CheapYellowPages.com, owned by Brian Wick, a domain developer that owns about 6,000 .com, just completed the sale of Orangefield.com for $75K in a private transaction.
The buyer did not identify themselves to the Seller as it pretty common and since the DNS has not updated, we can only guess as to the identity of the buyer
There is an Orangefield, Texas, USA but it seems like a very small town with a population of only around 1,000 people.
My money is on a company called OrangefieldTrust.com which is a multinational company with offices in many countries throughout Europe which used to be known as ING trust.
From its website:
“”ING Trust started to offer its services in the Netherlands and the Netherlands Antilles in the late 1970s. A decade later, the Hong Kong office was opened and the Mauritius’ operations started just before the millennium. In 2001, ING Trust acquired the Dutch trust company Intra Beheer, which was founded by the law firm of Baker & McKenzie in 1973. ING Trust Luxembourg merged with BBL Trust in 2003.
Foreman Capital, management continued the activities of ING Trust worldwide in 2007 under the new name Orangefield Trust. Since that date we have expanded our network with offices in Singapore, British Virgin Islands, United Kingdom (London), Germany (Frankfurt), France (Paris) and Spain (Barcelona). We are preferred supplier to the ING Group
We consider ourselves entrepreneurs and are therefore keen on customer value. Supporting you in the best way possible enables us to achieve our growth potential.”
Once the whois record updates we will find out who the buyer was if in fact is was the small town in Texas they everyone’s GEO holdings just went up.
CheapYellowPages owns some nice domains like CapitalHill.com, which is in the process of launching a site towards the end of the year as well as some great “cheap”domains and sites including: CheapApartments.com, CheapLawyers.com and CheapMeds.com/CheapDrugs.com, CheapHomes.com, CheapRealEstate.com and CheapForeclosures.com.
Brian said:
“We are happy with the ability to reinvest the $75K in other areas of our business model and we believe the buyer got a great value in furthering their business model.”
Congrats to Cheapyellowpages.com, Brian and the buyer.
Nice little bit of detective work there on the probable buyer. I’m sure everyone is happy. $75K is a sweet end of the year shot in the arm as well as a fair price to pay for the company, branding and stakes involved (if you are correct which I’m sure you are). In any case, congrats to all parties!
Congrats to theDomains’ own Brian Wick! I say, “theDomains’ own,” not because he is part of theDomains’ team, but because he contributes lots of nice comments – thanx!
brian wick is a sharp domain operator. he owns many ggod domains. and I read recently that he liguidtated….dropped a bunch of domains.
Mazel tov to Brian.
great guy and a great sale. he also just recently sold minus.com for 6 figures and now orangefield.com, he’s going places.
Great sale, well done 🙂
Looks Like Michael is correct the new owner is Orangefield Trust, B.V. based in Amsterdam – Gosh = I am absolutely “shocked” !!!
@Domain Guy –
my database shows I have owned as many as 25,000 different .com’s over the last 13+ years – and now I have around 6,000 – believe me the vast majority of those were drops (mistakes) – domain investing and domain developement is not about winning – it is about mitigating your loses – no different than life itself.
And yes – I see about 10% of my drops in the auctions – apparantly selling for a few hundred bucks I am told – managing stray domains is a complete distraction to our business model and a waste of our time – like walking from a bad narriage, writing the check – and having vast new frontiers that open up as a result of pulling the plug.
In other words tripping over a $20 bill to save a penny is a recipie for disaster – especially in our business.
Thanks for the congrats – someone else – maybe on this thread – will get the next nice one !!!
@brian: is there a takeaway message from that lost 10%? something like, “choose registrars carefully and keep all domains with one, reliable, trustowrthy registrar?” it is troubling to hear that any percentage of a domainers’ domains are dropping unintentionally. or at least reluctantly.
@f5r7H6
My drops are intentional – eNom and a few at Name serve me well.
@brian: ah, thanks. i think i misread your original comment. so what you meant was mistakes as in “never should have registered these in the first place”. cheers.
No disrespect, but Orangefield.com was a horrible acquisition for the buyer at $75,000. They knew to offer a far lesser amount because that is what the domain is worth. If you have money to sit on domains, then you can produce the golden eggs for bad egg domains.
I agreed with the minus.com sale; however, the company could have easily paid $17 to buy the dot co and the other extensions available. IMO, they’re not a very smart group to operate in the trust industry to be overspending on a domain – if I were operating a business, I wouldn’t trust them to provide services with poor decision making.
@Chris,
I’m sure everyone is not happy. Would you be happy to spend $75,000 after offering $3,000, an amount the domain is probably worth? I doubt it. Only the seller is happy. The company is probably pissed off. Would have gone with the dot co. They don’t need the dot com operating in Europe.