Lol, whilst I'm not defending
.xyz - It's not one that I've invest much it..I think I have 2 .xyz domains in total... none the less I do not think they are simply junk as you put it.. ..but your entire logic is flawed drastically if you seriously concluding that like if
Shoes.com is the most valuable
.com then
shoes.xyz is one of the most valuable
.xyz domains..
Based on your logic then shoes would be one of the most valuble .info / .me / .tv domain as well?
shoes.me
1,049 USD 2011-12-14 Sedo
shoes.info
3,100 USD 2011-03-18 Sedo
shoes.tv
18,000 USD 2010-06-04 Sedo
But in actual fact the highest valued .info /.me / .tv domains were:
.info:
travel.info
116,000 USD 2007-07-31 Sedo
car.info
76,000 USD 2015-03-23 Sedo
newyork.info
70,000 USD 2007-07-31 Private
.Me
meet.me
450,000 USD 2011-11-23 Private
buy.me
148,350 USD 2012-10-10 Sedo
interest.me
80,000 USD 2012-05-30 Sedo
.TV
usa.tv
125,000 USD 2016-01-03 Donnied79
business.tv
100,999 USD 2010-05-06 Sedo
free.tv
100,000 USD 2003-02-01 Private
MYTH = BUSTED
I think what he was alluding to is when you see a .com sale that is in the several million dollars, sometimes you get small ripple sales by investors or news watchers who chase a story.
Since George K discovered this tidbit of info, the news is not really mainstream media.
Shoeme bankruptcy was well reported, and followup stories may lead to more reporting as everyone loves a good Walmart story.
The real story is walmart and Amazon going to war, which will be fun to watch.
People gamble out there, we see it everyday, the owner of the .xyz has a grand into it, and a $9M comp to sell their story.
Essentially we are all just selling a story to buyers. To be honest I have been down on gtlds as of late with all the fee increases, but I think the buyer who acquired it at namescon auction will make money at their $1k purchase price.
I know what .xyz has done with their 1 cent promos, I even got all these free .xyz at network solutions I didn't want, but you have to give Negari credit, he created buzz from nothing, and I wouldn't bet against him. Actually I have no idea what happens to these 1 cent regs when they come for renewal, but they always seem to pull something off.
Some domains sell for traffic, some for keyword makeup, others sell based on hype, and trend, don't be closed minded in this industry you will lose.
2 years ago we all could have grabbed one word .io, many of us thought it was insane, but that market took off, and there was an opportunity to really trade some good deals there, even if you thought the extension was garbage.