FLY.COM sells for 1.8M

[pcaero]

Travelzoo Purchases Fly.com Domain Name for $1.8 Million
Friday January 30, 12:37 pm ET


NEW YORK, Jan. 30 /PRNewswire-FirstCall/ -- Travelzoo (Nasdaq: TZOO - News), a global Internet media company, today announced that it has purchased the Internet domain name fly.com for $1,760,000 in cash. Travelzoo intends to use this domain name for a new information Web site to be launched in February.


"We are delighted to acquire fly.com for our new offering," said Brian Clark, senior vice president and general manager, search products, Travelzoo. "The name is a perfect match for Travelzoo's renowned approach: simple, fun, and world class. Where others see doom and gloom we see opportunities to serve travelers and advertisers with innovative approaches to finding the best values in travel."

The domain name purchase was brokered by Sedo.com, LLC.

About Travelzoo

Travelzoo is a global Internet media company. Travelzoo's media properties, which reach more than 14 million travel enthusiasts in the U.S., Australia, Canada, China, France, Germany, Hong Kong, Japan, Spain, Taiwan and the U.K., include the Travelzoo® Web site (www.travelzoo.com), the Top 20® list, the Newsflash(TM) e-mail alert service, the Travelzoo Network(TM) and SuperSearch(TM), a travel search engine. Travelzoo publishes offers from more than 900 advertisers. Travelzoo's deal experts review offers to find the best travel deals and confirm their true value. Travelzoo's global headquarters is in New York City.

http://biz.yahoo.com/prnews/090130/ny64932.html?.v=1

 

[-REECE-]

Here was the discussion from a few months back on Namepros when it was initially being offered for sale: http://www.namepros.com/domain-name...com-sedo-reserve-2-2-a.html?highlight=fly.com

Congrats to the buyer + seller -- It's the kind of sale which really is a win-win for both parties imho.

 

[snoop]

Congrats to the buyer + seller -- It's the kind of sale which really is a win-win for both parties imho.

It was bought in 1999 for $1.5 million so after Sedo fees it was an 8% gain in 10 years, an annual return of 0.77%. I'd call that a losing transaction in real terms.

 

[-REECE-]

YHOO is trading at $12 right now and if someone offered you $20 for yours, would that not be considered a win? The past is past -- it'd be silly to hold out for $50+ per share just because "once upon a time" they were worth that.

We all know domain prices in 1999-2000 bordered on insanity in many cases. Had this domain sold in 2002 for one-tenth that (which it would have), we could have easily made the opposite argument that domains have appreciated substantially over the past few years.

Statistics are easily manipulated to suit whatever agenda one has. Bottom line is that in this market it's a good sale for the buyer and the seller looks like someone who will genuinely put this domain to good use, hence win-win.

It was bought in 1999 for $1.5 million so after Sedo fees it was an 8% gain in 10 years, an annual return of 0.77%. I'd call that a losing transaction in real terms.

 

[jeffoverman]

but of course snoop dosent consider the ppc revenues coming in each year and type in traffic..

dr snoop i thought you were .com guy... your forgetting the traffic..

was a nice roi by the seller and revenues each year during these tough economic times

 

[snoop]

YHOO is trading at $12 right now and if someone offered you $20 for yours, would that not be considered a win? The past is past -- it'd be silly to hold out for $50+ per share just because "once upon a time" they were worth that.

We all know domain prices in 1999-2000 bordered on insanity in many cases. Had this domain sold in 2002 for one-tenth that (which it would have), we could have easily made the opposite argument that domains have appreciated substantially over the past few years.

Statistics are easily manipulated to suit whatever agenda one has. Bottom line is that in this market it's a good sale for the buyer and the seller looks like someone who will genuinely put this domain to good use, hence win-win.

Agree, that it was sold for a good price, but I wouldn't go as far as to suggest it was a "win" for the seller. After inflation the return would be negative.

I'm not making the argument that domains have depreciatated or appreciated with these comments, I'm simply saying the owner has "lost" rather than "won" with this name.

but of course snoop dosent consider the ppc revenues coming in each year and type in traffic..

dr snoop i thought you were .com guy... your forgetting the traffic..

I doubt the traffic is meaningful in comparison to the price paid. I could imagine this name making 30k-40k per year. On as asset acquired for $1.5million that is about 2%.

was a nice roi by the seller and revenues each year during these tough economic times

You think the 8% roi after 10 years was nice?

 

[HcDomains]

Though the price is not as good as expected for such a top great domain, a 1.8Mn deal is still an awsome news in the bad economy..

Just have a look quick for the "Fixed Price" Section of NP and you will find how many good domains just ask for dirty cheap price but just NO buyer...

 

[dtagr]

The owner may have sold too soon but $1.8 mil is still a nice cash infusion. I could buy a lot of domains with that cash.

ifly.com sold today for $65000
bfly for $8200

http://www.domaintools.com/domain-sales-history/?q=fly.com

 

[banners]

at least it didn't go for as cheap as Top.com did recently.

Face it, in this economy it is a good time to buy / bad time to sell.

Still a respectable amount of cash etc. When you need $$$ you need $$$. Probably could of made more holding out but hey.

It happens

 

[snoop]

Just have a look quick for the "Fixed Price" Section of NP and you will find how many good domains just ask for dirty cheap price but just NO buyer...

If nobody has bought the name then it is unlikely the price is "dirt cheap".