This was below on Aug 24th, is a post from Domain Wire on the future of the new Tld's. Worth reading especially as we are starting to see 6 digit sales. It takes vision to see the potential of the future. This person tells the story of early TV and his $500 high frequency channel purchase selling at auction today for 170 million. The ole .com~ers may be stuck in their old paradigm.
The most expensive domain name ever sold has come to light — at $872 million. Yes, you read that right. Cars.com was valued at $872 million (we get that number from reading the SEC filing, courtesy of the parent company, Gannet Co., Inc.). Imagine the look on someone’s face when they were told their domain was worth that much!
~ Source:GoDaddy
Domain brokerage and consultancy GGRG.com has released their latest free quarterly report (.PDF file) breaking down aftermarket sales and development of "liquid domain names" in the 1st quarter of 2018. GGRG defines liquid domains as being very short .com domains consisting of all letters (L) or all numbers (N), as well as 3-character (C) .coms that have a combination of letters and numbers. GGRG terms these categories "liquid" domains because they are relatively easy to sell at prevailing market rates.
Mark says
Interesting analogy of urinals, .com, and relieving yourself. I was once in the broadcasting business (owned a few television stations). For those who are not aware, when television first came into being, the government set up a system of channel assignment in the continental US. Because of propagation, akin in some ways to the public’s general acceptance of .com, the lower channels were taken first, and the higher frequencies pretty much laid unused for decades. Much like the public’s general familiarity with .com, they were also use to searching the old television sets for the lower channels.
So as a young man, the only chance I had to get into the business was to file for one for the upper channels. I was stunned to encounter what can only be considered outright laughter at my plan. What I particularly remember, is that the general analogy was toilets, and everything associated with them, in referring to the value of my channel.
I remember being somewhat depressed going to my first broadcasting convention. The main speaker there was Ted Turner, the founder of CNN. Turner had gotten his start buying a higher frequency station which was was near bankruptcy. As luck would have it, the gentleman who did my engineering, also had done a lot of work for Turner, and he invited me to have lunch with him and Turner. He could not have been any nicer. He went on to tell me that technology is changing, and that more people would start using cable and other means of viewing content, and at that point it didn’t mean anything what frequency you were on. Also told me to get in on the ground floor of a “new technology” called cellular phones. I did. Got in grabbed a bunch of license and sold them to ATT, but that is another story.
Fast forward…. As luck would further have it….cellular went crazy, and there was/is a dramatic need for spectrum to handle the traffic. And what was directly adjacent to my “s..t” channel…. Cellular frequencies. Well….golly? Who would have thought it?
That piece of “s..t” channel that I paid the US government all of $500 for, I just sold for almost 170 million dollars at the recent auction. (they no longer give them away for $500…lol) Turns out the propagation characteristics are ideal fro cellular AND cheaper to construct and operate.
I specifically remember one genius telling me I could use that channel to clean my a.s if I ever ran out of toilet paper.
So, in conclusion, the urinal description of anything but .com really brought back some memories.
Schimmel
HAMMACK
Don't give people what they want, give them what they can't imagine.
