When assessing value of real property the definition of market value is as follows:

International Valuation Standards defines market value as “the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arms-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently, and without compulsion.

Parties that have found the price too dear don’t buy, parties who see the value, bid the final price and are left with no other competition, are the ultimate buyers. There is then no question that value is determined by the purchase. Once purchased, that is its value.

Everyone has opinions on price but a property, in this case, virtual property, is ultimately determined by the price that a person pays for it on a given day, in current market conditions. Needless to say other external, international or economic factors may re-adjust the value in the future but as for now, that’s what its worth, like it or not.

Also the thing with MAA, traditional advertising and it still being the major thing for ad companies.

And then there is this thing about trying to educate major CEO and business owners about domain names.

I agree on all the different opinions and we can all be fortunat of having different ways of aproaching and looking into this industry.

I would like to make a suggestion about educating the so called, dont get it crowd.

Why not use the traditional way of advertising to promote the new way of advertising.

Billboards, posters, news papers. Throw something on there like a picture of lets say a “Donut” with the adress ” www . DonnysDonutShop . com underneath you would write ” Did you know this? Donut.com is looked up 15000 times each day”
and then
at the bottom ” Want customers? get a good name @ Sedo.com ”

This should be done by all of these Domain selling companies, Moniker, Buydomains, and all others! You use the traditional to promote the future.

It’s easy , but none of them do it.

To all domainers, you have my respect for staying tough in this business. Time is on our side.

Nice Blog Elliot

I LOVE seeing anyone sell a domain in the high $XX,XXXs or HIGHER – MORE power to ANYONE who can do it. Just keep bumpin’ that bar up!!