Domain sold last year by Michael Berkens for $35,000 got dropped and re-sold for $5,755

Hello and Assalamo Alaikum,

It’s an interesting story I was following up since the domain was dropped and caught by NameJet to be auctioned off. The domain name in question is ClosingCosts.com which was sold last year by Michael Berkens for $35,000 and for some reason it got dropped and NameJet caught that one.

Domain sold by Michael Berkens for $35,000 last year got dropped and re-sold for $5,755

 

 

 

I was in that auction and gave the highest very close to the highest bid but didn’t won it. However, I could see Michael Berkens and many other domainers were into that auction but the winner was someone else with bidding alias “ahi”. Currently the domain is under privacy and details cannot be revealed. The auction ended last night.

Quite surprising to see that ClosingCosts.com sold last year for 35k and getting dropped next year itself.

Have you seen any high priced domain dropping so quickly in time?

Like this Article? Subscribe to Our Feed!

You can leave a response, or trackback from your own site.

8 Responses to “Domain sold last year by Michael Berkens for $35,000 got dropped and re-sold for $5,755”

  1. Louise says:

    Nice find! 🙂

  2. Nitin says:

    What an amazing bit of trivia on this one.

    Great Piece of information.

    It is quite surprising how this name was abandoned by the last owner, after buying it for $35k.

    This business has endless possibilities..and paradoxes too. 🙂

    Thanks Bhaiya,
    Nit.

  3. AbdulBasit says:

    If it was bought some years ago, one might think that’s fine. He might have run out of business but just after buying it for 35k last year and dropping next year is surprising.

    Plenty of money with people. Not sure what happened to the previous owner of this domain but surely something bad happened. Else he wouldn’t drop it… At least so sooner… 😀

  4. Bona Vee says:

    …an accident, of course! Well, one of those things.

  5. Tanvir says:

    How does a domain name get dropped from an owner ?

    Is it that once you buy a domain name, you have it registered in your name and you need to keep renewing the registration every year to keep it in your name. Otherwise you lose the ownership and your investment goes to waste ? Wow. That means you have to be very careful in renewing on time.

    Is my understanding correct ?

    • What you have understood is correct. Still when a domain hits the expiration date, the owner of the domain get some extra days like 30 (varies from registrar to registrar) to renew the domain.

Leave a Reply

%d bloggers like this: