The sell of of IREIT domains continues over at NameJet.com this week.
What’s lost in the story is the fact that this strategy by IREIT to sell their domains in this fashion, all starting at a $69 reserve is that domain names are in fact a Liquid investment.
The debate has raged for quite a while are domains liquid assets, that is can they be sold and turned into cash quickly if they need to be.
After watching IREIT domains selling on NameJet for decent prices the answer is YES.
A good domain will sell, even in the worst of times, immediately for decent prices, making the domain market highly liquid.
Now the naysayers are going to say well you can sell anything if you will to take 50% of the value of a it, but the real estate market, shows that this is certainly not the case for all assets.
Real Estate, considered to be an illiquid assets, is for sale all around the country at 50% off and at this point there is still hundreds of time more inventory for sale at this level than are actually selling.
When you look at what IREIT and namejet has been doing, selling inventory off, taking in hundreds of thousands of dollars in revenue in 10 days, you have to come to the conclusion the domain aftermarket is active enough, with enough buyers with cash, the domains can be sold, quickly and easily.
When added to the other domains reportedly sold this week, $481K at the silent domainfest auction at snapnames, $1.25 million for toys.com, $100K for hobbbies.com, $400K for Malaysia.com sold by Live Current, $600K of domains at Sedo, $240K in domains at Namejet.com (just the domains I follow, see below) add up over $3M in sales in a week.
Ron Jackson will have even more sales when he complies his list on Tuesday. (last week Fly.com sold for $1.8M)
So no one can argue that good domains are not liquid.
Like anything else you will may not get top dollar when you have to sell domains, but you will find buyer and turn your asset into cash.
Here the sales from NameJet.com that we tracked for this week (please note that not everyone of these domains we IREIT domains but many of the higher priced ones are):