Mike Mann tweeted he sold LightRock.com for $94,888
Hard to believe
But congrats
Sometimes I'm thinking that he's not telling the truth. Maybe I'm wrong.
Mike Mann tweeted he sold LightRock.com for $94,888
Hard to believe
But congrats
Just add "power" .com to the end of this name and it seems like a good Upgrade if you ask meSometimes I'm thinking that he's not telling the truth. Maybe I'm wrong.
Interesting. Why 94,888 ?
It might be a Chinese buyer, but DomainMarket, other than the $1 million and $2 million names, tends to price almost all of them ending in 888. The reported figure would be what buyer paid, not after any fees like Escrow, I think. I had always assumed that DomainMarket just handled transactions themselves, not going through third party escrow. Not sure.$94,888 - domainers who have done business in China know why any name would sell at that price ... But I am confused, are the Chinese still buying domains or did Mike Mann legitimately persuade someone to pay that exact amount ... even after escrow fees, it would be a different figure altogether
$94,888 - domainers who have done business in China know why any name would sell at that price ... But I am confused, are the Chinese still buying domains or did Mike Mann legitimately persuade someone to pay that exact amount ... even after escrow fees, it would be a different figure altogether
I would be very cautious to assume this is a genuine sale, looks like something else
Bitcoin is up over 1,000 dollars in 24 hours, its up $8,000 in the past 18 months
Gold is up about $500 is a year
Stocks unrelated to the pandemic (or loosely related) are going bonkers.
Pinterest up 100% in 3 months
Fiverr from $25 in march to $177 (yesterday)
Twitter 100% in less than year
SnapChat 200% in less than year
Home prices and even used car prices are going up and up.
Used Rolex watch prices are in a bubble, so is art etc.
Every asset class is in territories that logically makes no sense at all. It always starts the same, people in that asset class that have been in it for years think a few sales is just some random spike, maybe a fat finger trader, and soon they realize its not a fluke, at least for a while it will explode higher. It does not make something not a bubble, it just means that if you happen to know what you are doing, you could make money from irrational buyers.
I predict in the next few months we will see many domain sales that will make us wonder why? Is it legit?
Governments have pumped trillions of dollars in stimulus and into markets during this pandemic. You always have inflationary reactions to easy money.
When you have people making so much money easily, 100k 500k is not money to them, it is to us.
Trust me when I say I’ve been there and done that and I am well aware of value appreciation on certain investments
I can also tell you I had the opportunity to represent all of Mike Manns portfolio once upon a time but he would not sign a contract when I was a broker at that time ... he wanted $100M and he was not willing to sign a simple contract,
Now I have learned to take everything that is reported with a grain of salt and I invest instead of representing, I however am also aware there are some sales that occur that blow minds, I mean I sold sicily.properties one month ago for $1,200 - a name my partner and I registered in 2014 ... so I understand value appreciation,
I just do not view all the news as genuine, especially Mike Mann news, he is notorious for selling the most idiotic names for loads of money, a good example is TruckCrashLaw.com which he apparently sold for $9000 ... I don’t know, just does not seem authentic to me
What are your thoughts on these name sales from the past year (from dnj)
BoatsForSale.com $396,769
BettingTips.com $150,000
GreenStreet.com $100,890
FiveNine.com $100,000
FactoryOutlet.com $89,999
It might be a Chinese buyer, but DomainMarket, other than the $1 million and $2 million names, tends to price almost all of them ending in 888. The reported figure would be what buyer paid, not after any fees like Escrow, I think. I had always assumed that DomainMarket just handled transactions themselves, not going through third party escrow. Not sure.
There are a number of companies in different sectors using the Light Rock name (venture capital, real estate, construction, digital, and a couple not obvious). Would also be perfect for a light rock radio station.
In any case, a really fine price. Does anyone know if he mentioned if it was BIN at that price, or was a negotiated deal?
Bob
Trust me when I say I’ve been there and done that and I am well aware of value appreciation on certain investments
I can tell you I had the opportunity to represent all of Mike Manns portfolio once upon a time, I knew someone who was genuinely interested in his entire portfolio, but he would not sign a contract when I was a broker at that time ... he told me he wanted $100M and he was not willing to sign a simple contract
Now I have learned to take everything that is reported with a grain of salt, I however am also aware there are some sales that occur that do blow minds, I mean I sold sicily.properties one month ago for $1,200 - a name my partner and I registered in 2014 ... so I understand value appreciation very well,
I just do not view all the domain news as genuine, especially Mike Mann news, he is notorious for selling the most idiotic names for loads of money, a good example of this is the name, TruckCrashLaw.com which he apparently sold for $9000 ... I don’t know, just does not seem authentic to me
Considering the fact that he's a multimillionnaire, do you really expect him to price his assets at $200?
He's a domainer just like most of us, but at a way bigger scale. Honestly, I'm pretty sure that a domain like the one you mentioned would go for XXX (if not XX) in auctions here on NamePros...
Big difference is that he's able to reach out to serious potential buyers with enough money to close 4-5-6 figures deals like this one on a pretty consistent basis.