Domain Magnate

According to this thread on dnf and this one in idnforums there might have been a $xxx,xxx sale for an idn domain.

The domain was not publicly disclosed, however it is a Russian term. Alexa is 0, so there is probably not much traffic.

Other posts indicate that  there were other previous $xxx,xxx sales and the idn  market is simply not transparent enough, however several investors are spending big bucks on names they think will be much more in the years to come.

From idnforums:

I recently bought 1 idn for xxx,xxx
Some may say it is way over priced if you are comparing it to the current ‘market’ that is practically isn’t born yet but i prefer to pay more now then getting to the point where it just wont be for sale.

The $xxx,xxx sale has been confirmed as a Russian IDN , the $x,xxx,xxx “sale” still waiting for further info.
Also confirmed a Chinese seller sold a .cn for a good $xx,xxx to a business in China.

IDN domains are a highly controversial market. Many domainers believe it’s a waste of money while others predict it to take off big time. What’s your take on that?

Nothing says online chess better than Chess.com!

This is a perfect example of a truly premium domain and how it should be used.
I remember seeing chess.com for years having a one page site with some affiliate links to chess software and sets. As a true chess fan I’ve inquired on the price a couple years ago and it seemed high to me back then. Now I don’t remember what number they quoted, but seeing how chess.com got developed it sure was a fair amount to pay. Chess.com now has an alexa ranking of 12K indicating a very high traffic and most likely the biggest chess site online. read more »