CryptoExchange.org jumps from $500 to $5,000 in final minutes of bidding on Go Daddy Auctions

Cryptoexchange.org

I was bidding on some domains at Go Daddy auctions over the weekend and watching a number of different auctions at the same time. Since I focus on .COM I’m not bidding on .ORG much, but I decided to start watching the CryptoExchange.org auction out of curiosity a few days ago.

As I’ve mentioned in the past, people seem to be going gaga for crypto names and I was interested to see what this one would go for. My guess was it would sell for something in the $500 – $1,000 range…and boy was I wrong.

Earlier in the day the price was in the $400’s and then as the auction got closer to closing it shot up like a rocket ship, the last time I looked it was at $4,849 with three minutes to go which means it very likely sold for over $5,000.

While I get it “cryptoexchange” is a hot two-word combo right now, it makes less sense in .ORG and at $5k+ I have to imagine this is an end-user sale. I’ll be interested to see what happens with this name and if anyone knows what the final sale price was I’d be very interested to know that as well.

To me, it feels like this is a steep price to pay for this name in the .ORG flavor…now if it was a .COM this would be a great deal, even in .NET I might understand it a bit more, but as a .ORG this is just confusing to me. But that could just be me.

What do you think? I want to hear from you, comment and let your voice be heard!