Rick Schwartz a/k/a the Domain King has done it again, setting yet another record selling the domain name 9595.com for $180,000.
This is the highest reported four number (NNNN.com) domain sale of all time and only the 5th reported NNNN.com domain to sell in the six figures.
Rick hand-registered the domain name in 1998 for $70.
The only four number domain names that sold in the six figures before this sale were:
0060.com sold for $120,000 in December 2014.
8788.com sold for $106,000 in February 2015 through DomainHoldings.
9555.com sold for $102,000 in April 2015 at though eNaming.
1001.com sold for $100,000 in December 2013 though Sedo.
So we are not just talking about a new record sale, but one which exceed the old record holder by some 50%.
Rick’s sale is also 80% higher than the sale of pretty similar domain name, 9555.com which just sold a few months ago.
Rick sold the domain name Porno.com for $8,888,888 back in February this year, which set a few other records and is still the highest reported domain sale of 2015 (with my 345.com coming in 2nd at $800K).
Congrats to the King and the power of “No”
Big Respect.
Great story but I think the real story here is Mr Schwartz patience. He is truly an investor. He’s probably still holding Microsoft stock bought at their IPO. Congratulations to him on a great long term investment.
Plenty more to go: http://domaingang.com/domain-news/domain-kings-numeric-domains-fine-collection-nnn-com-others/
Rick Schwartz (aka Domain KING) runs the best business (domaining) plan in the world.
Unfortunately he´s the only one who can follow this plan. About 20 sales in 20 years.
But he made many, many millions from those 20 sales.
Congratulations Mr. Schwartz (once again)
*I sell 20-30 domains every year but never made more than $40K a year big diffrence)
This is an exciting story. If you are patient, you could boil stone. Congratulations to the domain king.
If you are patient and own the gems (domains) that Rick owns.
Great price! congrats Rick!
Patience pays off 🙂
IMO we are at the peak of Chinese demand for numerics in COMs. Pending transfer as of 18th, but me willing to bet the buyer is of Chinese origin. 8788 and 9555 are registered to CN.
Rick Schwartz really is the king when I comes to selling domains, but what’s his secret, how does he do it and get such a high return?
Does he reach out?
I follow the same patient path. My inventory isn’t as nice as his as I started in 2002 but I still do well in terms of ROI. Most of my inventory is expired reg fee .Com pick ups with the majority selling in the 1-10k range with a couple stretching well above the 10k mark. It’s not what ya paid for something it’s what it’s worth to the right end user. So my business model is buy domains that make business sense, list them at a few aftermarkets along with my own sales pages, continue working on my developed sites to keep me busy/profitable and when an offer comes in below end user value reject it.
@Marian you might not make million dollar sales but I have personally turned reg fee .com expired domains into 1-10k on a consistent basis, all about ROI, 8 dollars into 1-10k range works for me, depends on quality what ya can pull off.
@Jon would doubt Rick reaches out, think he does what I do, buy good domains, stay busy with other stuff and when an email comes in below end user value say no, think he takes the saying no part more serious than I do though as he doesn’t seem to leave a nickel unclaimed 🙂
I think you can learn a lot from these guys and from this blog. Not to “spam” here but we own
5GInternetOfThings.com with an eye towards 5G coming to worldwide acceptance in 5-6 years-re Mike Mann buys names with 5 years or more in the future in mind-his recent sale of “BroadSpecctrum.com” for $75,000 is a perfect example-he paid $3K 5 years ago before “Broad Spectrum” was mainstream. My point is that even though someone didn’t buy names in the 1990’s like Mr Schwartz one can still learn from these guys and also from their mistakes re Flowers.mobi also (RS swings for the fences and this happens sometimes) and this is a great blog to follow and lean from..
“to follow and learn from” that should read.
Not many people know about 5G, John. I got out of the business between 3G and 4G(LTE).
I think we may see one or more applications becoming visible around 2018, although well short of
any mass deployment
carl
Thank you for the reply but not many people knew of 4G either. 5G will be mass by 2020. We’ll see what value the name has then to a major company. Who knows!
p.s. not many people know Weyl Fermions right now but our guess is in 10 years they will. That’s why we just bought
WeylFermions.com
Rick could write a book on the art of negotiation. His strengths:
1) Great knack for picking up undervalued assets, with little overhead/upkeep (renewal fees)
2) Ability to see where the market is going, not just where it is
3) Amazing networker
4) Not in a hurry to unload any assets
5) Stays the course — with his desired sales price for his assets
6) Intuition on how valuable the asset could be to the potential buyer
Bravo!
Congrats Rick! IMO The secret sauce is Rick doesn’t only sell domain names. Rick sells common-sense, he sells visions and the possibilities behind owning the name. Rick understands the true value of a Premium domain and he has the ability to make others understand the possibilities too. I’m sure the man doesn’t make 1 sentence counter-offers.
Rick is truly the domain king with this new record.
This is very encouraging news I own the domain 0007.com I believe it is more valuable than 9595.com
specially with James Bond movie coming out I hope I can get much higher offers than what Mr. Schwartz Got.
Congratulations Rick. Im still learning as much as I can every day , I won’t give up eve if only been Domaining for 4 months now.
Always a pleasure watching you on the DomainSherpa show.
Derick Rogers