domain Gangsters.com - Almost 11 years old - What do you think?

[Domain Jedi]

Gangsters.com

Ideal for..

A massively multiplayer (Gangsters themed) online role-playing game (MMORPG).

A music label/brand.

An ecommerce site for Mafia/Gangster related DVDs, books, products etc.

What do you think?

Thanks for looking. :D

DJ

 

[Archangel]

I do agree that most ppl were overpricing the domain and I do believe you were closer to its true value than others were. But saying it was < $10,000 was a bit odd. BUT to each his own. The domain market is tricky because even if we all know the estimated value of a domain, that means nothing to the figures it sells for. ePepsi.com, a worthless TM domain, just sold for over $100. So neither you nor anyone else really knows these things. COULD THIS have sold for $50,000 -- far beyond your expectation? Sure.It just takes one motivated person with dreams and a thick wallet to make it happen. I think $100,000 was VERY possible if the right buyers were found. But this sold for $16k. Does that mean you were right and they were wrong? No -- it just means the domain sold for $16k. Live with it and move on.

The name just sold for $16,100, I was undervaluing it by $6,100 which is far better than most of the appraisals. The people who said 25k were out 9k and those who said 50k were out 34k. Then we have the people who thought it was worth 6 figures. I think it is clear many were overvaluing this name.

 

[snoop]

I do agree that most ppl were overpricing the domain and I do believe you were closer to its true value than others were. But saying it was < $10,000 was a bit odd. BUT to each his own. The domain market is tricky because even if we all know the estimated value of a domain, that means nothing to the figures it sells for.

How is that odd?, you just agreed that I was closer to the its value than others?

ePepsi.com, a worthless TM domain, just sold for over $100.

What is the relevance of that? Given it sold for $100 maybe it is a TM domain that is not worthless?

COULD THIS have sold for $50,000 -- far beyond your expectation? Sure.It just takes one motivated person with dreams and a thick wallet to make it happen. I think $100,000 was VERY possible if the right buyers were found. But this sold for $16k. Does that mean you were right and they were wrong? No -- it just means the domain sold for $16k. Live with it and move on.

This is a bit like trying to draw a check on an empty bank account. The name did not sell for $50k, it did not sell for $100k. To say it could have sold for 100k is like saying it could have sold for 2k, it could have, it didn't. Both estimates would have been way out.

I admit I was wrong though, I was out by 6k, the people saying 50k or 100k were a heck of a lot more wrong. Lets face it right and wrong is pretty obvious when it goes to auction and sells. Though in many speculators eyes it is somehow a sin a estimate lower than the final price, it is in in your own words "odd", yet being way above is somehow more palatable.

 

[MicroGuy]

I think it is not that uncommon for big spending domain buyers to have no or little profile on ebay. He probably saw the ad on one of the news sites rather than looking through ebay.

Yes. But I think the combination of a buyer with no Ebay history whatsoever and a seller willing to accept the full $xx,xxx payment via "buyer-friendly" PayPal spells the potential of disaster for the seller. IMO.

 

[snoop]

Yes. But I think the combination of a buyer with no Ebay history whatsoever and a seller willing to accept the full $xx,xxx payment via "buyer-friendly" PayPal spells the potential of disaster for the seller. IMO.

I doubt it is going to happen via paypal.

 

[Domain Jedi]

the buyer (from Sweden) seems legit and has requested that the transaction be taken through Escrow.com. Apparently his wire transfer payment has already been authorized and will be sent shortly.

As far as I can tell, things will be wrapped up fairly quickly. :tu:

 

[MicroGuy]

Good luck to the seller.

 

[Archangel]

Snoop, everything was spelled out to you in perfect detail but you seem to be too damn stupid (or stubborn -- take a pick) to take it as it is. Sure, it didn't sell for $50k or $100k. But you make no point whatsoever in that it didn't sell for that. You're expecting a domain to sell for what it's appraised for. And with ePepsi.com -- the point was obvious, duh -- it wasn't worth a damn thing yet it sold for $126. The point of all of this is: APPRAISALS ARE JUST GUESSES! And a motivated buyer could have shot a $50k offer for it. So please shut up about it. You don't and never make sense.

That said, I have neither the time nor patience with unrealistic 12 year olds like Snoop. I'm outta this thread.

 

[nicedomains]

Snoop, everything was spelled out to you in perfect detail but you seem to be too damn stupid (or stubborn -- take a pick) to take it as it is. Sure, it didn't sell for $50k or $100k. But you make no point whatsoever in that it didn't sell for that. You're expecting a domain to sell for what it's appraised for. And with ePepsi.com -- the point was obvious, duh -- it wasn't worth a damn thing yet it sold for $126. The point of all of this is: APPRAISALS ARE JUST GUESSES! And a motivated buyer could have shot a $50k offer for it. So please shut up about it. You don't and never make sense.

