Efty Reports All-Time High # of Inquiries in August

Elliot Silver
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The Summer months tend to be the slowest time of the year for my business. I typically see fewer inquiries and do less deals during the Summer. In a tweet sent early this morning, Efty reported that there have been a record number of inquiries made via its platform in August – and the month hasn’t even ended:

One reason for the increased inquiry activity could be the growth of the platform. Earlier this month, the company announced it had reached one million domain names on its platform. With more domain names being added to the platform, one can assume that more

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Use Escrow for a Deal Closing in the Future

Elliot Silver
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It is important to use an escrow service when transacting on a domain name acquisition or sale. I think almost everyone in the domain investment space knows this or should know this by now.

If you reach an agreement to sell a domain name that won’t close until a date in the future, it may be a good idea to set up escrow when the agreement is signed, even though the deal won’t close right away.

Let’s say you are selling a domain name that you are using for a website. Once you reach a deal to sell the domain name and the purchase agreement is signed, the buyer should remit the payment to an escrow service and the seller should push the domain name to the control of the escrow service. The seller can notify advertisers and visitors about the sale of the domain name, and the domain name can be used to inform visitors of the pending sale. Once the transaction time comes, the buyer will receive the domain name and the seller will receive the funds.

This is important for two reasons. First, it is

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George Kirikos Uncovers Sale(s) of First.com

Elliot Silver
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It looks like George Kirikos has uncovered the sale (well, sales) of the First.com domain name. He shared the information he found in a Twitter tweet early this afternoon:

The source of George’s information is a SEC filing from Sitestar Corporation, the company that bought and sold First.com. The information was shared in a press release announcing the company’s Q2 2017 results. Here’s an excerpt from the SEC filing:

“Additionally, the subsidiary closed on the sale of First.com, a domain name that has been actively marketed since the first quarter of 2016. The domain name had a cost basis of $200,000 and was sold for net proceeds of $200,000 including broker and commission fees paid.”

It seems that this deal will not be published in DNJournal or NameBio because the most recent exact sale price was not shared. We could probably make a good estimate based on a 15% commission rate, but unless the broker or brokerage shares the actual price, it will probably remain unpublished. My guess is the deal was somewhere in the ballpark of $235,000, which seems like a very reasonable price for a name of this caliber.

Assuming I am reading the report correctly, it looks like the company paid

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Aron Meystedt Sells XF.com and OC.com

Elliot Silver
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Aron Meystedt emailed his contacts this evening to let people know his @xf.com email address was changing due to the sale of his XF.com domain name. Aron told me XF.com was sold via a China-based domain name broker. His company owned the domain name for approximately ten years.

Aron also announced that he sold OC.com as well. I wrote about his OC.com acquisition at the end of July. This domain name was also sold via a China-based domain broker. I am not sure if both domain names were sold to the same buyer.

Commenting on the two sales, Aron said the following:

“I’ve owned XF.com for 10 years and it was just time to sell it.
I also sold another two letter name of mine this week, OC.com. It was an interesting week to say the least.”

Unfortunately, Aron is unable to disclose a sale price or price range for these domain names. He previously told me that

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Fruit and Vegetable.com Domain Name Sale Prices

Elliot Silver
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My company owns two fruit .com domain names that regularly receive inquiries and offers. It seems like most people who submit an offer or make a purchase inquiry don’t know a whole lot about the value of domain names. To help them understand how much similar domain names sell for, I send them a list of publicly reported comparable fruit and vegetable .com domain name sales.

I thought I would share my findings publicly, like I did when I wrote about color .com domain name sales. I know of a few other privately reported sales, but when I am using the data to illustrate the value of one of my domain names, I would prefer to only share public sales recorded on NameBio. If you know of other fruit .com domain name sales, I invite you to share them in the comment section.

Publicly reported fruit .com domain name sales:

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What is Fund.com Worth Today?

Elliot Silver
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The 2008 sale of Fund.com is one of the largest reported domain name sales of all time. Last week, there was an article that discussed the Fund.com domain name published on Seeking Alpha. The article discussed the history of the domain name and company that owns Fund.com. Interestingly, if you visit Fund.com, you will be forwarded to an offer page via Igloo.com stating “This domain may be available for sale.”

This morning, Rick Schwartz posted a question on Twitter asking about the value of Fund.com:

I think Fund.com is an exceptional domain name and also a great brand name. If it were to be sold, I could see it being used as a brand in the

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