Recently, a series of controversial incidents have been exposed in China’s domain name investment circle. Several investors have reported that several high-quality short domain names under the .art top-level domain that they held or won bids for were unilaterally reclaimed by the registry. Subsequently, these domain names were relisted on the market at prices 6-10 times higher than the original price, which has aroused widespread doubts among investors about the compliance and fairness of the registry’s operations.
Yesterday’s report stated that an investor’s previously registered Sm.art domain for approximately $5,000 was reclaimed by the registry, and its re-registration price has soared to 219,188 RMB (approximately $30,000). Further information has emerged in Chinese WeChat groups, with another investor stating that after successfully winning a bid for ip.art in an expired auction for 4,901 RMB, the transaction was also cancelled, and the domain is now also listed at 219,188 RMB. The rapid price increase in a short period has left investors feeling deeply unfairly treated.
Experienced investors have pointed out that such operations are not isolated cases. Short domains with extremely high commercial and brand value, such as he.art, have previously encountered similar situations. These incidents expose the systemic risks that investors may face under the new generic top-level domain (gTLD) management rules. The registry is being questioned for abusing its rule advantages to reclaim high-value assets for “secondary high-price monetization,” seriously damaging the legitimate rights and reasonable expectations of secondary market investors.
Currently, these incidents are sparking in-depth discussions within the domain name industry regarding the boundaries of the power and transparency of registration management agencies, with the investor community calling for the establishment of a fairer and more transparent mechanism to protect domain name ownership and transactions.
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