Yogi 24 Auctions on domainlore

DJ · Sep 12, 2020

Has anyone else noticed something fishy about these auctions? None of the domains are actually directing to d/l and j4bgrants.co.uk is even being used. What are the chances that this guy has been hacked or something?

Thoughts??!!

CatchDrop · Sep 12, 2020

As one of DL's busiest buyers this year it surprising they don't have an account here or that they aren't personally known to some members.

The timing seems unusual with DL also full of recent catches.

bensd · Sep 13, 2020

No comment on the user you're referring to as I don’t know them but there are loads of domains that are sold on DL without the domain being forwarded to the auction page.

Jiblob · Sep 24, 2020

I can't talk to whether they're legit or not other than that they have a 100+ competency level which I'd say is a good sign.

They're about to sell bollocks.co.uk for £600.... What is that about?? Who's paying that amount for that hahaha.

DJ · Sep 24, 2020

They bought bars.co.uk recently and are now selling it again.

DomainMagic · Sep 24, 2020

DJ Wood said:
They bought bars.co.uk recently and are now selling it again.

Weirdly its only at about 1/3rd of what they paid for it 2 months ago, unless it has a massive run it will be a huge loss

DJ · Sep 24, 2020

DomainMagic said:
Weirdly its only at about 1/3rd of what they paid for it 2 months ago, unless it has a massive run it will be a huge loss

Everything they've sold has been at a huge loss so far.

seemly · Sep 24, 2020

bars.co.uk sold at a loss of £1,300 for 2 months ownership.

https://seemly.co.uk/domains/prices/Bars.co.uk

DJ · Sep 24, 2020

seemly said:
bars.co.uk sold at a loss of £1,300 for 2 months ownership.

https://seemly.co.uk/domains/prices/Bars.co.uk

Something strange:

https://seemly.co.uk/domains/prices/?domain=j4bgrants.co.uk&rows=10

https://seemly.co.uk/domains/prices/?domain=warrior.co.uk&rows=10

https://seemly.co.uk/domains/prices/?domain=isofix.co.uk&rows=10

seemly · Sep 24, 2020

DJ Wood said:
Something strange:

https://seemly.co.uk/domains/prices/?domain=j4bgrants.co.uk&rows=10

https://seemly.co.uk/domains/prices/?domain=warrior.co.uk&rows=10

https://seemly.co.uk/domains/prices/?domain=isofix.co.uk&rows=10

Crikey...

A method of money laundering?

armistice · Sep 24, 2020

Could this not just be a case of the owner needing to to liquidate assets quickly in a changed market?

seemly said:
Crikey...

A method of money laundering?

seemly · Sep 24, 2020

armistice said:
Could this not just be a case of the owner needing to to liquidate assets quickly in a changed market?

Maybe.

Personal circumstances can obviously change overnight, but has the market changed so much that in less than 6 months you can take such a large financial hit?

Adam H · Sep 24, 2020

Maybe a silly way of offsetting expenses for tax purposes. I can think of better ways to loose money though lol.

armistice · Sep 24, 2020

seemly said:
Maybe.

Personal circumstances can obviously change overnight, but has the market changed so much that in less than 6 months you can take such a large financial hit?

Any asset is only worth what someone will actually pay for it, the recent auctions show that (among domainlore buyers at least) the market values have dropped considerably.

seemly · Sep 24, 2020

armistice said:
Any asset is only worth what someone will actually pay for it, the recent auctions show that (among domainlore buyers at least) the market values have dropped considerably.

The domains mentioned in this thread don't constitute the entirety of the domainlore market - even when isolated to recent sales.

The domains mentioned in this thread highlight a strange anomaly of attempted flipping of domains and losing a considerable chunk of change, all from the same account. I don't think it tells you anything about the domain market as a whole.

armistice · Sep 24, 2020

seemly said:
The domains mentioned in this thread don't constitute the entirety of the domainlore market - even when isolated to recent sales.

The domains mentioned in this thread highlight a strange anomaly of attempted flipping of domains and losing a considerable chunk of change, all from the same account. I don't think it tells you anything about the domain market as a whole.

Sorry, I was only referring to the specific domains being discussed i.e. the evidence shows their values have fallen.
Would these auctions seem odd if they had sold for more than originally paid?
The seller has no control over what the domain sells for, maybe they expected it to sell for more than they paid.

seemly · Sep 24, 2020

armistice said:
Sorry, I was only referring to the specific domains being discussed i.e. the evidence shows their values have fallen.
Would these auctions seem odd if they had sold for more than originally paid?
The seller has no control over what the domain sells for, maybe they expected it to sell for more than they paid.

I think it's more strange to attempt to flip the same domains, on the same platform, within months of each other.

People tend to buy domains from Domainlore as an opportunity to;

Generate funds through development
Hold as an investment

Personally, I wouldn't be putting the domain I had just purchased up for auction again unless at least 2 parties had contacted me directly afterwards and expressed interest for more than the price I paid.

Even then, the chances of that scenario happening multiple times is pretty much zero.

Nigel · Sep 24, 2020

what's the big deal with this ?? someone buys some domains and a few months later decides to sell them. Change of plans - focusing in other areas. We've all bought and sold - at profits and losses.

CatchDrop · Sep 24, 2020

This has been mentioned in a couple of threads now but nobody had come forward to say that they have previously dealt with them.

Is there a risk that the domains were originally sold at an inflated price via some sort of shill bidding scheme.

The purpose being so that upon resale bidders might pay more than they may have usually because they think the domain is worth significantly more as proven by the previous recent selling price.

DJ · Sep 24, 2020

CatchDrop said:
This has been mentioned in a couple of threads now but nobody had come forward to say that they have previously dealt with them.

Is there a risk that the domains were originally sold at an inflated price via some sort of shill bidding scheme.

The purpose being so that upon resale bidders might pay more than they may have usually because they think the domain is worth significantly more as proven by the previous recent selling price.

I considered this, but I think he bought helptobuy.org.uk also which appeared to complete OK?

Maybe he bit off more than he could chew, or there is something sinister going on.