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James Iles

Breaking: The Largest Domain Sale of the Year is Revealed

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By James Iles, Nov 6, 2016
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  2. James Iles

    James Iles NamePros Writer PRO Gold Account VIP Trusted Blogger

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    Sunday is usually a day in which even the domain industry rests somewhat, but not today. George Kirikos, investor and owner of Leap of Faith Financial Services, has uncovered another seven-figure domain sale, which was previously unreported.

    In a series of tweets earlier today, George teased followers with a number of clues, before finally revealing the sale.

    The domain in question is Vivo.com. The buyer of Vivo.com is Vivo, a Chinese technology company that has been using VivoGlobal.com as its main website.

    According to George, the final sales price of Vivo.com was $2.1 million, and was sold by Real Networks (RNWK), a NASDAQ listed company based in Washington (page 26).

    Vivo owns several other names including vivo.co.in, vivo.com.cn and vivo.cn, so acquiring the .COM definitely makes sense.

    This sale ranks as the largest sale of this year, and it is just the third seven-figure domain sale that has been publicly disclosed this year, following the sales of Jade.com and LA.com.
     
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  5. James Iles

    About The Author — James Iles

    Writer for NamePros.com, domain name investor and broker. For all inquiries relating to stories and interviews, please email: [email protected]

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  6. Comments (43)

  7. Recons.Com

    Recons.Com Upgraded Member Gold Account VIP

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    Wow!
    I have EUVO.com (pronounced as YUVO) and like it a lot, but it is still surprising to see the sale. At that price, most companies would have preferred to take UDRP path.
     
  8. RU

    RU I'm out of domaining. ~Russel VIP

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  9. Patrick V

    Patrick V Established Member

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  10. James Iles

    James Iles NamePros Writer PRO Gold Account VIP Trusted Blogger

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    It seems to be normal for larger companies to forward a new name to their existing site until they can change infrastructure over.
     
  11. WatchDogue

    WatchDogue Active Member VIP

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    Thanks for posting the breaking news of this large sale!
     
  12. briguy

    briguy Guru In Remission! VIP ★★★★★★★★★★

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    Makes sense (at least to me)..original site already established!
    Nice (okay impressive) sale!
     
  13. papeter

    papeter Established Member

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    Interesting, but I think my 4 letter name is more valuable...BUNH.com
     
  14. jstenn13

    jstenn13 UltraDomains.com

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    It's interesting how the final sale price comes about. One person probably would have only asked $50k for this name, another may have asked $150k, and another $2.1M. Goes to show how you must really do your research on a name, the potential buyer, the number of end users using the name, and more to get a real idea of if asking for millions is silly or not. Also goes to show that if you ask for it you just may get it.
     
  15. James Iles

    James Iles NamePros Writer PRO Gold Account VIP Trusted Blogger

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    I think the fact that a large US company owned it was an influential factor in its sale. They're likely to be in a financial position that allows them to say no to big offers.
     
  16. James Iles

    James Iles NamePros Writer PRO Gold Account VIP Trusted Blogger

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    Why?
     
  17. BrandingModel.com

    BrandingModel.com BrandModel.com VIP

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    VIVO.com double V and vowels non-chinese CHIP purchased for $2.1M... This shows that the Chinese CHIP is significantly flawed rated by domainers... Priceless!!! :)
     
  18. Haykay2005

    Haykay2005 Active Member VIP

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  19. james haw

    james haw Active Member VIP

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    There's no relevance to CHIPs with this domain name, it was sold based on it being the name of a large corporation ;)
     
  20. BrandingModel.com

    BrandingModel.com BrandModel.com VIP

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    I totally agree with you. It also goes to show there are large Chinese corporations that use vowels and the letter V and not just CHIPs... ;)
    China market.gif
     
  21. BostonDomainer

    BostonDomainer Top Member VIP ★★★★★★★★★★

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    Good observation. V has it's place in the Chinese market. V5.com sold around this time last year for $130,000 and is a major mobile Chinese games creator. Again, V not an issue.

    Sure it does. It was a large corporation with the bank roll to drop the V in their name if it was that big of a deal but saw no need to. Quality combo is quality combo V or not. If they hated the letter V they would have walked away and target some other CVCV. But this isn't the thread for this conversation.


    Thanks again for some good reporting James.
     
  22. james haw

    james haw Active Member VIP

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    Ok so they don't have a problem with Vs in their company name, but their name is already established and so this domain name purchase is simply their company name, CHIP or nonCHIP is not really relevant to the decision to purchase the domain name ;)

    Many large Chinese corps have "non CHIP" names (using V and vowels) as they're pronounceable in the Western world. "CHIP" is just about Western domain name trading and investments.
     
  23. Mark White

    Mark White Established Member

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    Come on, it's all about traffic, clicks, and demographics in sells like these. The more, the better, it also helped that it is a LLLL.COM held by deep pockets $2.1M is cheaper than a UDRP, if it was something I needed, I wouldn't want it to get out of control by asking that they defend them$elves$ with lawyers, and have the purchase price all of a sudden double.
     
  24. James Iles

    James Iles NamePros Writer PRO Gold Account VIP Trusted Blogger

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    Yep. Don't get hung up on Chips. They're useful for abbreviating Pinyin, but there are plenty of Chinese companies names with aeiou - the same as any other country.
     
  25. BostonDomainer

    BostonDomainer Top Member VIP ★★★★★★★★★★

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    We're all saying the same thing here :) I's a hell of a purchase. Awesome name.
     
  26. Michael Ehrhardt

    Michael Ehrhardt Active Member VIP

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  27. hookbox

    hookbox Active Member VIP

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    Seller saw a big fish on the hook and the buyer offered an insane amount of money to get it. Pure luck and nothing more. Those that say don't price domains based on the buyer have once again been proven wrong. A domain is worth what someone is willing to pay for it and not what it's actually worth.
     
  28. garptrader

    garptrader Top Member VIP ★★★★★★★★★★

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    While $2 million for a domain name is currently a rarity and reg fee domains are the norm, domain names continue to be vastly undervalued for their ability to promote a company's products and services.

    Yet how often will companies go for hyphens, numbers in the middle of domains (2 for "to" or 4 instead of "for"), four words or oddball abbreviations to come up with a reg fee solution?
     
  29. Nsmith91

    Nsmith91 Work Hard, Play Harder! Gold Account

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    Agreeing with everyone this sale was absolute whopper! Since many of us own a few LLLL's the sale peaks the interest. Wonder how long the owner held the domain and what type of revenue was already being earned on the site while waiting for a buyer?

    And yes, many of us would have taken 50k for vivo.com in a heartbeat. It's a great position to be in to be able to turn down a 50k offer. lol

    Also most experienced domainers would simply reinvest some if not all of their money back into buying higher quality names. Someone has 2.1 millions to retire.

    Nice info on a LLLL.com!
     
  30. Al Cohol

    Al Cohol Established Member

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    Damn!! How many domainers collectively thought they have been selling names too cheap upon hearing this sale?

    Stellar sale!
     
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