domains James Booth sells Galatea.com for $275K

[equity78]

James Booth posted on Twitter/X that he sold Galatea.com for $275,000. A name from Greek Mythology you can read more here. There is a developed website on GetGalatea.com. They describe themselves as the world’s fastest-growing reading app. Congrats to James


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[JB Lions]

I always like to do image searches on names

galatea
https://www.google.com/search?clien...d6BD9QQBSgAegQIBxAC&biw=1536&bih=676&dpr=1.25

It's pretty much all - https://en.wikipedia.org/wiki/Galatea_(mythology)

You have some sites like - galateafineart.com

then

gala tea
https://www.google.com/search?client=firefox-b-1-d&q=gala+tea

first one is actually galateaandgifts.com

 

[JB Lions]

I guess there’s a reason that the biggest and most successful domainers don’t engage here.

Slamming them for no good reason isn't helping. Basically going at Booth and Mann in one thread. This was a good sale, your posts come off as hating, many people have made posts explaining it, you seem to skip them all over or don't address the posts directly.

 

[Jannes]

Wow. That is some expensive tea.

Galatea is an expensive gal.

 

[Yanosh]

Can anyone explain how gala and tea combined is generic? It’s not tea. It’s not gala.

If it was green tea I’d understand. How is gala related to tea? I’ll wait… oh hold on it’s a unique brand created and marketed to have its own identity.

Holy moly how people applaud infringement on established brands!

This is ransom at its finest.

Why are you splitting it in Gala + Tea !?
Galatea is a single word
Here in Europe is widely known

 

[dirk]

Lol.

Edit:
On a serious note. Nice sale!

 

[Kyle Tully]

Why are you splitting it in Gala + Tea !?
Galatea is a single word
Here in Europe is widely known

Hmmm I wonder if that explains why there are 726 companies using it in their name

No that can’t be it. There must be 725 infringers on gala tea!

 

[dirk]

Hmmm I wonder if that explains why there are 726 companies using it in their name

No that can’t be it. There must be 725 infringers on gala tea!

Even if selling tea, the brand would be gala. Tea would just be a suffix. Ridiculous.

Very generic in most part of the world.

 

[Grilled]

#SpillTheGalatea

Spoiler: Hot Tea

Spoiler: Epilepsy Warning

 

[MKA]

The price seems fair. It got me a bit curious about athena.com (Athena being the Greek goddess of wisdom, warfare, and handicraft) and apparently it hosts a cheap-looking blog, and in the footnote there's a "athena.com is not for sale." I imagine he's gotten quite a few offers.

 

[Jannes]

The price seems fair. It got me a bit curious about athena.com (Athena being the Greek goddess of wisdom, warfare, and handicraft) and apparently it hosts a cheap-looking blog, and in the footnote there's a "athena.com is not for sale." I imagine he's gotten quite a few offers.

on About page:

No, athena.com is not for sale. Really. Even if your girlfriend's name is Athena. Even if you have a cool start-up that you really can't tell me about but that would benefit from the domain. Even if you are an entrepreneur like me. No, I'm not interested in discussing why. Sorry for sounding like a jerk about it, but I get a couple of requests per week to sell the domain and I've been saying "no" for 30 years. It's not likely that I'll say "yes" to you.

And, really. Just don't ask.

reverse psychology?

 

[MKA]

on About page:

reverse psychology?

There are people that are not interested in selling their domains. I wouldn't be surprised if he said no even if you threw him an eight-figure offer.

I made a $40,000 offer (after a few lower offers) on a domain that was used for a redirect to a small business with almost no traffic, and that most people here would consider a "reg fee" domain. The owner rejected the $40,000 offer and didn't even want to negotiate. In fact I think he ended up blocking my email after I asked him what he wanted for it a few too many times.

 

[Jannes]

Yeah, actually reminds me of Michael Saylor's now well-known stance before selling voice.com for $30M:

In the recent interview with Anthony Pompliano, Co-founder of Morgan Creek Digital, Saylor shared his story about the sale, which happened sometime around June 20, 2019. According to him, the initial offer was just USD 150,000 but he didn’t get on the call with the buyers until the offer was raised up to around USD 22 million.

