16 year old domain sold for "pocket money"?

[dax]

When i was reading other thread about SEDO (one which says they finally removed commerce.com and single.co.uk from "sold" list: http://www.namepros.com/showthread.php?t=107889) i was so curious that i went to sedo.com to see that.
:lol:

But there in the same list was another surprise for me: "sei.com" is declared sold at SEDO for ONLY 4,000$ ??? I find that a little bit TOO LOW! And the bigger surprise to me was when i discovered that this domain was registered back in 1989: Creation Date: 20-jan-1989!

Now, who would sell 16 year old domain for only $4k? And with "good letters".
On Archive.org i found out that domain belonged to Silicon Engineering Inc, and recently to Creative (you know, that soundblaster manufacturer)...

Do you think something smells here?

 

[cache]

I think maybe he sold it to his brother-in-law, you have to pay capital gain if it is sold too high.

 

[cache]

there are also many other possibilities:
*the payment is paid over a period of time
* the contract include other trade such as link exchange
* the contract include sharing future profit even though the ownership
changed.
* the original owner has a law suit pending, or IRS is going after him, he wanted to make sure that he is not worth that much.

 

[sunken]

True, forgot about the tax angle...

 

[smub]

maybe they had some other deals also ... which was not discussed who knows ??

 

[Genialnames]

sei mean also six in italian.
I still doubt a lot about SEDO and big scoops in the DN market.
This thread would eventually confirm my idea.

 

[ridesign1]

did domains exsist in 1989?

 

[seeker]

even before that.
for an example, try whois for ibm.com, dimension.com, and quite a few others.

 

[AdoptableDomains]

Every once in a while someone sells something they have no idea what the value is. Kind of like the classic painting or antique picked up at a garage sale for a few dollars. I've gotten a few domains that way, and actually probably sold a couple that way as well. Timing means a lot in situations like this. You can usually get more money if you wait, but can you always wait?

 

[RogueWriter]

They shoulda worked a deal to get it listed by snapnames, coulda sold it there for ninety million bucks.