new gTLD Facebook bought the domain Work.Place for $50,000+

Arpit131 · Oct 11, 2016

The domain name Work.Place was sold and the buyer is Facebook that launched today its enterprise-focused messaging and social networking service to market under the name Workplace.

The seller Edward Alfert (@ealfert) has not revealed the sales price but since I had a very small part in the deal I can make an educated guess.

Edward asked for my opinion on what price to quote and also told me that he thought the buyer was Facebook. I gave my opinion but don’t know what happened next and what the negotiations were.

I believe the sales price was at the $50,000-$75,000 range. Probably closer to $50,000.

Source

mad409 · Oct 11, 2016

Heard about this yesterday and sent my congrats to Edward. I'm hoping they will use the domain other than a redirect, looks like the .com is something else.

If used other than a redirect it will only help the new g's!

Don't know the final price but he was smart enough to figure out who the buyer was from what I understand, that's always a good thing.

Haris · Oct 11, 2016

a ton of crappy .place reg's incoming..

N-A · Oct 11, 2016

Haris100 said:
a ton of crappy .place reg's incoming..

inb4 incoming showcase your .place domains

mad409 · Oct 11, 2016

Haris100 said:
a ton of crappy .place reg's incoming..

Maybe so, there's always ambulance chasers. If you want to look at the negative side only, so be it.

hullswingerscom · Oct 11, 2016

so how can New GTLDS be dead?

Kate · Oct 11, 2016

So a domainer (not a registry) finally made a good gTLD sale to an end user ? I wonder what the net profit is.

vivaldi · Oct 11, 2016

hullswingerscom said:
so how can New GTLDS be dead?

Only people with low quality domains or holding no new gTLD:s at all claim so.

ambrose.xu · Oct 11, 2016

Kate said:
So a domainer (not a registry) finally made a good gTLD sale to an end user ? I wonder what the net profit is.

work.place registered in EAP last year, chinese news reported that the domainer paid around $200 to register it , so u can caculate the net profit

4Lseller.com · Oct 11, 2016

WOW.Great sale of the year.

ealfert · Oct 11, 2016

Kate said:
I wonder what the net profit is.

I'm still in the red, but getting close. This has not been my only new gTLD sale in the past 2 years.

Bros · Oct 11, 2016

Congrats to the seller. Even though I don't own any nGTLD domains, it is nice to see domainers who own those do well.

Doron Vermaat · Oct 11, 2016

ealfert said:
I'm still in the red, but getting close. This has not been my only new gTLD sale in the past 2 years.

Congrats on the sale and appreciate your transparency about your P&L!

mpls · Oct 11, 2016

Arpit131 said:
and also told me that he thought the buyer was Facebook.

Amazing sale!
But.... How did he know/thought the buyer was facebook? Crystal ball?

ealfert · Oct 11, 2016

mpls said:
Amazing sale!
But.... How did he know/thought the buyer was facebook? Crystal ball?

I found article mentioning that Facebook left their previous law firm for the law firm that contacted me.

http://www.legalbusiness.co.uk/inde...e-firm-hires-bristows-partner-as-privacy-head

Plus with Facebook registering several "workplace" domains recently, I was 99.99% sure it is Facebook that wanted to buy the Work.Place domain.

http://domainnamewire.com/2016/07/22/facebook-registers-domain-names-workplace-service/

So, I negotiated assuming it was Facebook

RU · Oct 11, 2016

it looks like Facebook forgot to set it as a primary domain.

Congrats Edward

ealfert · Oct 11, 2016

RU said:
it looks like Facebook forgot to set it as a primary domain.

I'm hopeful they will utilize the domain and it wasn't just a defensive registration.

hullswingerscom · Oct 11, 2016

well done on your sale !

Brands.International · Oct 11, 2016

Congrats, that is a perfect sale

Fancy.domains · Oct 11, 2016

Congratulations ealfert, you really deserve it as you have been working hard getting great names from the start.

I saw that you also have other nice sales lately. Big congrats!

We are showing people that our investments was worth it. I have no sales close to 50,000, but at least more than fifty smaller sales.

ambrose.xu · Oct 11, 2016

may i know work.place is a premium domain when .place launched last year?

ealfert · Oct 11, 2016

ambrose.xu said:
may i know work.place is a premium domain when .place launched last year?

It is classified as a premium and yearly renewal is $42.

I submitted an EAP pre-order at Godaddy and someone else did too. So the domain went to auction and I won the auction for $164.

ambrose.xu · Oct 11, 2016

ealfert said:
It is classified as a premium and yearly renewal is $42.

I submitted an EAP pre-order at Godaddy and someone else did too. So the domain went to auction and I won the auction for $164.

great sale, if fb launch work.place to be primary domain for its product, it will be a small success for new gtlds(just as google use abc.xyz)

ian_curtis · Oct 11, 2016

Congrats !

abdou01 · Oct 11, 2016

Congrats @ealfert

new gTLD Facebook bought the domain Work.Place for $50,000+

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