The domain name HotBoat.com sold yesterday on NameJet.com for $14,443.
Wow.
Yes I know the domain had some traffic according to Compete and Alexa but it was a site with pics of boats and girls, but I have no idea of how this domain is worth $15k in the wholesale market.
The winning bidder ID was Santababy which is quite apropo as this price was a gift to the NameJet gods.
A few other sales from Namejet.com over the last few days:
HardWire.com sold for $8,700
GeneTesting.com sold for $6,877
KitchenRenovations.com $5,900
Aveno.com sold for $2,600, this seems to be a typo of the trademark
AVEENO®
PriceOff.com $2,101
BarShop.com $1,306
Posts like this make me feel a whole lot better about my own dumb buys. 🙂
ResidentialProperty.com ended at $5,001 yesterday on Snapnames.
Mike, if you owned HotBoat.com, what would you have let it go for?
WTF is right – I have no idea how this sold for $15K – someone got very very lucky selling that name for 15k
I meant to say $14K….
Your are going to see a lot more WTF’s as the good names that were registered 10 years ago, start to dry up and the good names on NameJet start to get harder and harder to find. Once the last of the good expired names find a home with domain investors, the prices for domains, even marginal ones will jump.
FWIW, I think once people realize the gtld’s are a waste of time, the prices for .com’s will continue to rise. WTF is someone going to do with them? celery.food? thedandywarhols.music? ham.burger? What is better? home.apple or apple.com? You still have to put something on the left side of the dot. On top of the huge cost to get a gtld, you would have to spend millions to get your niche extension recognized. Even decent ones like .web will not amount to much more than .ws or .cc. Just more Fool’s Gold like .co. I’m not seeing many .co’s in my search results. And in print, it looks like a typo for a .com.
Go Long: .com, .tv, .org
Hold: .net, .us, .info, .me
Sell: .cm, .biz, .in
Short: gtlds, .co
I am sure the owner of HotBoat.com was on the Happy Side!
I have quite a few three word .coms that are getting considerable interest. To the point that I am raising my prices to end users as I start my 2011 marketing.
2011 is gonna be a very good year.
true, Aveno is a clear typo
There seems to be at least one “Hot Boat” magazine + many boat sellers under that term. After all, $14K is like a fuel load for a really hot boat…
“but I have no idea of how this domain is worth $15k in the wholesale market.”
Could have been an end-user perhaps? end-users shop on the wholesale market too, even the likes of MGM bought citycenter.com in the drops 😉
As a brand name or a name for a new boat magazine I quite like the sound of it (although the plural is sitting on sedo with no offers showing)
the .co.uk is also in use
@ MIKE:
+1 on that.
Maybe the purchaser “saw the future” …and decided to save themselves the agony(?)
More and more end users are joining the auctions.
The economy is turning around, so it only makes sense that domian sales should be on the leading end of the recovery (companies planning ahead).
– TBC
Dumb luck sale. You can’t base a strategy on things like this. Just accept that they will happen, roll your eyes, chuckle a bit and keep playing the favorable odds.
“I’m Leaving Money On The Table” price paranoia has busted more otherwise great end user sales and cost more money to be lost in domain name reselling than 3d, .co and .mobi combined and it’s inspired by freak sales like this.
Congrats to this guy for being in the right place when lighting struck.
What I thought:
http://www.riverdavesplace.com/forums/showthread.php?s=a1464f0a3558a51a4134511a4f7cca8e&t=41559
“Congrats to this guy for being in the right place when lighting struck.”
It was an expired domain so namejet & Netsol make all the dosh, more of a buy than a sale …depending on how you choose to look at it 😉
Sign of the time that the world is coming to an end…..
more birds are falling from the sky.
Well, that why I love domaining!! there is no need to know WTF why some shi**ty domains sell so much.
more DOMAINS are falling from the sky 🙂
Wow. $14k for hotboat.com. Maybe the buyer wants too add another similar domain to their portfolio … I own hotmotorcycle.com … I’ll give them a really good break on the price 🙂
One of the most frustrating things about domaining:
A domainer might have held this domain for years and never been able to get even $400 for it.
But, let it drop …and it brings an auction house 14K.
A drop auction house that shared the proceeds with the “dropper” sure would be cool!
@ Steve
A Auction house that shares …
a contradiction of terms,
that Steals fits better …
It was bought by a boating enthusiast. Check the post above by Good Domain Names.
The domain has decent stats. However, the site is less than 3 years old. The owner probably got frustrated with the domain and let let it drop back in March 2008. Eventually, the new owner got lucky to make a $14k sale.
I believe the domain sold for a high price because the site produces over 2K+ unique visitors per month. Go Daddy sells similar traffic domains all the time. You have to assess the overall performance stats. It is not all common to find random domains with more than 1K+ unique visitors fetch high prices.
The keywords are also searched over 6K+ times per month. Maybe the domain will be developed into a blog or a boating site comparable to Lowrider with hot rides and female models.
