news L7.com sells for $60k

[JudgeMind]

I noticed the no reserve auction for L7.com ended at only $60k and change. Seems very low for such a short .com name. I would think that Chinese investors would be all over that name and be willing to pay in the 6 figure range at least.

 

[youdn]

super.

 

[BrandChimp]

How much a name like L70 .com should sell after L7 .com sold for $60,000?

 

[Recons.Com]

If you use the conventional wisdom about dividing by the number of characters in the next step, then $60,000/36 = 1,667$.

If you adjust for renewal fee PV, then around $1,470.

You could further adjust downwards for memorability, looks, brandability and auction price would be in $700-1,700$ range, depending on priorities and valuation skills, as well as level of optimism about end user sales from bidders.

 

[main]

L also looks like the number 1 which can cause some confusion. l7.com.

 

[Recons.Com]

L also looks like the number 1 which can cause some confusion. l7.com.

I know one of the registries can keep your letter capitalized for that purpose. So if I bought the name I'd make sure I'd move it there.

also, you'd make sure on your logo L is always capitalized. Bigger confusion would be from "L Seven", "EL Seven", "EL7" and for brand protection you could try to get as many of those as you can...

 

[asset.domains]

people starting understanding that these numbers are meaningless : )

 

[BrandChimp]

people starting understanding that these numbers are meaningless : )

Here maybe a bit but not In China.....

They are everywhere!

I got an offer from an end-user for my LNN .com.....

 

[Galleshem]

I had a buyer for this name, that was ready to pay even 6 figures for it, but he refused to bid because it was on Flippa. Unfortunately, the seller wasn't very smart either and quoted a mid 6 figure price when I asked him if we can discuss about a BIN. We could easily have done a deal together and he could have got so much more than this...

If it was in a private deal, my buyer would buy it for much more than $60000 any day.

 

[BrandChimp]

I had a buyer for this name, that was ready to pay even 6 figures for it, but he refused to bid because it was on Flippa. Unfortunately, the seller wasn't very smart either and quoted a mid 6 figure price when I asked him if we can discuss about a BIN. We could easily have done a deal together and he could have got so much more than this...

If it was in a private deal, my buyer would buy it for much more than $60000 any day.

Good point!

 

[DOMAIN ILLUMINATI]

BTW
Austrias #1 telecommunication company is named A1
Their domain is a1.net

 

[betthelot]

BTW
Austrias #1 telecommunication company is named A1
Their domain is a1.net

Given time it will be A1.top

 

[DOMAIN ILLUMINATI]

Given time it will be A1.top

I know you mean it in a sarcastic way but in the same way you are right indeed (that's why I liked your post).
Unfortunately I am not the owner of A1.top
.top fits much more better to A1 than any other TLD because...

...A will allways be interpreted as (something like) 'first', 1 the same, top the same - so
A / 1 / top could be seen as first / first / first.
This combo is really perfect.

 

[betthelot]

This combo is really perfect.

Like Ying and Yang.

 

[DOMAIN ILLUMINATI]

Like Ying and Yang.

Also a way to describe what I mean, yes.
BTW It's called Yin (and) Yang.

 

[DomainPluto]

I noticed the no reserve auction for L7.com ended at only $60k and change. Seems very low for such a short .com name. I would think that Chinese investors would be all over that name and be willing to pay in the 6 figure range at least.

I can see the same...

 

[DomainPluto]

I had a buyer for this name, that was ready to pay even 6 figures for it, but he refused to bid because it was on Flippa. Unfortunately, the seller wasn't very smart either and quoted a mid 6 figure price when I asked him if we can discuss about a BIN. We could easily have done a deal together and he could have got so much more than this...

If it was in a private deal, my buyer would buy it for much more than $60000 any day.

Damn... sounds like a lot of change left on the table.

 

[Kunal Joshi]

It sure should have been sold for more..

 

[namerav]

Compared to recent sales a bit low maybe around $75000 would have been good. But when you compare overall sales of similar domains the price is ok.

 

[fivehead]

I was going to be sorely disappointed in my domain bros/sis' if this wasn't mentioned (kinda disappointed it wasn't applauded), so thank you.

Sandlot FOR-EVER!!!

 

[frank-germany]

How much a name like L70 .com should sell after L7 .com sold for $60,000?

here is what sold lately

http://domainpayout.com/3lcommix.php

 

[Recons.Com]

Also a way to describe what I mean, yes.
BTW It's called Yin (and) Yang.

Cant wait for .yang extension to come out. Then we can all have a bidding war for the only domain that perfectly fits the extension...

 

[BoothDomains]

It didn't sell. The owner made some excuse that he listed it wrong and was meant to have a 6 figure reserve so Flippa is trying to sort it out.

 

[Aaron Soto]

It didn't sell. The owner made some excuse that he listed it wrong and was meant to have a 6 figure reserve so Flippa is trying to sort it out.

That stinks. Isn't the seller legally supposed to sell for that price now that the auction is over?

 

[BoothDomains]

That stinks. Isn't the seller legally supposed to sell for that price now that the auction is over?

Yep. I bid to $60k. I was then informed by Flippa that the seller was refusing to sell as they apparently tried to put a 6 figure reserve. Also if you look at the final bids it was from a brand new account which kept outbidding me. Likely from the seller so they were not obliged to sell.

 

[Recons.Com]

Sorry to hear that...

Flippa story does not make sense. If they "forgot" to put reserve, they had plenty of time to rectify it, as well as put somewhere in comments the situation not to waste people's time. Buyer could have missed out on similar opportunity.