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509.com sells for a big loss from just three years ago

Labeled as domains in Domain Industry News, started by equity78, Feb 25, 2021

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  1. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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    It’s no secret numeric domain names have been taking a hit from their prices a few years ago. 509.com sold for $106,000 on Monday at Sedo. Nice price right? Not really, it sold for $295,000 just 3 years ago. The Booth brothers operating under BQDN back then sold the domain name on May 27, 2018. […]

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    Last edited: Feb 25, 2021
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  2. hunandomain

    hunandomain New Member

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    I think now is the right time to invest in bitcoin . Dotcoms have dropped in price .
     
  3. griff

    griff Top Contributor VIP

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    Certain types of .com will probably decrease while others will get more expensive - the Western market is rising while the Chinese market (the main market for numerical .com's) has been decreasing for a while

    "The Chinese secondary market has decreased in size significantly, declining from 45% of all transactions in 2017 to 18% in 2020. At the same time, the US market has grown, accounting for ~30% of transactions in 2020, up from 10% in 2017." - https://www.bcg.com/ru-ru/publications/2021/domain-name-secondary-market-insights
     
  4. hunandomain

    hunandomain New Member

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    You're right sir! Speaking of dot coms I meant the chinese market, where figures are very popular ( or were once). It's no surprise that this domain was sold at this price .
     
  5. AEProgram

    AEProgram Top Contributor VIP Blue Account

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    I'm guessing you purchased bitcoin at 58,000?

    Dot coms are sky rocketing in price. This does not mean bitcoin is no good, almost everything is skyrocketing in price.
     
  6. Mytz.com

    Mytz.com Top 4L [email protected] ieie.com CuTu.com NeSu.com QAMI.com PRO VIP Gold Account

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    So there should be no reserve
     
  7. Syakera

    Syakera Established Member

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    I agree that quality dotcoms are rising sharply in price.
     
  8. TauseefKhan

    TauseefKhan Top Contributor VIP

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    is it due to zero? or all numerical s are having similar fate
     
  9. clarkemarketing

    clarkemarketing Top Contributor VIP

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    Why have the Chinese stopped buying domains?
     
  10. AEProgram

    AEProgram Top Contributor VIP Blue Account

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    They didn't
     
  11. clarkemarketing

    clarkemarketing Top Contributor VIP

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    Why the HUGE shift in market share then?
     

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