IMO newark.tv for $500 is relatively cheap.
These are the reasons (all in my opinion of course):
- Has an airport (I once flew on newark airport).
- Like already mentioned, there is no .com competitor.
- Over 33 million searches in Google with plenty of Google ads on the name 'newark' alone (at least here in Europe).
- The ads are mainly car rental, flight tickets and hotels. Those are nice paying ads probably aminly based on the fact that the airport handled over 33 million passengers in 2005, compared to the 41 million passengers for the well known JFK airport in 2005, that's quite high.
- Normal reg fee, this name could be a $250 reg fee name without any problem.
- If you compare it with another recent sale, detroit.tv, of which we all agree that the price of $1,660 was a bargain:
* Google searches 102 million for detroit compared to 33,6 million for newark.
* Overture results 88,221 for detroit compared to 40,343 for newark.
If detroit.tv is a bargain for $1,660 then newark.tv is relatively at least the same bargain for $500, not even 1/3 of the detroit price.
Also, think about this, the guy who sold the name had regged it 17 January 2003, so he has paid reg fee for 4 years, that is around $140 (think the reg fee was around $35 for most registrars last year). To make a profit of $360 in 4 years time, keeping in mind that .tv is now much more promissing then in those days, is not really much.
Last reason why this is a good buy, if you regret the purchase, you can always sell it to me for $500, no kidding here
BTW with developing it might be a good idea to add some airport information to the site as I think the airport is a huge benefit to the name.
Good luck, John.