I think today is the first time that I bought a domain name at a drop auction only to find out later that the domain name was listed for sale as a BIN for less than what I paid for it.
I’m on vacation in Dominican Republic with my family and I’m checking out my drop auctions and immediately realize that I have 10 minutes left for DailyPosts.com a domain name dropping on DropCatch. I liked the domain name thinking its a perfect domain for a blog post business and would be a good resale. On DropCatch I paid $700 for the domain name, I later check the whois at domaintools and it says that the seller has listed the domain name for sale at $490 at godaddy as a BIN. I learned a big lesson today, never get into an auction frenzy without checking domaintools first, especially when you’re on vacation. One for the books.
AbdulBasit Makrani says
September 28, 2015 at 11:08 pmRightly said. Good reminder for me though.
Koosah says
September 29, 2015 at 12:43 amI guess you could call this situation a real domain crunch!! Go crunchy domains!
Mike H says
September 29, 2015 at 2:21 amDon’t worry, it doesn’t matter the name was dropping, the BIN was invalid. That’s the way the drops go every day somebody pays more for an expiring name than the previous owner would have accepted in a private sale.