$10,000,000 for a domain? this is getting stupid...
I just got alerted to this by my boss. Am I alone in thinking that this domain name stuff is getting out of hand?
Follow the link, then scroll down..... Autoclassifieds.com is the one I am talking about
Mark Hensler posted this at 07:30 — 20th April 2001.
He has: 4,048 posts
Joined: Aug 2000
WOW!.. must be a typo!
Jaiem posted this at 13:17 — 20th April 2001.
They have: 1,191 posts
Joined: Apr 1999
Not a bad name, but my CC doesn't go that high.
Ravi Pachai posted this at 16:48 — 20th April 2001.
They have: 433 posts
Joined: Apr 2000
I agree, far too often you see peoplev alue a domain without taking into account the most important factors (the current state of the economy, the likeness of businesses to move online). You won't find any business who is going to pay $10,000,000 for a domain, and if they do..they won't be in business for very long. You could pay $10 for a shorter domain and spend the other $9,999,990 on development, promotion, and many other useful things.
Someone would only pay $10,000,000 for an established Brand like Pepsi-Cola. It's similar to a domain name in the sense that it's an intangible asset. But that domain name hasn't been established, it has no brand recognition. I wouldn't pay more then $10 for it, plus it's lengthy.
Ravi
Ravi Pachai
mjames posted this at 01:34 — 21st April 2001.
They have: 2,064 posts
Joined: Dec 1999
You'd think, it's crazy nowadays. SportsCentral.cc is 75,000. Good grief!
funnytoes posted this at 05:27 — 21st April 2001.
They have: 7 posts
Joined: Apr 2001
LOL... 10,000,000?.. Sure there!! :eek: It's a good domain name, but i don't think this individual understands that the days of domains selling for a million and up are basically over. Not totally, but mostly over.
heck...i have a domain and i plan to use in the future...actually building a site for it righ now...hehe my poor little domain name emoz.com. If only i could get 10,000,000
...haha. I'll buy me a nice little island...slap!
enough day dreaming...
Justin S posted this at 20:54 — 21st April 2001.
They have: 2,076 posts
Joined: Jun 1999
I bet a company would spend $10,000,000 on a one or two letter domain name. Take for example av.com, which was bought by AltaVista/CMGI. They're still in business.
The domain in question, on the other hand, definitely isn't worth that much money.
Hmm, don't remember. I sold a domain for $1k though.
Justin Stayton - [email] [icq]
Ravi Pachai posted this at 05:10 — 22nd April 2001.
They have: 433 posts
Joined: Apr 2000
Yeah Justin, and then ask yourself..when did they buy it? and what was the current state of the internet? Would they do it now? I don't think so..not with the way they are loosing money. I mean seriously, if they were doing that well would their stock have gone from $78 to $3?..
Ravi
Ravi Pachai
Justin S posted this at 18:32 — 22nd April 2001.
They have: 2,076 posts
Joined: Jun 1999
Yeah, I totally agree. But my point was, they spent close to $10,000,000 for a domain name. Would they do it now? Of course not. Are they still in business? Yes they are.
Justin Stayton - [email] [icq]
Ravi Pachai posted this at 23:28 — 22nd April 2001.
They have: 433 posts
Joined: Apr 2000
I understand but I hope you realise that when I made that comment I wasn't referring to the past but rather the present and (maybe) the future.
Ravi
Ravi Pachai
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