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Rick Schwartz tweets that Ass.com is under contract for $6m + Royalties

Labeled as domains in Domain Industry News, started by equity78, Jun 23, 2021

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  1. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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    Rick Schwartz just tweeted out that he has a deal for Ass.com at $6 million plus royalties. He mentioned that he cannot yet say how the domain name will be used. Congrats to Rick on another big deal. Recently Rick won greatest domain investor of all time here and on Namepros. … [Read more...]
     
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  2. AEProgram

    AEProgram Top Contributor VIP Blue Account

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    Someone took out a contract on his ass.com, this is probably the only time this can be said in a positive way. I am guessing a donkey breeder purchased it.
     
    Last edited: Jun 23, 2021
  3. griff

    griff Top Contributor VIP

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    has to be $ASS token as he mentioned Ethereum in another tweet the other day.

    $ASS stands for Australian Sea Shepherd, of course.
     
    Last edited: Jun 23, 2021
  4. Samer

    Samer Top Contributor VIP

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    @Rick Schwartz you are the domainking and a role model. The industry’s best role model imo

    Samer
     
    Last edited: Jun 23, 2021
  5. Magul

    Magul White Bread is Head VIP ★★★★★★★★★★

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  6. Daniel Owens

    Daniel Owens Top Contributor VIP Gold Account

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    Went too cheap a 3L .com dictionary word for only $6,000,000 USD that is way too little should have went for at least $15,000,000. It's really nice someone got a steal at 6-mil.
     
  7. Magul

    Magul White Bread is Head VIP ★★★★★★★★★★

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    $6m too little?

    This is accidental sale, in my view
     
  8. The Durfer

    The Durfer Top Contributor VIP Gold Account

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    this price is a good price for seller and buyer. congratulations! Wonder if it will be about donkeys? hmmm.
     
  9. YairDD

    YairDD I'm cool, I think? VIP

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    He has a few of these sales, I wouldn't call them an accident.
     
  10. Magul

    Magul White Bread is Head VIP ★★★★★★★★★★

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    Some of them I do, and this is one of them.
     
  11. The Durfer

    The Durfer Top Contributor VIP Gold Account

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    he needs to set up a charity for needy domainers, that would be a good base for it, and donate the interest on it periodically. hmmm.
     
  12. Magul

    Magul White Bread is Head VIP ★★★★★★★★★★

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    What are you hoping for? He is scooping roofs from under people heads.
     
  13. The Durfer

    The Durfer Top Contributor VIP Gold Account

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    just saying give alittle back to the industry. oh well. :)
     
  14. The Durfer

    The Durfer Top Contributor VIP Gold Account

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    simple mutual fund to hold the funds at 7.5% interest annually comes to $450000 a year off of $6mm

    then a contest to promote domaining with 1st thru 10th place awards.
     
    Last edited: Jun 23, 2021
  15. lambo.com

    lambo.com 445.com VIP

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    Love this take
     
  16. Mister Funsky

    Mister Funsky Top Contributor VIP

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    The 'plus royalties' is where the big, long run return will be...this isn't Rick's first rodeo.
     
  17. jexi

    jexi Established Member

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    Exactly, if you look at the sale price, it may come as undervalued, but I'm sure Rick does make those royalties worth a lot more than initial sales price.
     
  18. eyedomainous

    eyedomainous Top Contributor VIP ★★★★★★★★★★

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    "Plus royalties" in this case, could literally mean... a piece of ass, on the reg.
     
  19. NickB

    NickB it's a mystery VIP

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    Makes me laugh when people flippantly say he undersold it for 6 million....this would make it the 13th highest reported sale of all time and take another look at the name 🙄 ( though I presume sex sells?)

    Nearly everyone would take that offer, you're full of BS if you say otherwise...a lot would of sold for much less (me included)

    Also most people would not or could not negotiate for royalty payments.....

    Anyway.....very nice deal....
     
    Last edited: Jun 23, 2021
  20. Ariff BD

    Ariff BD Restricted (15-30%)

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    How much he might have invested for ass.com?
     
  21. CraigD

    CraigD Top Contributor VIP

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  22. Magul

    Magul White Bread is Head VIP ★★★★★★★★★★

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    This sale will not elevate his standard of living because... one you get a second home your judgement becomes clouded. Yes, common wisdom from Mother Russia. He became a victim of his own success.

    If you want to thank me, go eat white bread.
     
  23. Magul

    Magul White Bread is Head VIP ★★★★★★★★★★

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    Blah, if apple use this derogatory domain, their sales will head towards zero.
     
  24. griff

    griff Top Contributor VIP

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    not at all. only a frothy crypto memecoin like $ASS (assfinance.com) would have ever paid 7 figures for a name like this, would have remained unsold for a lifetime otherwise.

    all the stars aligned for this sale to happen, although only someone like Rick could have pushed it so far over the top at 6m + royalties.
     
    Last edited: Jun 24, 2021
  25. arjun29

    arjun29 Top Contributor VIP

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    Booty services where insta models will pour their money. Ass Enhance. (Typical surgery costs around 2-5k)
     
    Last edited: Jun 24, 2021

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