Rick Schwartz sells portfolio of 10 NNN(.)com domains

Discussion in 'Domain Industry News' started by Bros, Nov 14, 2017 at 1:14 PM.

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  1. Bros

    Bros Active Member VIP

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    Saw this on OnlineDomain.com - Massive congrats to Rick. Pretty amazing return on that initial investment:

    "Rick Schwartz, aka the Domain King, announced in a tweet today that he has sold his entire portfolio of 10 NNN.com domains.

    Rick did not disclose the price that the domains were sold but did say that the domains would take 10 spots high on the DNJournal’s top sales of 2017.

    I would expect the price to be somewhere between $1.5M and $2.5M for the package.

    The domains were purchased back in 1997/1998 for $700.

    The deal was brokered by TopNames.

    This was the tweet today:

    “Happy 2 report I’ve sold my entire portfolio of 10 NNN(.)com #Domains purchased in 1997/1998 for $700. Tho I can’t share pricing, I can say it would’ve swallowed up 10 spots high on @DNJournal’s top sales of 2017. Thanks to @topnames 4 brokering this multi-million-dollar deal!”"

    https://onlinedomain.com/2017/11/14...k-schwartz-sells-portfolio-10-nnn-com-domains

    What do you think the total sale price was?
     
    Last edited: Nov 14, 2017 at 1:16 PM
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Brand Consultants

    Brand Consultants Business Member Business Account

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    “Multi-Million” - Safe to assume over 2 mil.
     
  3. Shuttlepro

    Shuttlepro Supportive Member NamePros Supporter

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    Easily 2.5 - 4 Mil congrats.
     
  4. Brand Consultants

    Brand Consultants Business Member Business Account

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  5. Domain-Reseller

    Domain-Reseller Established Member

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    Doh! I remember when I purchased NNN.com (without 4, all good numbers) for $10k and for the few months I was not able to sell it with profit! Finally I sold it for the same $10k! How fast Chinese changed that market prices!
     
  6. DomainNameBroker.com

    DomainNameBroker.com Domain Name Broker, LLC VIP

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    Hello.

    Thank you for reporting.

    We highly doubt this information.

    Kind regards,

    DomainNameBroker.com
     
  7. slader23

    slader23 Active Member VIP

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    969.com is probably the best name on that list, great package sale!
     
  8. urlurl

    urlurl Active Member VIP

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  9. Loxline

    Loxline Established Member

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    All things being equal? Each LLL has an equal "opportunity", only. Your's LLL vs my LLL is not the same thing. So knowing what works and what doesn't is critical.

    Regards
     
    Last edited: Nov 14, 2017 at 8:05 PM
  10. strugar

    strugar Established Member

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    Don't do it, please, Rick Shwartz and TopNames will be highly upset when they see your post.
     
  11. dordomai

    dordomai Active Member VIP

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    why?
     
  12. 1Darko

    1Darko Established Member

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  13. Bros

    Bros Active Member VIP

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    According to some tweets by Rick the sale price appears to be over $5 million. Not bad making that type of money when you are "retired" :)
     
  14. platey

    platey Active Member VIP

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    What part of the original post do you doubt?

    I having seen the same tweet from Rick's twitter account?
     
  15. creataweb

    creataweb Top Member VIP ★★★★★★★★★★

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    He's just a jealous troll. Nothing more.
     
  16. platey

    platey Active Member VIP

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    Thats more like the price range they would have sold for
     
  17. Registry Services

    Registry Services Established Member

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    I've followed Rick on Twitter for some time and he's always struck me as a man of integrity and TopNames has a strong reputation in the industry - I can't see either risking their reputations on a fake story.
     
  18. Smiles76

    Smiles76 Established Member

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    I totally agree. I'm not buying this story. Only a fool would pay that type of money for those crappy NNN.com domains. It wasn't like he was selling 123.com
     
  19. creataweb

    creataweb Top Member VIP ★★★★★★★★★★

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  20. sbweb

    sbweb Active Member VIP ★★★★★★★★★★

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    To all you haters and doubters,

    Rick is the last person who needs to create fake domain sales stories. He is the "Domain King" and he has a long track record of high value domain sales to prove it. And Rick would've been called out long time ago had he ever done anything shady.
     
    Last edited: Nov 17, 2017 at 2:38 PM
  21. creataweb

    creataweb Top Member VIP ★★★★★★★★★★

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  22. Josytal

    Josytal Established Member

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    It's fine to doubt, but certainly not enough to be considered intelligent.
    Can you furnish us with counter information at your disposal?
     
  23. stewmath

    stewmath Established Member ★★★★★★★★★★

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    Nice. Got to be fun being a domain millionaire
     

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