$1.9 Million in Public Sales This Week At Sedo: PhoneMarket.com Top Sale

8 Replies to “$1.9 Million in Public Sales This Week At Sedo: PhoneMarket.com Top Sale”

1. I call Bull S*** on PhoneMarket.com for $180,000. There is no way in Hell a person is dumb enough to pay that price for a domain that is worth $500 maybe.

   What that is my friends is a case of money laundering. Some dude owed someone $180,000 for drugs or something illegal but they had to pay it in such a way that the police wouldn’t be suspicious so they bought an essentially worthless domain with the money… Sadly enough domains have become the ultimate money laundering tool because value is always in the eye of the buyer.

   Ok, ok I am probably wrong. It probably is a genuine sale but I can’t help feeling the buyer has a brain the size of a small testicle and the seller has testicles the size of a large brain.

2. “I can’t help feeling the buyer has a brain the size of a small testicle and the seller has testicles the size of a large brain”

   LOL

3. Troy,

   So if it is money laundering how did they get the bad money into the bank in the first place.. It is a real sale. Don’t be anger be happy someone made a boat load on the sale.

4. Getting the money in the bank is the buyers money laundering problem, not the sellers. If I were to guess though I would say he probably sold PlacesOnTheInternetToBuyPhones.com for $100,000 to someone…=)

   I understand wanting to be happy for someone. I honestly want success for others but there is just something about seeing someone win the Domain lottery, and seeing someone else ridiculously overpay that makes me a bit condescending.

   I wouldn’t be happy in Holland in 1637 if I saw someone sell a Tulip Bulb for a half million dollars. I would think… what a damn moron to pay that for a Tulip Bulb.

   I have nothing but happiness for people that sell genuinely good names to others for for massive profits, but when I see someone get 100 times more than a domain is worth I think “If luck is what is involved then why couldn’t it have been me? I should have bought PhoneMarket.com instead of all the domains that I have that actually have value”

   1. Troy,

      What you think is valuable is personal. IMO you are WAY is thinking that name sucks. As long as one company needs it then the name has value. In this case , a lot of value. Welcome to domaining, where anything can go for big dollars. Congratulating the seller is the right thing, not blasting the buyer

5. Solid sale – any strong keyword with the word “market” behind it is worth decent money, in the case of PhoneMarket, alot of money.

6. “any strong keyword with the word “market” behind it is worth decent money, in the case of PhoneMarket, alot of money.”

   Says the person with BeachMarket.com=)

   “Congratulating the seller is the right thing, not blasting the buyer”

   I simply disagree. Like any other industry, domaining has times where buyers get awesome deals and times when sellers get awesome prices. I think not acknowledging that with the hope that it will convince all potential buyers that any domain sale is a good deal is disingenuous.

   I don’t need need to play Voodoo mind games with buyers to sell domains. I don’t have the ability to play voodoo mind games and sell something like PhoneMarket.com for $180,000. Because the way I see it the purchase/sale of PhoneMarket.com was nothing more than a win on the lottery. Some sucker paid so another guy could get a bunch of money. Sure, the sucker has a consolidation prize, but that is all it is.

   This does not mean that the owners of PhoneMarket.com will not turn it into a profitable business. They very well might, in fact there is a good chance that they will considering how much money they seem to have to establish the business.

   My main point is that I believe that PhoneMarket.com could have been acquired for substantially less. That domain would have sold for less than $2000 at the best domainer auction. There probably aren’t 5 people on the earth that would be interested in buying it for more that $10,000 a month ago. Had the new owner offered even $50,000 and the seller not accepted it would have branded him bat shi* crazy.

   In the end it is said and done. Someone is richer, someone has a decent domain and someone is obviously a bit frustrated that they were not the seller (me). This does not mean I have to jump on the “Great Sell” band wagon that pops up every time this type of thing happens. I think it was a terrible purchase and a waste of a great deal of financial resources.

   If you were paying $180,000 for FlowerMarket.com I would say the same thing (although I think that combination feels much more natural than phone market). FlowerMarket .com is a good domain. Probably worth a few thousand the the right buyers, probably worth 10,000 to the absolute perfect buyer, but only worth $180,000 to the perfect fool.

   Troy

7. Estibot Values as of Today:

   FlowerMarket.com: $4,500
   AutumnMarket.com: $2,100
   PhoneMarket.com: $840

   Wow – nice sale on phonemarket.com – so I guess AutumnMarket.com is worth over $400K now? Yes!