sales You have to know what you own - DWN.com sells for 2,999 Euros

Congrats to the buyer... and the seller ;.)

Thanks For Sharing...

estibot values this domain name at $67,000, its value even more than that !

Ouch! Now this gotta hurt!

So I test-listed DWN.com (and a couple of other LLL's) to Sedo to see what their pricing engine suggests.

It suggests, drumroll, €2,999.

(Other LLL's were in the same order of magnitude.)

They need to remove that price recommender immediately. That's pathetic.

It's pathetic for domainers :D For people who are not into domains, it's an highly useful tool that helps them sell their domain, or "smth they don't understand why smb would pay money for it"...

Awesome... Fantastic find and purchase for the buyer, well done!!!

LOL , that's what I look like in the morning( see above )

So a few new tidbits today, DWN.com moved to privacy this morning. Secondly DomainIQ.com now shows nothing for DWN.com

No portfolio information is available for this domain
The domain may have been recently registered, or sufficient WHOIS details may not be available at this time. Please check back later.

So it's getting interesting

nomen said:

So I test-listed DWN.com (and a couple of other LLL's) to Sedo to see what their pricing engine suggests.

It suggests, drumroll, €2,999.

(Other LLL's were in the same order of magnitude.)

Click to expand...

Seems like an easy way for whoever programmed the system to snap up gems.

hookbox said:

Seems like an easy way for whoever programmed the system to snap up gems.

Click to expand...

I checked a name they sold this week VictoriaCapital.com for 15,000 Euros, suggested $799.

Nat Hunt said:

They need to remove that price recommender immediately. That's pathetic.

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no they should not remove it

Was the domain sold via Sedo Escrow or Sedo.com?

If it was sold by Sedo Escrow it probably was traded from one person inside the company to himself or a friend.

tweetsgonewild said:

Was the domain sold via Sedo Escrow or Sedo.com?

If it was sold by Sedo Escrow it probably was traded from one person inside the company to himself or a friend.

Click to expand...

why would someone use escrow, if trading between friends? Same company?

Years ago, there was a very nice LLL.com that had expired. So I contacted the company who owned it, the lady at the other hand hung up on me
A few days later it sold for 60K+ at Snapnames.

Also years ago, a company let ZL.com expired. It sold for 40K at NJ if I remember well.

Some companies don't realize the money they are throwing away.
This case is surprising because whoever listed the domain obviously knew it had value.
I am wondering if that person was qualified and authorized to liquidate that corporate asset. Could be a rogue IT employee.

There are known examples of domain names stolen and resold by employees. Example: sofa.com
People leave companies, and after one or more mergers it's not surprising that companies lose sight over their (unused) domains.

domeen said:

why would someone use escrow, if trading between friends? Same company?

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If the seller has to report the sale to the company, he'll sell it for cheap to a friend i.e for 3000 Euros. The amount goes to the company.
Now that his friend owns the name, they both can sell the name in the future for 50000 Euros. 50000 - 3000 Euros = 47000 Euros.

And that's how it is done.

tweetsgonewild said:

If the seller has to report the sale to the company, he'll sell it for cheap to a friend i.e for 3000 Euros. The amount goes to the company.

Click to expand...

I don't think the liquidation process is so easy and involves only one person...

tweetsgonewild said:

If the seller has to report the sale to the company, he'll sell it for cheap to a friend i.e for 3000 Euros. The amount goes to the company.
Now that his friend owns the name, they both can sell the name in the future for 50000 Euros. 50000 - 3000 Euros = 47000 Euros.

And that's how it is done.

Click to expand...

Why make it public then? I don´t see that point
You make it too complicated.
it was either
1) Mistake, they didn`t know value
2) Someone stole it. and sold.

Ted.T said:

I don't think the liquidation process is so easy and involves only one person...

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Actually intellectual properties such as domains are pretty small issue in big companies. It's only a big issue when they have to acquire it because money.

domeen said:

Why make it public then? I don´t see that point
You make it too complicated.
it was either
1) Mistake, they didn`t know value
2) Someone stole it. and sold.

Click to expand...

How public can domain sales really be? Nobody in big companies even cares or knows about domains. This is not as complex as you're making out it to be.

And even if it becomes public, what is there to prove that the original person sold to his friend?

tweetsgonewild said:

Actually intellectual properties such as domains are pretty small issue in big companies. It's only a big issue when they have to acquire it because money.

Click to expand...

They still have to be somewhere in the financial reports, etc, especially if bought for big money in the past

Ted.T said:

They still have to be somewhere in the financial reports, etc, especially if bought for big money in the past

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They probably bought it for the same amount. That's why they sold it for exactly the same amount.

tweetsgonewild said:

They probably bought it for the same amount. That's why they sold it for exactly the same amount.

Click to expand...

So, this makes us think that it's the company who sold the domain. It was a decided move so I don't think it could be an inside job.