It has certainly been a rough ride for quad letter domain investors throughout June this year but it has been an interesting month nonetheless. This is the second ‘month in review’ article I have written and it won’t be the last so just in case you missed some important articles here are ‘the best bits’.
Aside from the sale of Jaho.com that was finalised last week there has been little significant quad letter domain activity at the main arenas according to DNJournal’s mid-late June sales report. In fact there have been just eight reported LLLL.com sales over $2k and a mere smattering of global contender transactions.
I’ve been waiting for a sale like this for a while now. The sale of a quad letter domain for a 5 figure sum that has nothing to offer other than itself. Take a look at the stats, it has no Page Rank, isn’t DMOZ listed, has an Alexa rank of over eight million, and after checking archive.org has never hosted a developed website other than countless holding pages offering the domain for sale.
I was sifting through some of my drafts and almost deleted this article which I’ve been meaning to complete for a while now. I decided some of the points to be made back in April are still relevant now. After I wrote ‘Still ‘biting’ for bargains!‘ I thought it would be good to look at the market from a different view point. The question that springs to my mind when so many people are finding so many bargains at so many market venues is, ‘why are there so many?’
Last week I wrote an article about an auction that had been started for 4200 LLLL.com domains. The auction ended today at $62,300. A fair chunk of change but alas the reserve was not met. I would hazard a guess that the reserve was somewhere around the $100,000 mark so I think the final bid was quite a way off.
The mid June Namepros Live Auction took place last night where plenty of names were up for grabs and some impressive sales were completed. There didn’t seem to be as many bulk four letter domain auctions this time round but there was still plenty of interest in domains of the short variety and many sold for a lot more than what is considered their minimum wholesale value.
Just a quick note to say that I have added a new sidebar widget to the right of the site where I will list my 5 latest quad letter domain purchases. I hope this will give some insight into what sort of four letter domains I am interested in, what domains I think are a good investment and, overall, show that I am still very much active in this domain niche.
The domain ASIA.net sold at the Moniker T.R.A.F.F.I.C. Auction on the 18th June 2008 for $50,000, but its NOT a four letter domain! It’s a geographic dictionary generic. It still amazes me that so many people compare high quality dictionary generics with random quad letter domains.
An auction for sixteen triple repeating LLLL.com domains ended at $10,000 on BQB today. The owner of the domains, Reece Berg, founder of BQB, has been building a portfolio of ‘rare’ triple repeating domains for the past four or five months but in recent weeks has seen few transactions when he listed them for sale in the Namepros fixed price marketplace.
The latest price guide from 4 Letter Noob is out and it brings with it more bad news for quad letter domain investors… or does it? Although the minimum wholesale price has plummeted a further 24% to just $25 I am a strong believer that patience is a virtue and the future holds much promise.