How was your weekend? Hope it was great! Whether you find yourself in the US, Europe or Asia, you might be enjoying one of the several public holidays marked on the calendars across of the world. While in the US there was President’s day yesterday, here in Europe today we celebrate Mardi Gras, or “Fat Tuesday” as literal translation. But the way these holidays are celebrated are nothing compared to the firework frenzy expected for the Year of the Ram arriving in China this Thursday or the famous Carnaval ending today in Rio de Janeiro:
On another note, the nice side effect that we are all enjoying is a quieter and less crowded inbox. Also in terms of deal flow, last week seemed pretty quiet compared to the massive sales happened in the previous weeks where Porno.com and 360.com, both sold for staggering amounts in the 7 and 8 digits. We actually had a few readers asking how is it possible that such a sale price could be achieved for a domain-only transaction and how that affects the value of the other numeric domains available for sale on the market.
Well, to give you more details about the 360.com transaction, it seems that the $16M final purchase price resulted from a 3 year long negotiation where the seller Vodafone, one the largest mobile operators in the world, turned down offers up to $14M for the domain. Many people are still surprised about how the buyer, 360.cn, could afford such a high purchase price and pull the trigger on such a large acquisition. The answer again, IMHO (or as Guy Kawasaki would say: “in my honed opinion”), is not only due to