sold for $1,210 two days ago, now it’s listed for sale for $500,000

I was bidding on last week, my thought was I’d get it for around $400 – $500 but I was prepared to go up to about $1,000. As the auction went on the price went above $500, and for a little bit I was in the lead in the mid-$600’s, then it shot up above $1,000 and I dropped out.

I was a bit surprised to see in the end the domain sold for just north of $1,200 – I was so close but yet so far. At the same time my thinking is – the retail price for this domain is probably around $4,500.

Well…I guess the new owner has a little higher price expectations than I do, as you can see from the image above, it’s now listed at $500,000. The highest reported .VC sale of all time is for $10,000, the second-highest sale is at $6,120…so uh, unless I’m missing something, I don’t think is going to sell for anything close to $500,000, or even $50,000.

That being said, when it comes to domain names, you never really know. There’s this idea of shooting for the moon and pricing a domain at a high price because you might just find a buyer who will pay it. I’ve been doing this long enough to tell you that I’ve seen crazier things happen so while I might find it ridiculous, it could happen…but let’s be honest, it’s pretty darn unlikely.

What do you think? Is the new owner pricing this domain wisely or are they going to be sitting on it for the next 500,000 years? I want to hear from you, comment and let your voice be heard!

Morgan Linton

Morgan Linton