That said, I have neither the time nor patience with unrealistic 12 year olds like Snoop. I'm outta this thread.

Randy- if anyone acts, writes and handles himself like a 12 year old I'm sorry but it is YOU. Maybe you should apply to be the moderator of 'teen zone' so you can come off as more experienced than your peers, it's not working in the appraisal section. </rant>

Decent sale DomainJedi, sorry you didn't reach your expected price of $22k though. Keep up the good work!

 

[Domain Jedi]

Decent sale DomainJedi, sorry you didn't reach your expected price of $22k though. Keep up the good work!

Hello NiceDomains, I appreciate the support!

Now, if I can only get all of the energy on this thread to focus on my Galoshes.com (rain boots) appraisal thread.

 

[Archangel]

Hello NiceDomains, I appreciate the support!

Now, if I can only get all of the energy on this thread to focus on my Galoshes.com (rain boots) appraisal thread.

lol I had to come back in here. I realized I never properly congratulated you on this sale. So: Congrats

I'd save galoshes.om til this spring, when it'll be raining a LOT

:D

 

[Domain Jedi]

lol I had to come back in here. I realized I never properly congratulated you on this sale. So: Congrats

I'd save galoshes.om til this spring, when it'll be raining a LOT

:D

Thanks Archangel!

Also, good call in regard to taking the different seasons into consideration.

 

[snoop]

And with ePepsi.com -- the point was obvious, duh -- it wasn't worth a damn thing yet it sold for $126. The point of all of this is: APPRAISALS ARE JUST GUESSES!

I think this type of thinking is flawed and it is the same type of logic that has resulted in this debate with gangsters. Basically you are saying that you must be right and the market is somehow wrong. The market is generally right when it comes to auctions.

In other words what a name gets at an open auction is the best guide you'll ever get to "value".

You think epepsi.com is worthless but it went to auction, 5 people placed 14 bids and it sold for $126.

You think gangsters is worth 50-100k even though it sold in a well publicised open auction for $16,100.

Now instead of saying the epepsi.com is worthless (because somehow all TM names must be worthless right?) it would be better to admit you were out by $126, just like I was out by $6100 with gangsters.com. When I'm out on an appraisal I take something from it, firstly I admit I was wrong. Secondly I look at why that was. I think you should do the same instead of trying to argue you were right when obviously you weren't.

 

[Domain Jedi]

With regards to any auction, several variables can and do play a factor: the end time (morning, noon, evening, in the middle of the night for certain time zones), the day the auction ends, the platform (i.e. Sedo, eBay, Afternic ~ do bidders feel comfortable with the platform), media coverage or lack thereof, the accepted payment method (do bidders feel comfortable with the payment options, can they liquidate the funds in time etc), the seller's terms of sale, the seller's ability to contact the decision makers of possible end user companies, a bidder's knowledge of TM law or the lack thereof, etc.

As much as we would like to be able to forecast how things will turn out, if we are close to the end price, we are just lucky at best.

Earlier this year, I auctioned PaintballGuns(.)com on eBay and the bidding ended over 50k (reserve not met). A couple of months later, I sold it for $170k to an end user. Both Moniker and Sedo appraised the domain for under 40k AFTER my eBay auction had ended.

An appraisal is simply an educated guess.

 

[snoop]

Earlier this year, I auctioned PaintballGuns(.)com on eBay and the bidding ended over 50k (reserve not met). A couple of months later, I sold it for $170k to an end user. Both Moniker and Sedo appraised the domain for under 40k AFTER my eBay auction had ended.

Thanks for the info, was wondering what that name got. I can only guess Sedo and Moniker really didn't understand the revenue potential of an ecommerce name like that.

 

[RTM]

With regards to any auction, several variables can and do play a factor: the end time (morning, noon, evening, in the middle of the night for certain time zones), the day the auction ends, the platform (i.e. Sedo, eBay, Afternic ~ do bidders feel comfortable with the platform), media coverage or lack thereof, the accepted payment method (do bidders feel comfortable with the payment options, can they liquidate the funds in time etc), the seller's terms of sale, the seller's ability to contact the decision makers of possible end user companies, a bidder's knowledge of TM law or the lack thereof, etc.

As much as we would like to be able to forecast how things will turn out, if we are close to the end price, we are just lucky at best.

Earlier this year, I auctioned PaintballGuns(.)com on eBay and the bidding ended over 50k (reserve not met). A couple of months later, I sold it for $170k to an end user. Both Moniker and Sedo appraised the domain for under 40k AFTER my eBay auction had ended.

An appraisal is simply an educated guess.

Great wrap-up on this transaction, and I agree with all you mentioned above. Rep added for that post.

Rob

 

[Domain Jedi]

Hello Rob, I appreciate your reply and the Rep!