“Selling intangible assets like artwork, it all comes down to how much are they worth to you. So if you needed the 10 million dollars you would have taken the 10 million dollars but at this point, you know, I have 500 million dollars of cash in the bank, and I love my things, you know, maybe you can tell that I’m a little bit passionate about some of this stuff. So I would rather own it and not have the 10 million then sell it for that so I said no,” the CEO said.

“I said this is like my daughter: I’ll marry her off but only to a man that’s going to treat her better than I will treat her. So if you guys really value this, then give me the 30 million otherwise I’m keeping it,” Saylor said, adding that “the word ‘voice’ in the English language is worth a hundred million.”

https://cryptonews.com/news/from-usd-150k-to-30m-how-microstrategy-ceo-sold-voice-com-to-7742.htm

edit: never mind

 

[Future Sensors]

reverse psychology?

Crypto.com had a similar message, but the owner sold the domain eventually.

 

[MKA]

Crypto.com had a similar message, but the owner sold the domain eventually.

It's always difficult to say, because even though you may not want to sell the domain, when that eight-figure offer hits the table you're going to take a moment to reconsider.

 

[Acroplex]

Gala (γάλα) is Greek for milk. The galaxy (γαλαξίας) is the depiction of milk droplets spread across the sky. It's how the ancient Greeks perceived the world in their mythology.

While extremely rare as a first name, I went to school with a girl name Galatea (Γαλάτεια) which also means the alternate spelling of Galateia is possible (e+i equals "ee" in Greek; so does o+i together.)

That being said, a generic term such as Galatea's name might become a trademark. It is very hard, however, to establish a case in a UDRP where the term involved originates as a generic. It's necessary for the brand to have acquired a secondary meaning and this happens after years in existence and widespread recognition.

Back to the sale; I'm seeing a quick flip as the domain wasn't owned by James until past March 1st. So James must have gone in and gone out based on some insider info. Publishing the selling price means that the buyer didn't care about an NDA.

 

[NameGroove]

you cannot be serious. This is nothing about Gala and Tea The name Galatea comes from Greek Mythology. With it's own Wikipedia page https://en.wikipedia.org/wiki/Galatea_(mythology)

Secondly you believe that if someone registered a domain name in 1995 that if 25 years later someone named their business that, they get the name for free. They just send an email and say "Hey I know you owned this name before I was born, but I just named my Startup this and fully registered as a business, you now need to give me this name?"

Agree 100%. Someone cannot just come later and say now I own the word - even for people using it before I started. that is what Meta (Facebook) is trying to do with the word Meta and it is wrong. I disagree with keith 100%

 

[NameGroove]

The price seems fair. It got me a bit curious about athena.com (Athena being the Greek goddess of wisdom, warfare, and handicraft) and apparently it hosts a cheap-looking blog, and in the footnote there's a "athena.com is not for sale." I imagine he's gotten quite a few offers.

I think the price is outrageous (but hey, kudos to the seller!). I never even heard of the term galatea prior to this sale. And this branding is such that it's worth this amount? Crazy talk. Could've bought a LLLL word for less.

 

[Kyle Tully]

I think the price is outrageous (but hey, kudos to the seller!). I never even heard of the term galatea prior to this sale.

And yet in other parts of the world it’s a very common term with hundreds of businesses branding themselves around it.

It’s almost as if domain name valuations don’t revolve around you.

 

[Acroplex]

Galatea is surprisingly taken in at least 105 TLDs but I would not call it common. Odd eh?
BTW it's pronounced "yah-LAH-tee-ah" in Greek, not "gah-LAY-she-ah"

 

[rh2000]

Back to the sale; I'm seeing a quick flip as the domain wasn't owned by James until past March 1st. So James must have gone in and gone out based on some insider info. Publishing the selling price means that the buyer didn't care about an NDA.

Wow. If he just got the domain this past March and sold it this quick, he definitely had some insider information. Or he is one lucky man.