Domain Sales/Steals of The Week
Domain Auctions, Domain Sales December 27th, 2007I don’t usually spend much time pining over recent sales, but I think there were two great buys listed in the DNJournal.com sales report this past week, both of which took place on GreatDomains. I think Our.com selling for $60,000 was a great price. I know what I said about 3 letter .com names, but this is a great 3 letter, one word name. As I said, there are some names that are worth every penny, and this is one of them.
In my opinion, the biggest steal was FatTuesday.com, which sold for just $16,500. This is the perfect domain name for a website about New Orleans and Mardi Gras. There is also a famous bar with locations throughout the east coast called Fat Tuesday, and they own the domain name Fat-Tuesday.com. They serve some pretty good mixed drinks like the “190 Octane” and “Hurricane.” I’ve been to a few Fat Tuesday bars, and its always Mardi Gras when you’re there! The buyer got a great deal on this one.
December 27th, 2007 at 2:15 pm
Elliot
I was in on the fattuesday.com auction and although I think the domain sold at a nice price the trademark and possible issues related to the chain you referred to was built into the price, that is without such issues i think the domain would have went higher. I do think there is some risk in owning the domain.
Our.com was a great buy.
***UPDATED BY ELLIOT***
The way things have been going, almost every name has some trademark risk. I think if the buyer puts up a site with information about New Orleans and Mardi Gras - hotel/restaurant/vacation…etc, it is very defensible.
December 27th, 2007 at 5:08 pm
I really like pjt.com on Afternic for $7000. I wish I had found that one.
December 28th, 2007 at 12:23 am
Elliot
I agree that the domain is “very defensible” but you have to take into account in acquiring a name such as this the potential litigation and legal fees in defending the domain and the risk that the domain could be taken. I have seen less “risky” domains taken on weaker trademark arguments. That is not to say I think the owner will lose the name, just that it deflates the value.
***UPDATED BY ELLIOT***
I agree with you.
December 31st, 2007 at 9:23 pm
Agreed. Our.com was a steal…easily worth $250,000+
Unless purchased for development, look for it to show up in future live auctions…
December 31st, 2007 at 10:30 pm
Elliot
Thanks for the support and vote. The site will be as you envisioned, a Mardi Gras/New Orleans Portal, though I’m not sure if we’ll be able to have anything decent up this year, maybe just a quick site.
January 1st, 2008 at 3:04 pm
I think I meant vote of confidence but I’m not really sure. Don’t Drink and Blog. Happy New Year!