth more than $300,000? That's the rude surprise awaiting the previous owner of jasmin.com. It's not easy for a domain to lapse, as most major registrars will send you "nag' reminder emails weeks and months in advance. Go Daddy delivers them at 90, 60, 30 and 15 days before a name expires. You have to be pretty determined to let a name expire. Jasmin.com was registered at Network Solutions, which sends notices six months prior to a renewal date (I know because NetSol is already hounding me about names that expire in August).
Posted by RichM 
February 21, 2006 | Permalink | Newsletter
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