Wagglepop pops its clogs
Auction site Wagglepop is to close at the end of this month; after failing to find a buyer for the site as a going concern, it will be reborn as a “a 100% affiliate-driven marketplace through affiliate partnership agreement with Amazon”.
Originally launched in 2005 in response to eBay’s hike in Store subscription and final value fees, Wagglepop has closed down before – the first time, just a week after launching. If anyone fancies overseeing its next incarnation, the site remains for sale at $40,000.
Wagglepop is the second auction site announcing closure this month, as Tazbar made a similar announcement a couple of weeks back.
Valuation at websiteoutlook.com is just $6314.50. Where does $40K come from? Wishful thinking I think.
Many people overvalue the worth of their site. For instance RepXChange tried to sell for $25000 last fall and Rottenbidders tried to sell for $10000. Neither of which ever happened. Feedback.com seems to think they are worth more than $1000000 yet they’ve never done anything but parked their domain. DiamondPoweseller.com says they won’t let theirs go cheap. On eBay you can buy what are clearly websites using a readily available script for hundreds or a few thousand dollars.
Wagglepop is probably closer to reality than any of those sites.
#2 Sue, based on the Wagglepop valuation and price you should have tamebaynew.wpengine.com on the market for about £200K then. :)
Hey Andy…. Get your cheque book out – it’s all yours as soon as the funds clear :-D