new gTLD New gTLD domain Token.xyz sold for $15,000

[Premiums]

token.xyz sold for $15k
https://twitter.com/andrewrosener/status/1032000063260827649
.xyz - crappiest of new Gs..
i cant believe..

 

[Keith]

token.xyz sold for $15k
https://twitter.com/andrewrosener/status/1032000063260827649
.xyz - crappiest of new Gs..
i cant believe..

I sold token.tv for $18,500 so it’s not far fetched. Token is superior to coin imo and should be valued accordingly.

 

[DNGear]

I was the one who sold it to andrew

Congrats @MediaOptions

 

[bmugford]

Random sales happen all the time. I could see Token.xyz selling for $15K but then 10,000 similar quality .XYZ never getting a single offer.

Brad

 

[NYJimbo]

Mind boggling. You can go to ExpiredDomains and find tons of good looking .xyz domains, many with names that would be "liquid" as .com's, but I wont touch them because everyone seems to be dumping them.

Every time I see a sales report like this I just want to go grab 100 of them, but I know if I did, they would never sell.

 

[Hootsifer]

I don't think token is superior but it's definitely high value. Awesome sale though Keith.

 

[Bob Hawkes]

I see this sale as important partly because a highly respected and well known domain name investor and personality who handled the sale (done through Sedo). I think this will help give .xyz in particular, and the ngTLDs generally, a bit of much needed respect.

I think we should not overstate how unusual this sale is, however, and would point out that:

1. It ranks as the 33rd highest sale of ngTLDs on NameBio so far in 2018.
2. It ranks as the 6th highest sale of ngTLDs on NameBio in last month.
3. It ranks as the 23rd highest sale (all time) in the .xyz extension (although most higher are short several character names)
4. The average price for the 482 NameBio recorded .xyz sales all time is $3543. So yes, $15k is high but not unduly so.
5. While it is the highest sale of the 44 new extension sales (in 23 different extensions and on at least 7 different sales venues) on NameBio during the last week, there are other similar value sales this week including xyz_top for $10,910, caijing_top for $10,183 and bot_app for $9999 among others.
6. It is the highest sale of an .xyz this year, however (previous high was at $4990).

It is a great name and a great sale, and congratulations to the buyer and seller. We just should not overstate how unusual it is. Have a good day everyone!

 

[Kate]

Probably doesn't mean anything for .xyz holders and won't help their bottom line.
Flukes will happen in pretty much any extension.

 

[DeliDomains]

Who says Luck! does not play a role here. A great sale with a dumped ngtld
You can have a folio with premiums, doing outbound, and promoting but no sales.
Then you hear about a sale like this which makes u go @#$%^&

 

[alcy]

well.. this doesn't say much about extension at all. its still not so great.

token is a special keyword for current trends etc.. we all know this.

its fun to reg a few xyz for $1 promo now and then.. I regged cryptowatch today.. and had couple low offers XX on my cryptoshop .. but I do it just for fun and sometimes boredom.. not because I have great hopes for a sale on xyz...

if u wanna be getting them good words in xyz.. then they usually come with big reg fees.. I don't remember if they cost same to renew or not.. but I think so.. so even worse there.

speaking of which.. anyone knows what it cost the guy to reg token..xyz and renew it each year?

cheers

 

[Kate]

To me a fluke might be an appropriate label if it was the first sale in the extension (but it is 23rd highest), or if it was the only sale (but there are 482 .xyz sales)

Out of millions of regs...
I said fluke because there are not many sales that are noteworthy. The odds that somebody is going to sell a .xyz in that range are obviously very slim. Domainers are hoping that just because it happened to someone, it will happen to them one day.

 

[bmugford]

Honestly, it is amazing 4+ years after new extensions launched a relatively modest $15K sale gets this much attention. I think that says a lot about how much of an outlier decent new gTLD sales are.

Brad

 

[keston57]

Domain trading is an unpredictable business

 

[kam]

token.xyz sold for $15k
https://twitter.com/andrewrosener/status/1032000063260827649
.xyz - crappiest of new Gs..
i cant believe..

Andrew is the CEO of mediaoptions. He did a really good job to promote his domain to the enduser.

 

[JB Lions]

Not wanting to provoke a debate @Kate but I am genuinely perplexed by your post implying Andrew's sale of token in xyz is a fluke. Could you please elaborate a bit what you mean?

To me a fluke might be an appropriate label if it was the first sale in the extension (but it is 23rd highest), or if it was the only sale (but there are 482 .xyz sales) or that it is way out of line with other sales (but it is less than 5x the average .xyz sales price, although about 3x the next price this year). It is certainly not the only major sale by Andrew Rosenor, far from it.

What do you mean by fluke? (I actually looked up definition in case I misunderstood the word)

fluke: noun unlikely chance occurrence, especially a surprising piece of luck.​

It's the first reported sale over $10,000 in almost 2 1/2 years.
https://namebio.com/?s==YDMzQzM0gTM

There is only 1 token.xyz.

