A reader asked yesterday if I could explain why 55130.com is at $4400 with 8 days to go (it’s actually $4350 @ GoDaddy) and does that mean that we are seeing an explosion in the rise of 5N.com no matter what numbers are involved. As for 5N.com names, they have certainly exploded in value. This explosion has been taking place for a while now with names without a zero or four rising the most and lifting the rest of the names along with them.
I would certainly caution against using any one sale as an indicator of the market — especially a sale that isn’t complete yet. The volume of 5N.com names sold is very low so it is hard to place a value on any one name with a lot of confidence. Beyond that, a name could have some significance that we are not aware of. As I alluded to earlier, this name may not end up selling at that price if there are some shenanigans going on in the bidding process.
The data that I have certainly suggests that $4350 would be a great price for the seller if it ends up selling at that. A few comps (if you can call them that) I came up with in the Chinese market are 56806.com selling for around $1500 on 1/10 and selling again for around $1325 six days later on 1/16, 77914.com selling for around $740 on 1/12 and 89810.com selling for $1540 on 1/14. None of these are great comps, but you can see the big difference in price.
Long story short, I have no idea why 55130.com has been bid up to that amount. Maybe someone else can chime in and tell us. Bonus images of 5N.com with four or zero (price and volume) over the past several days. Per request, I’ve also added a legend to the summary image.