NP member's sale to BuyDomains/NameMedia grabs headlines; NP cited as source

[fonzie_007]

This article was originally posted by NP member Fundraiser:

Internet domain-name speculator Christian Zouzas recently pocketed a hefty profit by flipping several hundred of his cyberspace properties.

Zouzas, a Chelmsford-based real estate attorney who dabbles in virtual properties on the side, last month sold about 800 of his three-letter dot-us domain names to NameMedia Inc., a Waltham-based company that controls more than 2 million domain names.

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Click here for the full article

 

[copper]

Nice deal.
But, I doubt seller got "$500,000 to $1.5 million" as mentioned in article.
You are talking about $1,250 to $1,875 per domain.
Individual domain to enduser, maybe.
No way in bulk deal.

Who agree around 10% is more likely?

 

[bricio]

thanks for sharing!!!
i remember when i read here buydomains bought these names

what i found interesting is the fact boston business journal used the expression "cyberspace properties" to refer to domains

 

[fonzie_007]

Nice deal.
But, I doubt seller got "$500,000 to $1.5 million" as mentioned in article.
You are talking about $1,250 to $1,875 per domain.
Individual domain to enduser, maybe.
No way in bulk deal.

Who agree around 10% is more likely?

I would agree. I do not believe Zouzas made $800k+ on this deal, but if he did, good for him!

 

[Zona]

GREAT publicity for .US but there is no way this was $500K - $1.5M US$ transaction.

I would suggest that it was significantly less than $100K and probably less than $50K.

When you consider 5 year of regisration fes at $7.00 per year (?) that would be $35 in registration fees alone. After taxes on this sale and the registration fees, I am guessing Zouzas' return on this investment was smaller than a lot of people would expect.

 

[copper]

Yup!
$35/domain for 5 years x 800 domains = $28,000
$28K for reg. fee alone

 

[Zona]

BTW how about some love from Fonzie? He publishes the LLL.US ownership reports but NamePros gets the credit in the article.

I actually wish the article had said, "According to NamePros member fonzie 007 . . ." Of course that would never happend.

Great work Fonzie for .US and NamePros.

 

[fonzie_007]

BTW how about some love from Fonzie? He publishes the LLL.US ownership reports but NamePros gets the credit in the article.

I actually wish the article had said, "According to NamePros member fonzie 007 . . ." Of course that would never happend.

Great work Fonzie for .US and NamePros.

Thanks Zona. It's just funny to see someone thinks I'm somehow a credible authority... I wonder what the heck they are thinking?

 

[copper]

I think it's your Avatar.
One of the coolest character on TV.

 

[Charley]

Although Zouzas, 46, would not disclose the value of the deal, Web experts pegged the value of some three-letter, dot-us names -- which are likened to beachfront property in the virtual world because they can serve as acronyms for businesses, similar to the more popular dot-com Web protocol -- at a value of $1,000 to $2,000 per name.

The only names at that range IMO would be dictionary words like

fly.us
bid.us
bed.us

 

[duceman]

I almost pulled the trigger on Patrick's package of LLL.us but passed. Things are getting pretty tight these day's and liquidity is a must.

I'm sure I'll look back in 24 months and be pissed at myself for not buying. Wasn't it only like 24 months ago that they were being dumped at the Bazaar for $9?

 

[Ronald Regging]

I really doubt that NameMedia/BuyDomains paid him anywhere near that much. They are notorious for offering only $25 for LLL.coms. Let alone paying 20x market value or more per name...

Ahh well, its good publicity at least I guess.