The domain name BXSP.com which sold just a few days ago and was listed on Afternic weekly report we published on Tuesday, wound up in the hands of one of the largest investment firms in the world, The Blackstone Group of Park Ave New York.
In 2012, The Blackstone Group had revenues of Over 3.6 Billion and had assets of over $28 Billion.
I guess it would not be an understatement to say the domain holder may have left a few dollars on the table.
The seller in this case was BuyDomains.com itself and personally I don’t get the price.
We quote at least amounts in the $xx,xxx range for any of our LLLL.com domains.
As a domain holder you don’t know who is buying your domain or why they are buying it but LLLL.com domain can be highly brandable and we turn down low four figure offers every week.
Personally I would rather not sell a domain like this than to wake up one morning to see it going to one of the largest investment firms in the world
The domain name does not yet revolve but we will see what Blackstone is going to do with it.
The domain transferred last night to the domain name registrar/brand protection company MarkMonitor.com.
the biggest pockets are the most miser. your have +400k combinations. bxsp means nothing and is not brandable so I don’t see how would you ask for much more specially when you have such a big portfolio like buydomains. I agree however they could ask for a little more. usually they do. and for the buyer it was cheaper than to open an UDRP.
Jose
There is no registration in the USPTO for the term bxsp
@ Michael Berkens
But does it mean if there is no TM at USPTO they could have get this domain for sure?
By filing UDRP
They would have to show common law rights and usage of the term that predate the domain registrations or trademark rights in another country but that usually only has has a chance of only if the Complainant is based in another country, which this one is not
Pretty tough standard
If they paid $2k they would have paid $25K
Also bought a quality LLLL.com for under <$2k this past week. I do agree, these are great values if you can get them at a good price.
Thanks for the explanation. I appreciate that 🙂
Builders Exchange of St. Paul: Home –
That is all I see with any noteworthy reference to BXSP on Google – and some much lesser references.
Another $1,000 and the Blackstone might have gone a different direction – and then you are still sitting on something with very few buyers.
All is well with $2K in my book.
Furthermore I just sold CenterSquare.com to Bank of New York Mellon via a broker – clearly those guys could have gone a different direction had I gone too much further. Sometimes you have to accept to single and maybe stretch it into a double without getting thrown out.
$17,500 is what I sold CenterSquare.com for and I am happy was the point
BX is the stock symbol for The Blackstone Group. Now all we have to do is fill in the blanks for SP. Stock Price? Stock Portfolio? I would think S is for Stock what would P stand for?
OK Todd –
Securities and Property
or to a lesser extent:
Sales and Production
maybe a domaintools reveals several other BX???s ?
I’m still amazed Blackstone hasn’t gone after SteveSchwarzman.com which now houses a blog called “Steve Schwarzman Sucks” (Schwarzman is their CEO)
“We quote at least amounts in the $xx,xxx range for any of our LLLL.com domains.”
——————————————————————-
What do you ask for LLL.com domains, MHB?
Tony
We quote nothing less than $10K for LLLL.com domains and nothing less than $30K for LLL.com domains usually $50k or more
Todd
Since you ask it could be a for a fund which tracks the S&P 500 therefore BXSP
Or a fund of BX called the strategic performance fund
That’s what comes to my mind
Why not just use Yahoo Finance, Google Finance, e-Trade, Scott Trade or whatever it is you use to track your investments? There’s no value to a fund domain.
If anything it will be like BXMT.com which redirects to their mortgage trust division.
Could be related to property services given that they are buying about 50% of all foreclosures (or it seems). Every owner of a BX name is now upping their prices to $100,000 in the hopes of being the next Dudu
S & P was my first thought – but then I got to thinking about some kind of stock symbol BXSP that incorporated the S&P TM – and then I got to thinking that would be like IBM coming out with a new product called IBMNYSE or something ridiculous.
I like “unknowns” idea of property services or as I previously mentioned Securities and Property