Men.com fetches $1.3m

[canuck]

Looks like the market is beginning to heat up again...

[boston.com...]

[nakulgoyal]

That is tooo much. Let's see if another company somewhere buys women.com to run parallel to them. :-)

[Shane]

Canuck,

Here I thought I'd scoop the news item and you have to prove you have even less to do on Christmas day than I do. Gosh dang it, get a life!

(The above meant in humor, peace to all everyone!)

..... Shane

[Shane]

Opps, hit the submit button too many times.

Merry Christmas,
Shane

[Chris_R]

I wouldn't bet the farm on the amount paid - or what it is being claimed that it is going to be used for. Both parties are claiming it is true though.

Depending on the media depends on what they are claiming they are going to use it for.

[amznVibe]

Well it is a 3 letter name, which makes it extra valuable... I doubt that is a lump sum payment though.
newzealand.com went for half a million early this year

[Visit Thailand]

I bet they are having a great Christmas.

I bet many of us just wish we had got in early enough to buy up some good domains like business.com, men.com etc.

Wow good look to them they had the vision and they now have the cash - on generic terms as well. Great stuff.

Add in

Doesn't the boston.com url above look just slightly over SEO'd?!

[amznVibe]

Don't forget casino.com went for $5.5 million at the start of November this year (all time record).

[Visit Thailand]

yes I am definitely jealous - lol.

I know that my main competitor got there one year before I switched on and that domain is now worth an enormous amount of money.

Who was it that said the first into the market gets the major share and the rest get breadcrumbs (or something like that) in the domain market the name can mean so much.

[Webwork]

A little more of the details can be found at [DNJournal.com...]

OBTW - Blue Light Special!

For the next 30 minutes only I'm offering, at a significant discount to Men.com, BOTH - yes BOTH genders for only $1.8 million, for WW members only, for the next 30 minutes.....errr....30 days....ummmm

[WomenMen.com...] AND Women-Men.com

Payment by PayPal accepted.

;-)

P.S. URL is part of joke. You decide if you need to delete the URLs in all cases, of course.

[edited by: Webwork at 3:21 am (utc) on Dec. 27, 2003]

[woop01]

Wow good look to them they had the vision and they now have the cash - on generic terms as well. Great stuff.

Screw 'em. I can't stand domain squatting grubs who don't have plans to do anything but soak as much money out of the people who do the real work as they can.

[amznVibe]

Selling in the six or seven digits isn't exactly a service (it's greed) but I think buying and selling domains seem like a legitimate enough business to me.

It's about having the foresight to invest in something. Men.com was bought for $15,000, that's not a trivial sum. You can't take trademark company names or formal names that are considered assets, so the rules are fair enough.

[woop01]

The rules are black and white, I'm not arguing that at all. However, I still have no love for people who bought a domain back in the mid-90s, sat on it without developing it one single bit, and now expect people who plan to do something with it to pay them huge sums for it. It's a lazy, speculative way to make money from people who have real plans and are willing to put sweat into something.

[Webwork]

In the mid-90s I was trying to figure out how to enter a chatroom on Prodigy internet service.

I'll bet some of you were busy playing Nintendo (and still are) and some of you were playing with your Lego sets.

Not the best credentials for sitting in judgment of others who had a vision of a future where electronic traffic would be more valuable than vehicular or foot traffic.

[Edwin]

That's a ridiculous argument. By the same token, anyone who invests early in a company as a purely passive investor, and then sees the value of that investment rise a thousandfold over time, is equally lazy.

I believe the operative word here is "foresight".

People who spot undervalued assets of ANY kind (real estate, stock, domain names, trademarks, patents etc.) generally end up doing well - but there's nothing lazy about being first in a niche!

[1milehgh80210]

If I sell something I bought (for whatever reason), I'll sell it for the most I can get out of it. Not greedy in my book..
What seems ridiculous are those domain selling sites with their crappy non-developed domains selling for 5 figures. But hey, they've got an 'official' domain appraisal certificate for that amount. lol

[mfishy]

<<Don't forget casino.com went for $5.5 million at the start of November this year (all time record). >>

Nah, business.com sold for over 7 mill

[woop01]

You guys are right but I still refuse to have the slightest big of compassion for domain squatting scum. All they do is hold up progress on the internet to fatten their wallets.

[amznVibe]

Oh you're right, I missed that in the article:
$7.5 million for business.com in late 1999 and $3 million for loans.com in January 2000.
Crikey, business.com would have to pull in $2000 PROFIT per day for ten years to just break even on the domain alone!

Also interesting about the $1.3 million men.com deal:

The terms for the pure cash transaction require the buyer to make six monthly payments of $220,000 each, the first of which was received Dec. 19. Title to the domain (currently being held in escrow) will be turned over when the final payment is received on May 19, 2004.

Candy.com is expected to receive interest in the $10M - $50M range.