According to multiple tweets yesterday, the 9.XYZ domain name sold on West.cn for 1135000 RMB. At today’s conversion rate of Chinese Yuan to US Dollars, the sale is approximately $175,000. Since the auction just ended, I do not believe the deal is officially closed yet, so keep an eye on the Whois change if you want to confirm.
This is the second notable public single number .XYZ sale, with 6.XYZ having sold in a private transaction for $125,000 in November. When 6.XYZ sold for $125,000, .XYZ registry CEO Daniel Negari told me that single number .XYZ domain names are going to be priced much higher going forward. Specifically, Daniel told me the company is “considering offers of $250K+ for the remaining numbers individually.” I asked Daniel why 9.XYZ sold for less than this figure, and he told me that this domain name was put into the no reserve auction prior to when he made the comments to me.
Both of these domain names were owned by the .XYZ registry, so that should be a nice boost to the company’s bottom line.
Interestingly, Daniel told me that .XYZ domain names don’t even work yet in China yet people seem to be paying quite a bit of money to buy them. Here is what he had to say about that and his thoughts on what will happen when / if all approvals are granted by the government:
We put this at no reserve before that article. .xyz domains along with most all other new gtld’s still do not ‘work’ in China. We have made tremendous progress in the region and expect to be one of the first foreign registries to operate legitimately with all the appropriate approvals in China. All remaining names – offers would need to start in the previous mentioned ranges.
When that happens – I expect all .xyz domain names to SKYROCKET in value. We are working really hard to make it happen as soon as possible – early next year. Once that goes into effect our pricing will go up. For the moment; a few buyers got a steal, and are sure to flip their names at a profit like many many others are. There is an economy around flipping .xyz domains in China look into it.
These sales are stronger than I would have guessed, and I’ll continue observing the aftermarket.