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Domain names and license plates share some common characteristics. Both allow only one person to own a particular word or number. The supply of good words, vanity words and generic words is finite. Demand for those strong generic or descriptive words is high. Where does supply meet demand on the price curve? Domainers can learn from what is happening in a similar market for - of all things - vanity license plates.
The number "5" license plate sold for $6.8 million dollars in Saudi Arabia and another 300 vanity plates sold for another $56 million at last week's auction. It is estimated that the number "1" will be auctioned next month for up to $20 million dollars.
View Full article and video here ...
The number "5" license plate sold for $6.8 million dollars in Saudi Arabia and another 300 vanity plates sold for another $56 million at last week's auction. It is estimated that the number "1" will be auctioned next month for up to $20 million dollars.
View Full article and video here ...
