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Q: prices paid for domain names... ( No Answer,   3 Comments )
Question  
Subject: prices paid for domain names...
Category: Reference, Education and News
Asked by: joel1357-ga
List Price: $150.00
Posted: 04 Oct 2002 19:27 PDT
Expires: 07 Oct 2002 14:11 PDT
Question ID: 72715
I want to know where to find the prices that have been paid for domain
names. If there is not a free site, then I would like the names of
sites that offer this service for a fee. Finally I would like to be
able to retrieve this data on a regular basis.

Request for Question Clarification by easterangel-ga on 05 Oct 2002 14:43 PDT
Hi joel1357. I have been looking at your question for quite sometime
now. I have not been able to find anything yet on the prices paid for
domain names.

I would just like to know if prices for current bids on domain name
auctions be considered as an answer? :)

Just let me know.

Clarification of Question by joel1357-ga on 06 Oct 2002 11:58 PDT
Thank you to everyone for your desire to answer this question to my
satisfaction. Let me try and clarify what it is that I am seeking. I
have registered about 300 domain names and want to register 2 or 3
thousand more. I am hoping to make money through affiliate programs. I
have spent about 4 grand having several of my domain names appraised
with a company called Great Domains. The 50 or 60 that I had appraised
came back with a value of about 150-160 thousand dollars based on
similiar names that have sold within the last 6 months. I have about 6
that were appraised between $8-29,000. I am fully aware of the names
that have sold for upwards of a half million dollars. I have a friend
that sold what I would consider a very mediocre name for $2,500, and a
few others for several hundred each in the last 6 months, so it seems
that names probably are sold quite often. I am interested in knowing
about sales of domain names (both historic and ongoing) from say
$1,000-$50,000.

Thanks,
Joel

Request for Question Clarification by missy-ga on 06 Oct 2002 22:25 PDT
Hi Joel,

I understand the desire to get this information, it seems it would
help you analyze whether or not you stood to make a profit on the
names you sell.

The problem remains that unless it's a record setting sale, there is
really no way to discover how much any given domain has sold for,
short of contacting the owner of the domain and asking him.  As Umiat
mentioned previously, people have complained to the re-sellers who
have published this information, citing excessive spam.  Even the
company who has done appraisals for you only lists the barest fraction
of the names they've sold, and won't reveal the price for a goodly
number of them (the first twenty-five in their published list of
fifty-two are marked "CONFIDENTIAL":

"These represent a shortlist of the high profile Domain Names recently
sold, and constitute only a fraction of our total Domain Name sales."

Domain Names Sold
http://www.greatdomains.com/domains/listings/soldnames.asp

The appraisals GreatDomains have given you have been based on the
names *they* have handled, not domain sales overall.  Names are indeed
sold hand over fist, but the selling prices are not often publicly
recorded - many companies simply do not reveal that information at
all, either under contract or because it is part of their privacy
policy not to.

I think you're already aware of the resources which might help you -
those sites which showcase latest bids or asking prices.  AfterNIC may
also be of some use to you in this area.  If I weren't dead positive
that you've already sought these out on your own, I'd offer a list of
these resources for you.  I'm sure you've already found them all
though!

It frustrates me endlessly that I can't give you the information you
seek - it's just not out there in any reasonably accessible form, and
what *is* out there is only the teensiest fraction of what has
actually been sold.

Is there anything else I can help you find?


--Missy
Answer  
There is no answer at this time.

Comments  
Subject: Re: prices paid for domain names...
From: missy-ga on 05 Oct 2002 06:22 PDT
 
Hi Joel,

I had actually written this last in response to your clarification of
the previous question.  I think you closed that one while I was
writing the (free) clarification response, though, because it wouldn't
allow me to post. (That'll teach me to lock my questions when I'm
talking to my customers, won't it?)

It's truly not a matter of the price you're offering, Joel.  I'm
always happy to see our "regulars" come back for a visit. (And you're
very sweet, quite lavish with your praise, which makes you very nice
to work for.)

The problem is that there's really no centralized or even partial
listing for all domain names and how much they were acquired for.  As
I noted previously, there are hundreds of businesses through which you
can register a domain name.  First registration (that is, directly
through a registrar) can go for as little as $7/year to the obscene
$45/year.  Every registrar has it's own price.  By way of example, my
best friend and I co-own two domain names - a .com and a .net.  One of
them, our original domain name, was $45/year and the registrar
required a 2 year minimum.  We lost it shortly after the term expired,
thanks to a glitch.

We acquired a different domain name for $10/year, and recently
re-acquired our old one, also for $10/year, with a different
registrar.  I was also recently gifted with a .info domain.  When the
current registration expires, that domain will be $8/year with still
another registrar.

