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Wales.com worth £3,000,000? Acquired for £100,000

Labeled as domains in Domain Industry News, started by equity78, Jan 14, 2021

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  1. equity78

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

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    North.Wales published an article about Wales.com. The purchase price and what one domain broker estimated today’s value at. From the article: A Freedom of Information request has revealed a Welsh Government official with foresight managed to acquire the Wales.com domain name for £100,000 back in 2008 – a domain one expert has said now could […]

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  2. Samer

    Samer Top Contributor VIP

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    I know a guy with Wales.org. should be up running soon.

    This should be music to his ears :xf.grin: @NickB
     
    Last edited: Jan 14, 2021
  3. NickB

    NickB Wales.org VIP

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    They got it for a great price......

    Also thanks for the shout out guys :xf.smile:

    I have been saying it for a while now though.......coming soon (I promise!)
     
    Last edited: Jan 14, 2021
  4. The Durfer

    The Durfer Top Contributor VIP Gold Account

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    Cheap for a country. Should be priceless.
     
  5. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

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    $100,000 is obviously really cheap for that domain but $3M is a grossly inflated valuation for it.

    Brad
     
    Last edited: Jan 14, 2021
  6. The Durfer

    The Durfer Top Contributor VIP Gold Account

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    Nope should be priceless and the gov should have it like in a museum.
     
  7. Coopey

    Coopey Member of the Year VIP ★★★★★★★★★★

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    £100,000 was around $200,000 then. Happy days.
     
  8. platey

    platey Top Contributor VIP

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    The first two words of the op are a gtld

    But assuming it was for sale or current owner wants to develop it etc its an ideal dragons den opportunity

    The opportunity is this

    Its the perfect domain name to put welsh businesses online via an impossible to forget domain name the welsh cant forget

    So instead of welsh people driving to the high st they would go to the welsh digital high st via wales . com

    But the concept is so well suited for dragons den investor peter jones who has the tech expertise to make the concept a reality it would just be a negotiation of % advertising dolkars generated from the website but if achieved welsh high st s would thrive without the need to pay rent for big high st shops because they wouldnt need shops just their existing warehouses and a partnership with deliveroo

    Thats my concept for this domain name
     
  9. NickB

    NickB Wales.org VIP

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    The crux is it is owned by the Welsh government and they can't monetize the site......I have spoken to them about it and other matters 🙂

    Edit

    "The emphasis is not on promoting any individual business. References to businesses are always in the broader context of the website wanting to say something about Wales as a place to invest, work, visit or study. There is no financial benefit to any businesses featured"
     
    Last edited: Jan 15, 2021
  10. xcloud123

    xcloud123 Restricted (Chatroom)

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  11. xcloud123

    xcloud123 Restricted (Chatroom)

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    whales.com is good,
    i have domain: Downing-street.com
     
  12. stub

    stub DNStore.com PRO VIP ★★★★★★★★★★

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    We shouldn't forget that GBP100,000 was still a lot of money in 2008. I wonder how a welsh government official could have afforded that at the time ;) Seems to have been a wise investment whatever it is worth today.
     
    Last edited: Jan 15, 2021
  13. Bob Hawkes

    Bob Hawkes Top Member NameTalent VIP Gold Account Trusted Blogger

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    Thanks for drawing our attention to it @equity78 - always nice to see mention of domain names as highly valuable assets mentioned in general circulation media.

    i can't find my notes but a year or so I looked at what country or region names had sold some time ago (I think when Canada .com was seeking offers), and if recalling what I found, seems that 3 million seems high, but no doubt if sold would be one of big sales of year. Overall my take would agree entirely with Brad's:
    Best of wishes with Wales.org, @NickB

    I think when pandemic finally ends the right kind of travel/tourism sites will see a big rebound in demand.

    Bob
     
    Last edited: Jan 15, 2021
  14. Goku

    Goku Established Member ★★★★★★★★★★

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    In coming days, threads on NP will be like:
    Buying One Word Country/City Domain names (COM only)

    Awesome deal :)
     
  15. platey

    platey Top Contributor VIP

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    If google was to manage the domain it could create a welsh version of youtube which could fund free public transport in wales
     
  16. NickB

    NickB Wales.org VIP

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    "If wishes were horses, beggars would ride"
     
  17. Mytz.com

    Mytz.com Top 4L [email protected] ieie.com CuTu.com NeSu.com QAMI.com PRO VIP Gold Account

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  18. Kenny

    Kenny Top Contributor VIP Gold Account ★★★★★★★★★★

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    "Budget $xxx"

    Peace,
    Kenny
     
  19. topdom

    topdom Top Contributor VIP

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    Is Wales a country.
    There is a British Empire (consisting of UK, Australia, New Zealand, maybe you could add US before Trump, how about South Africa)
    Inside British Empire there is UK, it is a country.
    Wales is a region. I think its status is similar to Scotland, England, Northern Ireland. Among these England as keyword would be the most valuable one. How much for England.com maybe 3M-10M domain only, but it can be worth more because of its past.
    Wales.com , 100K to 500K , if it has no past. It can be worth more after Walexit (if ever).
     
  20. NickB

    NickB Wales.org VIP

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    Wales is a country in it's own right........same for Scotland and Northern Island - all are countries.....
     
  21. D Haynes

    D Haynes Top Contributor VIP

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    The UK is comprised of the countries England, Scotland, Wales and Northern Ireland. Although these countries are usually referred to as one nation by the rest of the world, from my experience we are all patriotic to our individual countries. I'm English first and foremost then I'm British.

    Great Britain comprises of the countries England, Scotland and Wales.
     
  22. NickB

    NickB Wales.org VIP

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    Exactly - try calling a Scotsman or Welshman "British" and see how that pans out :xf.smile:
     
  23. D Haynes

    D Haynes Top Contributor VIP

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    :ROFL: :ROFL:
     
  24. Embrand

    Embrand Top Contributor VIP ICA Member ★★★★★★★★★★

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    No offence against Wales. I have lived in Cardiff, and it is a great country (part of the UK). But this domain will not sell for $3 million at least for the forseeable future.
     
  25. platey

    platey Top Contributor VIP

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    I reckon it wont be long before google facebook and amazon decideto buy a small country and manage it and run its finances etc

    But going back to the wales .com etc

    As

    .town

    And

    .city

    Are gtlds etc every town and city in the world is a gtld domain name
     

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