According to the weekly sales report distributed by DNJournal, last week saw some fairly strong deals. There were a few six figure deals, including the sale of Coffee.org, and the drop auction market was hot once again with some strong names fetching decent amounts. The real winner of the week was over at NameMedia.
Not only did NameMedia Senior VP Pete Lamson report to DNJournal that the company had a record first quarter, but May was also recorded as the best sales month in the company’s history. NameMedia’s Afternic DLS also closed 15 LLL.com domain names for $40,000/each last week. Personally, I don’t own any LLL.com domain names by choice, but I think the purchase shows that the market for these types of domain names are as strong as ever, even with the risk seeming to grow.
Interestingly enough, I had been in contact with Bigfoot about acquiring Let.com from them about 15 months ago, and they were only asking $50,000 for it at that time. It appears they have since sold the name, which is perplexing given the fact that they just jumped in feet first with the purchase of 15 LLL.com names at retail price. I do think it is a good sign for owners of LLL.com names though who are looking to sell their names.
Numeric domain names appear to be hot commodities as well. Because of their relative short supply coupled with the number of uses for these names throughout the world, they always seem to fetch strong prices. I like the fact that numbers transcend languages and are important in many cultures. It is important to research what numbers mean in other countries though! I owned a few numeric names a while ago, and one of them happened to have something to do with death. I sold it ASAP.
It does look like the aftermarket is fairly strong compared to the general economy. I have been and continue to be a buyer both for resale and for development. Hopefully these trends will continue through the summer.
