Rick Schwartz added to his most amazing year, selling four more domain names this week for just over $1.325 million dollars.
Rick, who is known as the Domain King, keeps showing why he owns that title.
Included in this week’s sales is 6565.com which set another record for a 4 number .Com domain name.
Rick sold 9595.com for $180,000 in July, which at the time set a record for the highest amount paid for a 4 number .Com domain name (NNNN.com)
The sale of 6565.com, which Rick sold early this week, broke that record.
Just a few days later Rick broke that record again, selling 8181.com for $225,000, which is now the highest amount that a four number .Com domain has ever sold for.
Rick Also sold 399.com this week as well as 6N.com
All together Rick sold 4 domain names this week for more than $1,325,000.
So far in 2015 The Domain King has sold almost $12 Million dollars in domain names and tells TheDomains.com there are more deals in the works.
Rick previously announced the sale of 989.com for $818,881.81 just about a month ago; the sale of 899.com for $801,000; and of course Porno.com for $8,888,888
Remember it was only a few months ago that Godaddy bought over 200,000 domain names from Marchex for $28.1 million which in large part consisted of a portfolio they had purchased for $165 Million dollars back in 2004.
Rick has now sold almost $12 Million for just 8 domain names in 2015.
All of these domain names (except for Porno.com) were acquired by Mr. Schwartz for between $70 and $100 when he was the original registrant in the 1990’s.
So Ricks last 7 domain name sales cost no more than $700 and returned around $3 Million dollars.
Where else could you have invested $700 and gotten a $3 Million dollar return in 18 years?
That’s a record even Mr. Warren Buffet would envy.
The King is having a pretty sweet retirement.
Definitely the “Warren Buffet of Domaining” – intrinsic value, baby.
I would cry over the tax filing…
Wow! Rick continues to show us all how it is done in this business.
Congratulations again and enjoy the retirement. It is certainly well earned.
It’s a seller’s market folks 😀
How many more will Rick sell from this list?
http://domaingang.com/domain-news/domain-kings-numeric-domains-fine-collection-nnn-com-others/
There is something to be said for buy and hold. And then there come a time to move. Timing!
VERY IMPRESSIVE!!! HOW MUCH DID HE GET FOR 399.COM??
Amazing.
Curious to know what the 6N was. Anyone know?
Oh wait…. he sold the domain 6N.com?
Sorry, it’s been a long week!
6n.com sold in the $xxx,xxx figures
dem young flippo’s would never hold a domain 18 weeks, let alone hold one for 18 years.
Congrats Rick on the foresight!
Tom T “Rick continues to SHOW us all how it is done in this business.”
Unfortunately he is not TELLING us how it is done. That’s his secret. Many more of us could be doing it too if we knew HOW. There is definitely an art to getting as much as he does for a domain name.
SteveC – he’s told us lots of times….keep saying ‘no’ until it stops making sense.
Some people will learn the wrong lesson from this.
Rick Schwartz bought low to sell high, and he waited decades. Now, he senses, is the right time to be selling assets in this category rather than continuing to wait for higher prices.
And those who wish to emulate the Domain King – what will they do? They’ll go looking for similar domains and buy high in the middle of a seller’s market, then aim for short-term flips.
It may work for them. But it’s the opposite strategy.
Very few people actually live up to the hype. Even fewer exceed it. Mr. Schwartz definitely is part of that group. It was utter genius to see all of this in the 90’s but Rick is the ultimate negotiator on top of that.
All Hail The King. *No sarcasm*
I wish Rick was still blogging so he could give us some insight to the current short/numeric domain market and his 2015 sales activity.
Maybe you can encourage him to do a guest blog post here on TheDomains?
King-sized KUDOS! Rick…
Few things are as rewarding, or satisfying, as discovering beach front property 20 years before the settlers arrive. That’s not the work of a “King”, but that of a pioneer explorer. Like a Daniel Boone on the Namespace Frontier.
“a box of firework deals going off in every direction. I have never met anyone so driven.”
(Passion and Patient) that’s best advice Rick has
given me over the years reading his blog.
I bet it’s hard for him not to go Hollywood
this year. 🙂
“Rick Schwartz bought low to sell high, and he waited decades. Now, he senses, is the right time to be selling assets in this category rather than continuing to wait for higher prices.”
Ultimately, we’d all much rather have U.S. Dollars in our bank accounts than .com domain names in our registrar accounts.
Transactions are 2-sided. So exactly 50% of the people engaged in domain trading want the reverse.
True, but ultimately investors/speculators are here to make money, not collect domain names like butterflies or stamps.
My point is this:
Suppose you have a bunch of butterfly traders. They all buy and sell butterflies, but none of them ultimately wants to collect or use butterflies.
In every 2-sided transaction, the seller makes X and the buyer loses X. It’s a zero-sum game. Winners take from losers, just like in a poker game. If that system is closed, there is no net benefit.
Unless butterfly collectors enter the picture – people who’d rather have a butterfly than cash – the only way to make a profit is to take advantage of other traders.
And if the system depends on a continuing influx of more TRADERS in order to sustain a high rate of growth … and doesn’t care about the butterfly end users / collectors, … then it’s nothing but a pyramid scheme.
