VV said:
I really don't think you can classify it as overpriced. The buyer obviously got the exact name they wanted at a price they were willing to pay. So I think the price was right.
The buyer didn't want a 3 letter domain with "better letters" because UFU is apparently the acronym for something they are going to develop.
Maybe I should have left out the word overpriced, but in most markets what one person will pay for an item can be very different from its fair price.
The cost of replacing a domain with one of a similar quality must be at least some sort of guide as to its fair price.
The domainer is allowed some markup, but surely not the huge multiples that are often demanded.
Normally, sellers of goods deserve a markup because they add value, such as shipping goods to the high street.
Most retailers would be happy with a low multiple of trade price. Yet, domainers usually ask for huge multiples of what they would pay themselves, even though they have added no value.
If a buyer wants a particular 3 letter .eu domain, and points out to the seller that good 3 letter domains can be acquired for $1k, then in my opinion the seller should have no right to ask for more than $1-2k.
Having said that, if the buyer does not negotiate sensibly, and is happy to pay a higher price, then I would not begrudge the seller a somewhat larger profit.
