Mike Mann reported another solid domain name sale this morning. His company reportedly sold WashingtonJournal.com for $75,000. The sale was reported by Mike via Twitter:
Washington native, MM, journals the sale of https://t.co/pW252LhHCo for $75,000. Purchased 2/21/05 $350
— Mike Mann (@mikemanndotcom) May 17, 2017
What is is most notable about this sale is that Mike announced that the domain name was acquired in 2005 for $350. I checked NameBio this morning, and there are quite a few (keyword)Journal.com domain name sales in its database. Impressively, the WashjngtonJournal.com sale is the largest by far. Here are the top five publicly reported similar sales according to NameBio:
- TravelJournal.com – $25,000
- PhotoJournal.com – $11,301
- WebstreetJournal.com – $11,288
- BizJournal.com – $10,200
- TokyoJournal.com – $8,400
One of the best performing publicly traded stocks over the last decade is Amazon. Had Mike invested that $350 in Amazon on February 21, 2005 and held it until today, that investment would be worth approximately $9,400 today, according to this stock return calculator. Even one of the best stocks can’t come close to matching the return Mike achieved on this domain name.
It is very likely that this will be one of the top sales of the week in DNJournal’s weekly sale report. It does not appear that the transaction has closed yet since the domain name is still registered to Mike’s company. It will be interesting to see who acquired WashingtonJournal.com and how the domain name will be used.