Sometimes it's as simple as 1 person/company in the world wanting that 1 domain. A lot of times people see stuff like this and think this makes their domains worth more. Not usually, because they don't have token.xyz.
----------
Just to use another example, the home.loans sale for $500,000.

1 person in the world vastly overpaid for a domain, that's all it was. Look at the other reported sales - https://namebio.com/?s==UzNzQzM0gTM

Next highest is $7,500 and only 5 reported sales.

Too many people get hyped off of just 1 sale.

 

[alcy]

great sale
looks like its non premium reg renew too

 

[Bob Hawkes]

Not wanting to provoke a debate @Kate but I am genuinely perplexed by your post implying Andrew's sale of token in xyz is a fluke. Could you please elaborate a bit what you mean?

To me a fluke might be an appropriate label if it was the first sale in the extension (but it is 23rd highest), or if it was the only sale (but there are 482 .xyz sales) or that it is way out of line with other sales (but it is less than 5x the average .xyz sales price, although about 3x the next price this year). It is certainly not the only major sale by Andrew Rosenor, far from it.

What do you mean by fluke? (I actually looked up definition in case I misunderstood the word)

fluke: noun unlikely chance occurrence, especially a surprising piece of luck.​

 

[Bob Hawkes]

@JB Lions Thanks for your well supported response!

I agree that if you view the question as "have xyz domain names recently sold for similar amounts" this sale might be regarded as unusual (but not if the question is have xyz sold for similar or have ngTLD recently sold for similar). The closest recent comparator is jungle that sold in xyz for $7000 last November. I regard that sale as helping justify this price, it seems to me token is worth at least twice as much.

I also totally agree that this does not mean that any old xyz word will sell for big amounts, or at all, and that token is a great word. In some ways this week's other .xyz sale, that probably most will overlook, of jobs in xyz for $1000 is more typical than this one (and the lower ones if you go back a few months).

Feeling agreeable, I also accept your point that if one person/company badly wants a name that can mean a huge price that without that buyer probably would not have happened. It is the same whether christian(.)com, home(.)loans or a thousand other examples. I would have thought that token is not in that category though, as supposedly many would want that name in some extension, and with the Alphabet use and low abuse and generic nature .xyz has some things going for it.

 

[Bob Hawkes]

Out of millions of regs...
I said fluke because there are not many sales that are noteworthy. The odds that somebody is going to sell a .xyz in that range are obviously very slim. Domainers are hoping that just because it happened to someone, it will happen to them one day.

Thanks @Kate.

I agree entirely!

The odds of a $15,000 .com domain sale (over all dates) is about 1 for every 14,600 registrations
(NameBio only, so multiply by the correction factor you think total sales are more than NameBio recorded).

For .xyz the similar numbers produce a ratio of 1 for every 91,000 registrations. So both pretty rare, but xyz even more rare!

I would not call it a fluke, though. Simply a great word is only rarely available, and even more rarely has a buyer who wants that word enough to pay a premium price, and a marketplace or broker bring the two together. That is true for all extensions.

 

[Bob Hawkes]

I wondered how much token sold for in exact singular word before. It does not have a NameBio recorded com sale, and sold in net or only $1250 but that was prior to the crypto/blockchain popular era so not very relevant.

• token sold for $21,275 in .tv
• the name sold for $11,425 in the ngTLD .sale
• token in .pro sold for $4996

Looking at these, it strikes me that the $15k for token in .xyz is about right.

(of course the plural tokens sold in com for $500,000)

 

[Keith]

• token sold for $21,275 in .tv

That sounds correct when you factor in brokerage fees but where did you see the sale reported? I sold it so I’m curious...​

 

[Bob Hawkes]

That sounds correct when you factor in brokerage fees but where did you see the sale reported? I sold it so I’m curious...​

NameBio search on exact word token. Btw congrats on great sale!

 

[Keith]

NameBio search on exact word token. Btw congrats on great sale!

Cool. I’ve never bothered to think what would be considered the final sales price. Is it the sellers net or what the buyer paid all in with fees?

 

[garptrader]

While big sales garner a bit of discussion, one has to be careful about reading too much into them. Median sales and their frequency of occurrence in an extension by type (one-word or LLL or NNN etc) are better indicators of future prospects than placing any significance to an outlier sale where one could even question the logic of the buyer (seller won the lottery).

Within any profession (medicine, law, IT, engineering, accounting, sales, etc) there will be those who earn well above the median of those in their field. Just because the CFO of Google makes $xxxxxx does not mean I can expect similar compensation. However I can look at salary surveys for those with similar titles to gauge what might be reasonable (even then most open positions seem to pay below those averages).

Token is a nice keyword for a crypto site. .XYZ imo is one of the worst choices one can make to brand a business.

 

[kriss05]

Good domain, good price, long life ngtlds.