Sells at for $80,000

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Yesterday the second auction auction for sold for$ 80,000 on Bido. This from what I know is Bido's largest sale ever by almost 5 times.  The reserve for the first auction was $90,000 which was not met with the bids only reaching $35,000. The name was then re auctioned with 38 bids and it reached the lower reserve this time.

I think that the name went for a good price. I think that the buyer got a nie price for the domain name and can sell it for more to other investors and for much more to an end user. On the other side I think that the seller got a fair price for his domain but there could have been a bit more press about the sale to let everyone know it was going on.
Pad can stand for many things. Including the many new pad electronics hitting the market now. A company calling their product pad would be very smart to own the name as would any company who sells a pad device. It can also stand for Peripheral arterial disease. There are also heath and other products that use the term pad.

After bido was relaunched there have not been huge sales or much major news. Like before the close, I have seen some decent names and sales from bido at low prices under $100. I like their system and concept but they just need more quality names. The unique click to vote system with profit sharing is great and with this sale the user who placed the first 3 votes made $616 dollars just from voting and even the 10th vote made $104 according to a thread on namepros. All they had to do was click and vote to send the domain name to auction and they were ale to do very well for 3 seconds of "work."

Namecake is selling some high quality names in a few days which should also bring some high quality bidders to the site and benifit all of the auctions and sellers on the site. The fees are not bad and it might be a nice time to clear some names in the $100 to $500 area with the other high quality auction going on.

Congratulations to Bido, the seller, the buyer and also the voters!

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4 Responses to “ Sells at for $80,000”

  1. andy kelly
    April 9th, 2011 @ 2:02 am

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    Pad is a fantastic sale for Bido,and augers a potential quantum leap in their presence in the aftermarket.
    Thanks for posting a link or two for our auction.Hopefully a good few will sell. If not at least we gave it a try.
    Just to clarify,it’s not a Namecake auction but an UpMarketURLs featured auction.
    James Stafford owns Namecake and I own UpMarket. Right now I am merely blogging on behalf of James on Namecake.

    Have a great weekend!

  2. Domain Development
    April 9th, 2011 @ 5:44 am

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    I think the problem with is not that it is not worth $80,000 I believe it is in the hands of the right investor. The problem is do you have the bankroll to hold off Apple in case they want to go after that domain based on their trademarks for IPad.


  3. David Williams
    April 10th, 2011 @ 10:10 am

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    Nice sale! Here I was thinking that Bido was dead. They really do need a good number of quality domains to keep the momentum going though. This is a great thing for Bido but it will soon die off again if more decent sales aren’t put through the platform.

  4. PPC Ian
    April 13th, 2011 @ 9:59 pm

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    Great domain name! I’d love to build an Epik site on that and sell iPads and other tablets. I agree with Anthony however that Apple could go after this one.

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