sales Mike Mann sells LightRock.com for $94,888

[equity78]

Mike Mann tweeted he sold LightRock.com for $94,888

https://twitter.com/x/status/1318588051124269057

 

[Michael Ehrhardt]

Hard to believe
But congrats

 

[Amar D]

Sometimes I'm thinking that he's not telling the truth. Maybe I'm wrong.

 

[DomainBarracksRob]

Hard to believe
But congrats

He also reported it on LindedIN this morning

domain is "pending transfer"

nothing to doubt here.

 

[DomainBarracksRob]

Sometimes I'm thinking that he's not telling the truth. Maybe I'm wrong.

You can not maintain a portfolio his size and not make sales of this figure.

 

[DomainBarracksRob]

Mike Mann tweeted he sold LightRock.com for $94,888

https://twitter.com/x/status/1318588051124269057

Hard to believe
But congrats

Sometimes I'm thinking that he's not telling the truth. Maybe I'm wrong.

Just add "power" .com to the end of this name and it seems like a good Upgrade if you ask me

If I had to guess :

https://www.lightrockpower.com/usa/ Price seems perfect.

 

[MASebastian]

Interesting. Why 94,888 ?

 

[pb]

Interesting. Why 94,888 ?

Lucky number. https://en.wikipedia.org/wiki/888_(number)#Symbology_and_numerology

 

[sputnik7]

Lucky number with lucky domain name (dn is nice but...) = bingo
It could be true. Why not?
Quote Samuel...“The harder I work, the luckier I get.”
Mike Mann is hard worker.

 

[AEProgram]

we should all be happy to see this, its only a matter of time before domains get to join the crazy explosion in asset valuations going on now.

 

[Josytal]

From the whois record, noticed one curious fact:
Domain Creation Date: 2001-01-24T11:41:55Z

It's now 2020. 19 years of cumulative waiting period for this mouth-watering sales to have happened.

 

[MASebastian]

How many of you would accepted 5k ? or 10k ? or maybe 25k ?

 

[Alessandro Couteau]

$94,888 - domainers who have done business in China know why any name would sell at that price ... But I am confused, are the Chinese still buying domains or did Mike Mann legitimately persuade someone to pay that exact amount ... even after escrow fees, it would be a different figure altogether

I would be very cautious to assume this is a genuine sale, looks like something else

 

[xcloud123]

great deal!

 

[Samer]

@Mike Mann

Not giving up!

Congrats!

Samer

 

[LUP]

I don't believe it
doesn't make sense

 

[Bob Hawkes]

$94,888 - domainers who have done business in China know why any name would sell at that price ... But I am confused, are the Chinese still buying domains or did Mike Mann legitimately persuade someone to pay that exact amount ... even after escrow fees, it would be a different figure altogether

It might be a Chinese buyer, but DomainMarket, other than the $1 million and $2 million names, tends to price almost all of them ending in 888. The reported figure would be what buyer paid, not after any fees like Escrow, I think. I had always assumed that DomainMarket just handled transactions themselves, not going through third party escrow. Not sure.

There are a number of companies in different sectors using the Light Rock name (venture capital, real estate, construction, digital, and a couple not obvious). Would also be perfect for a light rock radio station.

In any case, a really fine price. Does anyone know if he mentioned if it was BIN at that price, or was a negotiated deal?

Bob

 

[AEProgram]

$94,888 - domainers who have done business in China know why any name would sell at that price ... But I am confused, are the Chinese still buying domains or did Mike Mann legitimately persuade someone to pay that exact amount ... even after escrow fees, it would be a different figure altogether

I would be very cautious to assume this is a genuine sale, looks like something else

Bitcoin is up over 1,000 dollars in 24 hours, its up $8,000 in the past 18 months

Gold is up about $500 is a year

Stocks unrelated to the pandemic (or loosely related) are going bonkers.

Pinterest up 100% in 3 months

Fiverr from $25 in march to $177 (yesterday)

Twitter 100% in less than year

SnapChat 200% in less than year

Home prices and even used car prices are going up and up.

Used Rolex watch prices are in a bubble, so is art etc.

Every asset class is in territories that logically makes no sense at all. It always starts the same, people in that asset class that have been in it for years think a few sales is just some random spike, maybe a fat finger trader, and soon they realize its not a fluke, at least for a while it will explode higher. It does not make something not a bubble, it just means that if you happen to know what you are doing, you could make money from irrational buyers.

I predict in the next few months we will see many domain sales that will make us wonder why? Is it legit?

Governments have pumped trillions of dollars in stimulus and into markets during this pandemic. You always have inflationary reactions to easy money.

When you have people making so much money easily, 100k 500k is not money to them, it is to us.

 

[Bname.com]

Very good asking price

 

[Alessandro Couteau]

Bitcoin is up over 1,000 dollars in 24 hours, its up $8,000 in the past 18 months

Gold is up about $500 is a year

Stocks unrelated to the pandemic (or loosely related) are going bonkers.

Pinterest up 100% in 3 months

Fiverr from $25 in march to $177 (yesterday)

Twitter 100% in less than year

SnapChat 200% in less than year

Home prices and even used car prices are going up and up.

Used Rolex watch prices are in a bubble, so is art etc.

Every asset class is in territories that logically makes no sense at all. It always starts the same, people in that asset class that have been in it for years think a few sales is just some random spike, maybe a fat finger trader, and soon they realize its not a fluke, at least for a while it will explode higher. It does not make something not a bubble, it just means that if you happen to know what you are doing, you could make money from irrational buyers.

I predict in the next few months we will see many domain sales that will make us wonder why? Is it legit?

Governments have pumped trillions of dollars in stimulus and into markets during this pandemic. You always have inflationary reactions to easy money.

When you have people making so much money easily, 100k 500k is not money to them, it is to us.

Trust me when I say I’ve been there and done that and I am well aware of value appreciation on certain investments

I can tell you I had the opportunity to represent all of Mike Manns portfolio once upon a time, I knew someone who was genuinely interested in his entire portfolio, but he would not sign a contract when I was a broker at that time ... he told me he wanted $100M and he was not willing to sign a simple contract

Now I have learned to take everything that is reported with a grain of salt, I however am also aware there are some sales that occur that do blow minds, I mean I sold sicily.properties one month ago for $1,200 - a name my partner and I registered in 2014 ... so I understand value appreciation very well,

I just do not view all the domain news as genuine, especially Mike Mann news, he is notorious for selling the most idiotic names for loads of money, a good example of this is the name, TruckCrashLaw.com which he apparently sold for $9000 ... I don’t know, just does not seem authentic to me