Big Sale for Bido

Bido.com had a great sale yesterday that has not been widely reported. The UDRP.com transaction might be the highest ticket sale to date of this auction house that is only a little over a year old. We have been involved with Bido from the beginning and are happy to see it’s success

A Little Background
UDRP.com is a gem! UDRP, commonly used in domain matters, stands for the Uniform Domain-Name Dispute-Resolution Policy. This policy was set up by ICANN (Internet Corporation for Assigned Names and Numbers) and is the primary avenue to resolve domain name disputes and address cyber squatting—a multi million dollar industry in an of itself. Anyone who registers a name from any of the top-level domains(TLDs) managed by ICANN, this includes .com, net, .org, and countless others, has agreed to allow the URDP to be the arbitrating force. In addition, many other TLDs not directly overseen by ICANN have adopted those same stipulations.

Crime, Fortunes and Corporations = Great News
UDRP gets a lot of press because it has the right to transfer domains and ownership with very little oversight and recourse. Fortunes can be at stake. Many times UDRP decisions involve the online activities of some of the most powerful and well know brands in the world making it a very sexy new story. On top of that, the decisions can be all over the map with no real consistency. Do a quick search on Google and just check out the stories.

Quiet Promotion
One of the downsides to this sale is that it seemed to be quietly promoted, if at all. The sale was conducted thought the “Bido Guarantee Program” where the buyer was privately contacted by Bido, they made an offer that was accepted before an auction was run. Had they pushed to auction, the price would have started at 75% of the last offer. A little risky yes, but it seems to follow that had there been more noise about the auction, it may have reached a much higher figure. That being said, it is a great price and good sales for Bido, the buyer and seller.

Bido.com is for Real!
There has been a lot of talk about Bido.com not having any real buyers and no one willing to pay premium prices for quality domains. Lets face it, we all want to pay bargain prices for premium names. Many times the quality hasn’t been there to see if that were true. This dispels that myth. If a name is good, buyers will spend on this platform. Congrats Bido and looking forward to getting even more names on your platform soon.