I've paid several different prices for domain names - two different
prices for the same name at different times!  I doubt my current
registrar could tell you what I originally paid for my first domain
name, and I've been unable to find any evidence that anyone keeps
track of that.  Domain names get recycled regularly - the name that
was $45 from NetSol is only $10 through Gandi, and should I ever let
it go, might end up at $7 through someone else.

Does this make sense to you?

Then we get into the more complicated area of privately re-selling a
domain.  Company or individual A has purchased several hundred domain
names with the intention of selling them to other people or companies.
 Company or individual B wants a domain name that reflects their
company or organization name, or even their nickname, so they go to
their favorite registrar to try to register the name.  Drat!  Taken!

But Company B REALLY wants this name - let's call the name
wonderwidgets.com - because that's the name of the company, and if the
URL is the same as the name of the company, it will be easy to
remember and WonderWidgets will get more business.  He HAS TO have
that name!

So WonderWidgets goes back to the registrar and feeds the domain name
to WHOIS to find out who owns the name, and he looks to see if the
name is actually being used, or if the domain owner just has it - he
goes to www.wonderwidgets.com, and finds that there is only a
placeholder page that says the domain is registered to DomainReseller
A and is for sale.

Hm.

So WonderWidgets contacts the guy with his name and asks him how much
he is willing to sell it for.

...and that's where things get really crazy.  Maybe the guy with
wonderwidgets.com is just a plain old reseller, and he'll let it go
for $10.  Maybe WonderWidgets has offered him $500 for it, but he
wants $1000.  Or $10,000, because now that someone *wants* this name,
it suddenly has a value.  Or a couple million, as in these examples:

Loans.com Domain Auction Fetches Record $3M
http://www.ecommercetimes.com/perl/story/2471.html

Say for the moment that the fella holding WonderWidgets.com decides he
won't let it go for any less than a million dollars, even though he
has no intentions of using the domain himself, he only ever intended
to sell it.  WonderWidgets (the company) balks, and files a dispute
with ICANN (the internet naming authority) and alleges trademark
violation.  They go to arbitration, and because the holder can
demonstrate no reasonable claim to the trademarked name, WonderWidgets
wins...and gets his name for arbitration costs ($1000)...and $10/year.
 The fella who originally had it and tried to hold on to it?  He gets
to pay arbitration costs too ($1000 for him, too.  Each side has to
pay for arbitration.), and gets bupkis out of it.

If it's a celebrated dispute, the end price will end up being reported
somewhere (as in the examples cited above), but for the vast majority
of domain names, no one is paying it any mind.  If you check a
domain's WHOIS record, you can see which registrar they went through,
visit that site, and see what they're currently charging for domains -
but that might not be what a particular domain owner paid for the name
when they first registered.   WHOIS records only the current
registrar, and neither  WHOIS nor the current registrar records the
amount a purchaser might have paid for the rights to the name outside
of the standard registration fees.

Does *this* part make sense? 

The upshot of all of this is that because of the de-centralized nature
of domain registration, there's no single database available that will
tell you who paid how much for which of a bazillion domains.

At least, nowhere I've been able to find.  The information would be
great just from the curious Researcher's standpoint, and would be much
more efficient than searching WHOIS on specific domains to find
registrar information!

--Missy

P.S.  You note in your Request for Answer Clarification that you can't
pay for an answer that doesn't meet your needs.  I'm sorry it's not
what you needed.  To request a repost or a refund, go here:
https://answers.google.com/answers/main?cmd=refundrequest
Subject: Re: prices paid for domain names...
From: webadept-ga on 05 Oct 2002 09:09 PDT
 
Hi Joel, just a quick comment on the subject. Missy's wondergidgets..
If the company looking for that name is really "Wonder Gidgets Inc."
They may get the domain name from the guy who has it under Cyber
Squatting laws, and pay nothing except transfer fees.

webadept-ga
Subject: Re: prices paid for domain names...
From: insideinfo-ga on 05 Oct 2002 12:48 PDT
 
It seems that joel is really looking for reselling of urls after they
have been registered. Not the fees that are charged to register.

That topic has gathered much interest as the crazy numbers that were
traded in the internet boom seemed outlandish. In many cases they were
either crazy or just a fabrication. When investigated further many of
these large sums for urls seem to just be urban myths. You cannot find
a record of real money changing hands. I have read a story on this
that very few of those huge numbers are actually real. Most are made
up stories and hype. If you think a one word url that sounds good will
make you $3 million you are probably mistaken. I bid very low for urls
nowadays. There are still sellers asking $50,000 for some domains but
they dont sell. Often times they have so little value it is not worth
companies involving lawyers in the contracts to exchange them if that
is necesary. If I was trying to see what really sells, and for how
much I would probably check Ebay in the completed items section. Then
of course see if the bidder looks real and not just a loser or a shill
bidder. Most data on url value are old numbers being hyped to increase
perceived value of holdings. You must think current! Good Luck -
insideinfo-ga

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