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discuss Is the domain name price really ridiculous?

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I got a reply from an interested buyer of one of my domain names saying that the price I quoted was ridiculous.
Is the quoted domain name price really ridiculous? How does the buyer know?
Domain names don’t cost $10. Period. That is the renewal rate, if you have a .com, .org, .info and a few other extensions. These days some new extensions are renewed for $50, $200 or even $3,000 or more per year. An simple escrow transaction that protects the seller and the buyer in an acquisition has a cost of several hundred dollars up to thousands depending on the domain price. Add to that wire transfer fees, currency conversion and other related expenses and you get idea of a domain name transaction cost.
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