Dollars.com Ended at $500K Euro on Sedo
Dollars.com didn’t bring the top dollar many have expected and fetched only $500K euro on the recent greatdomains.com auction run by Sedo.
Considering it was previously sold by rick lotuna for $650K 10 months ago, the current owner just flipped it for a lousy 10% profit, after the sedo fees.
For comparison another similar high value “flip” computers.com brought the owners $2.1M on a TRAFFIC auction half a year ago, making it about 80% profit in less than a year, based on the reports of the price they paid for it earlier.
The current GreatDomains auction had a large amount of very high value names.
Another interesting sale reported by sedo: c4.com for $107.5K
They should had targeted End users on this.
What’s wrong with a 10% return in under a year? If that money was sitting in Real Estate or in the stock market it would have been down 10%
We’d happily invest several million dollars for a 10% return
The 10% might seem small, but to Profit approx 100K+ in a year is nothing to shake a stick at IMO on any investment.
Considering it was previously sold by rick lotuna for $650K 10 months ago, the current owner just flipped it for a lousy 10% profit, after the sedo fees – that is a lot of cash (the owner made money out of NOTHING).
If the owner has waited another 10 months and then sold the domain name – the owner would have made at least 200K profit (real dollars).
Very smart.