Sedo broker Dave Evanson announced that he successfully brokered the sale of the Kush.com domain name for $500,000. Dave announced the sale this afternoon via Twitter:
Just sold Kush .com for $500,000 @sedo!! Congrats to buyer and seller!!
— dave evanson (@SedoDaveEvanson) November 15, 2018
According to Wikipedia, “Kush is a strain of Cannabis indica.” Kush is a popular term in the marijuana trade, and I think the sale price reflects that popularity.
I don’t always know what the asking price of a domain name was before it sells, but in this case I do: $3 million. An article in Merry Jane published in October of 2017 discussed the value of Kush.com. It appears that Dave reached out to the publication (or someone associated with the publication) and offered the domain name for sale. When he was asked the price, Dave reportedly responded, “Right now the asking price is $3,000,000 but there could be flexibility.”
There was some ensuing discussion about the value of the domain name, and someone in the marijuana and SEO business indicated that he might pay between $100,000 – $250,000 to buy the domain name. Interestingly, Mike Mann, founder of DomainMarket.com and one of the foremost authorities on domain names and domain name valuations pegged it right from the start:
“The sellers will be happy as shit if you give them $500,000 and that will be a good deal for you, good for everybody,” the internet entrepreneur said when asked how much he thinks Kush.com is worth. “I’m just guessing, there’s no other way to know, but I’m the most qualified person in the world… I’ve done more [domain] transactions than anybody, so my opinion holds a lot of weight.”
The $500,000 sale of Kush.com will tie for 12th place in DNJournal’s sales report for 2018 (publicly reported domain name sales). Other half million dollar sales include Tokens.com, Q.org, Dax.com, and Home.Loans.