Most owners are getting high offers for less appealing domains. Domain sales are underrated for quality domains, and overrated for average domains. There is shortage of bad sales in the domain industry. Most domainers prefer the “make offer” format to get the most out of their domain. Why waste time “fixed prices” when you can get 25 times over the value of a domain’s worth.
I wrote a quick article yesterday on Aveeno acquiring Aveno.com. Good domain for a popular product. They will probably score good type-in traffic. The domain peaked out at over 7K+ unique visitors this past March.
I own 5 typo domains, which fall under education, resume, and hotels. It’s too early to determine their value. Only time will demonstrate whether they will generate type-in traffic. The two resume typos are going to be popular, as well as the two education typos.
I find it funny that other domain investors discredited me when I mentioned a domain’s age as a determining factor to set prices and weigh market demand. Of course, the domain has to be a quality name that targets a popular niche, or a generic domain.
The best auctions control which domains they accept. Such auction platforms take advantage of dropped names to make a fortune. Even though we may question overrated sales, don’t get discouraged because persistence pays off. You can also make a big sale, as well.
I agree the domain sold for far too much. Whereas, aveno.com was a solid pickup for Aveeno.
Correction on the following sentence in last post: new sentence – left out “no”
There is no shortage of bad sales in the domain industry.
“I agree the domain sold for far too much.”
It evidently belonged to a once popular water sports magazine, reaching back to the late 1970s. Lots of boating people still know it. Several of them bidding (more than 60 bids after a few days). A certain Larry Flynt seemed to have a hand on that term, too.
See how much of a boat you can get for 14K. I´ve seen less explainable domain sales for much more money.
why buy domains typo at high prices?
“A drop auction house that shared the proceeds with the “dropper” sure would be cool!”
Doesn’t Fabulous do this with Snapnames?
What is the selling price?
An amount of money that both the buyer and the seller agree on.
Quit being surprised over this basic fact.
Why would you trust traffic numbers from Alexa? or Compete for that matter? Neither of them know what my traffic numbers are – only I do. I am not installing some code on my pages so that they can report traffic, they’ll have to pay me for that information if they want it.
When are we going to stop using faulty metrics. People buy domain names for the amount that they wish to buy the name for. Nothing, not even appraisals, will determine that number – only the buyer will.
Apparently many trust the traffic numbers enough to buy aftermarket domains. It seems that domain investors have principles with not buying newly registered domains because they missed out on them.
End-users offer high amounts, and then are rejected. It took 3 weeks for me to send a final offer on a quality .com domain, but the buyer hasn’t responded yet.
People are more willing to pay $100K for a 90’s domain than a 2006 domain. Domain age matters. Many buyers with deep pockets try to pay less for domains.
They will make ridiculous offers on good domains, and then buy unappealing priced for high prices. There is no accurate appraisal tool. However, the keyword stats, type of niche, and other information will build value in a buyer paying top dollars to purchase a domain.
There’s a different between every domain.
Correction on previous post:
End-users will make pathetic offers on good domains, and then buy unappealing domains for high prices. There is no accurate appraisal tool.
However, the keyword stats, type of niche, and other information will build value in a buyer paying top dollars to purchase a domain.
@Mike,
I agree on the alexa thing not being as accurate as some would believe; it shows Cheeseburger.TV ranked around 3.6 million for the past month (about 30 visits per day by that rank); while in reality, Cheeseburger.TV gets over 150 hits per day – 400% higher than Alexa indicates. I have no idea why, as we haven’t even developed the site yet.
– TBC
@5D.TV: Well, it could be because almost everyone loves a Cheeseburger! 🙂 Best of luck!
@J: And then there are the other domainers, posing as a “poor college kid who only has $50 to spend on a domain name for his web site for a school project”…. I’ve been burned one too many times with that. I will never drop the price of my domains – if I even post the asking price to begin with. I will not respond to lowball offers or offers that are plain old insults, as well as offers that I feel are not worth letting go of the domain. Its not even worth a discussion with people as they’re just as stubborn to budge and all it actually does is waist my time.
@Mike
You’re the judge in every offer. Of course, there are many scammers and people pretending to be who they are not.
I found that out many times on Craig’s List. I only sold 2 domains there. 98% of the emails are spam. I receive many replies that mention interest in the domain, and they plan to send movers to my home to get it. They request me to send my information. I’m not gullible.
You can verify a buyer. Maybe not on Sedo’s because the buyer elects to remain anonymous, or the system is set up that way to maintain privacy.
I agree that people will try to burn you. Companies act the same way. They know I received an offer above $1000 for two domains, but they try to offer me a $100. Even though I’m struggling, I can’t accept that amount.
I believe domains from the 90’s attract buyers without much work. I have no problems reading about quality domains selling at record prices. I don’t own any elite domains, but I sure would like to find a worthy domain.
I wanted ResumeServices.com that sold on Go Daddy’s auction. Many buyers and companies let quality domains drop, only to watch them attract interest in auctions.