Just three weeks ago I noticed a good solid LLLL.com on Ebay. If memory serves me the domain was listed with a buy it now price of $750 which at the time I thought was over the current market value. It was a nice name though, triple premium plus a ‘Y’ and easily pronounceable - ‘Yeaf’. Seen as the owner had listed the domain with the option of making an offer I went in with $200. Rejected. $300. Rejected. $350, also rejected. I wasn’t willing to go any higher than that because I had my eye on other domains which I have subsequently bought.
In any case the domain didn’t sell and a week or so later the domain was re-listed with the standard auction format on Ebay. I watched in anticipation to see just how much the domain might go for and still it didn’t sell. I later heard that the reserve was set at $500. A little high by my standards but it seems the owner knew the market and what to do with the name. It appeared at Sedo auction this week and sold… for $2010! The owner was right to hold out for more!
Hindsight is a wonderful thing but at the time I couldn’t justify spending extra for a name when I knew I could have got two of equal quality with the same cash. It would have been a very nice turn around though, although if I had bought it, I would have stuck that one in the vault for another day, a year or so down the line.
Is this an indication of market rising market prices? I think not… It is an indication of knowing where and when to sell. Ebay is an excellent place to pick up good domains at cheap prices and a terrible place to sell, especially quality names. They get lost in a sea of garbage. Sedo has certainly been showing some excellent sales figures for the quad letter domain namespace recently and is certainly a premium location to sell of late.
Even though, this may be a missed opportunity, there are always plenty of others just around the corner! Keep your eyes open for them!
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