discuss Many Appraisal Sites Get Their Evaluation Quite Wrong !!!

[blue crystal]

Why most of the appraisal sites fail badly on estimating the value of domain names or when “they get it right” is by cheating ? For instance, on many occasions, godaddy estimates a domain value as being ABOVE $ 25,000. But then $ 1,000,000,000 and zillions of other figures or even $ infinite is “ABOVE $ 25,000”. So this type of appraisal is useless. I took a list of about 500 top domain names sold with the highest prices and tested in the Godaddy appraisal service. It got enormously wrong most of them and it “cheated” on the remaining by saying that their value was “above $ 25,000”.

Just to mention an example: the domain name “myworld.com” was appraised by godaddy with the value of $ 24,831 when in reality, it was sold for $1,200,000.
So, Godaddy appraised it as being almost 1 / 50 of the real value !!!
In the range of low price domain names, godaddy seems to err, on many occasions, upwards. Let's say a domain name is sold for $ 200 while it was estimated as “$ 800”.
Some other appraisal sites are even worse.
What is your opinion ?

 

[Lewstar]

One thing l’ve noticed is GoDaddy appraisals are NEVER over $1500 if a domain name is available.

The appraisals are over $1500 only if the domain name is not only taken but listed on GoDaddy, and GD adds whatever the owner is asking to its appraisal estimate—which sometimes leads to ridiculously high appraisals because the owner is asking for a ridiculous amount of money on GoDaddy for his or her domain name.

 

[DotKing]

One thing l’ve noticed is GoDaddy appraisals are NEVER over $1500 if a domain name is available.

hmm...not so sure about that...took me few seconds for this $2k crap: