sales First.com -- bought for $200,000, and just sold for $200,000 (net of fees)

[GeorgeK]

SEC filing reveals that the First.com domain name, which has a cost-basis of $200,000 (i.e. a previously unreported transaction when it was acquired) just sold for proceeds of $200,000 (net of fees):

https://www.sec.gov/Archives/edgar/data/1096934/000156459017016024/syte-ex991_6.htm

Additionally, the subsidiary closed on the sale of First.com, a domain name that has been actively marketed since the first quarter of 2016. The domain name had a cost basis of $200,000 and was sold for net proceeds of $200,000 including broker and commission fees paid.

Thus, the price would have actually been slightly higher than $200,000 in its most recent sale, to reflect the broker and commission fees.

 

[Mifuru]

chinise

 

[imadoer]

I think this was a good buy price tbh

 

[GeorgeK]

I think this was a good buy price tbh

Agreed, it seems a bit low to me.

 

[.NJ]

Sounds like someone was looking to put money into crypto instead....

 

[Jv1999]

Sounds like someone was looking to put money into crypto instead....

:D

 

[.X.]

It's a fair price to both buyer and seller IMO.

 

[drakeholm]

Maybe breaking even in the bloated expectations market equals profit. Some people who lost a lot of money in the stock market night their holdings kept that much value lool.

 

[Kate]

This is a strong keyword with huge branding potential, could have sold for more.
There is at least one bank that would be the perfect end user.

 

[forge]

This is a strong keyword with huge branding potential, could have sold for more.
There is at least one bank that would be the perfect end user.

+1

Also reminded me of this (strange choice for a primary domain IMO)

https://www.53.com/content/fifth-third/en.html

 

[ecigs.net]

It is surprising that it did not sell for more.

 

[Joshua Harding]

I, too, will echo the sentiments that $200k seems relatively low given the monster marketing potential of this domain.

 

[guilty]

He must have needed the money. I wouldn't sell such a strong name for the same price that I bought it unless I really needed the money.

 

[rentmynames]

$200k is a fair price.

 

[frank-germany]

looks like the value of that domain is $200K USD

 

[Embrand]

I think this is a fantastic domain. Which company doesn't want to be "first" in its industry? It can be used for almost any kind of business.

Buyer got a great deal in my opinion.

 

[wot]

I think this is a fantastic domain. Which company doesn't want to be "first" in its industry? It can be used for almost any kind of business.

Buyer got a great deal in my opinion.

Agreed, great name cheap price.

Waiting for a Crypto "First Coin" to come out as I have a .co.in that would be a great hack!

 

[john_karr]

First.com for $200k that is cheap.com

 

[iwon24]

agreed i also think it was sold cheap, it has a lot of potential.

 

[Haykay2005]

Fair enough IMO

 

[creataweb]

Maybe they took the "first" offer.

 

[Smiles76]

This is a strong keyword with huge branding potential, could have sold for more.
There is at least one bank that would be the perfect end user.

I think the branding aspect is often overstated by domainers. Beer.com was supposedly a strong branding domain and yet they went out of business.

 

[dande]

First.com? There is nowhere I'm selling anything less $1m if I'm the owner. I think the new buyer will be the real profit taker