Well said Joseph. Not everyone is into pictures of dead white men or as is more often the case electrons floating in cyber gossamer denoting a $usd fiction.
* when did the world get so complex? :[
Congratulations to Rick, a master of valuing domains based on opportunity cost (comparing them to commercial real estate – both in buying and lease costs). Would be great to have Rick, Michael and Joseph on DomainSherpa for an appearance. It’s certainly been a while!
I hope to be like Rick one day.
wonder what the 6N.com was and how much
Steve C
Rick has told you how he does it
If you didn’t hear it before I will tell you again
He asks for a lot of money
I did tell you he turned down $7.5 Million for porno.com to get to $8,888,888
So its not that you don’t know how he does it, its that most people can’t say no to the lower amounts.
Of course you also have to have the quality of domains he has been selling.
Yes, name quality. Foresight. That is his talent.
But how does he get the clients interested and establish the value is my question.
I go over to Estibot and 6565.com says 19k. So I go to Domain Index. Same story, value 4.5k.
What now? I want 7 figures and the appraised price to the public is under 20k.
Negotiations end. Deal dies.
Frank the domain your asking about was not a 6 numbered .com but the domain name 6n.com
back in the 90’s… when he was only the 800king… i thought rick was the sharpest tack in the box. but now i think he’s just friggin’ lucky. i mean like bill gates level lucky, warren buffet level lucky. i’ll gladly pay you tuesday for a hamburger today.
Guys
He sold 9595.com for $180K a few weeks ago, that establishes the value for all his other NNNN.com domains.
He announces almost all of his sales, very important to establish value of other domains .
877.com was in the namescon auction in January with a reserve that you could have sold for 3x more right now.
No one bought the domain
that is true, the highest offer received for 877.com thus far has been $1n
He’s selling his numeric names at the hype peak … good job!
Congrats Rick! 🙂
Great sales, Rick.
On the point of how Rick is able to get more for his domains:
1. He started early.
2. He holds better names.
3. He doesn’t need the money right now, so bad, so he can afford to ask a higher price and wait for someone with deep pockets to come along. Most domain investors need cash flow and they need it now.
4. He most likely knows and interacts with a bigger network of high net worth investors/individuals.
5. He is Rick Schwartz. He’s got the credentials.
— There’s something interesting and sometimes sad about domain ownership and its perceived value. Sometimes an investor who’s not well known could be holding a domain name that he or she cannot get sold at a high price, mainly because of who owns the domain name. However, if the same domain name were to be owned by Rick, the perception of the domain’s value will change, just by virtue of the fact that Rick Schwartz owns it. You can substitute Ricks name for any of our current top domainers. Now, this is an intrinsic value that the man Rick Schwartz has cultivated over the years. He’s earned that respect and professional premium. But my point is that this perception of value that’s directly related to the owner of record, coupled with other factors, has been advantageous to Rick and other well known (or should i say better known) domainers.
So in short, who owns a domain name makes a big difference in what the domain name’s perceived value is. Not the way it should be, but that’s the way it is.
I stand corrected.
Cheers!
A very valid point. If Rick owns a domain it is perceived as a fantastic domain and therefore a solid investment. If you or I owned the same one, the chances are it wouldn’t get a second thought.
Exactly my point, David. Thanks for summarizing it in two sentences. It’s a big problem in our industry.
@Numeric domains,
I disagree. Famous domain investors like Rick Schwartz tend to sell domains for high amounts. But is that because they’re famous?
Trust me, buyers are rarely dazzled by any domainer, however successful. The real end users don’t pay attention to this industry and most likely don’t recognize the names of domainer celebrities. They’re not fans of Rick Schwartz bidding up the price of his used tooth brush as a collector’s item. They simply want to buy a domain and be done with it – and get it as cheaply as possible.
Rick must get his fair share of lowball offers. Those buyers don’t offer him millions no matter how well known he is for selling in that range.
Over the years, plenty of sellers you and I have never heard of have sold domains for very high prices; but they don’t necessarily report them. That contributes to the illusion that it’s only famous domainers like Rick Schwartz who sell in this range.
Frequently these big sales come from registrants who aren’t domainers at all. They may only 1 domain. But they’re non-motivated sellers – either because they’re financially very comfortable already or simply because they’re stubborn and don’t give up their property cheaply. That’s the key:
Stubbornness + Quality Domains + Luck
Exactly own great names, and have no need to sell. You get higher prices.
Right on Joseph.
Rick has done it again. Congratulations Rick.
I got into domain investing after stumbling on Rick’s blog. Since then I have learned so much from him. He’s still an inspiration for many (and for me).
Keep up the good work Domain King.
Folks keep saying Rick gets the highest price because he holds out for it. Not really. His name is already worth a few million. At that level a few hundred thousand is not going to break a real deal. It is the art of the negotiation. Rick holds out longer than most but that is how you do it at 7 figures.
6565 is a golden combination in the field Rick was in before domain names… telephone numbers.
And IMO 200.00 name flippers are just trying to buy groceries. Million dollar name owners have plenty of groceries. They can hold out.
Rick is the King.