According to a story tonight in vietnamnet.vn, BKAV, “a well known Vietnamese anti-virus solution provider announced they bought the domain name, BKAV.com for 2.3 Billion Dong, or $100,000 USD.”
The domain name was owned by Frank Schilling’s Name Administration until late October 2011.
“BKAV believes that in order to obtain the goal of listing itself in the top 10 leading anti-virus companies in the world, the possession of an international domain name with “.com” is the most important thing, and that the price is still relatively “cheap” if compared with the development potentials of the company in 2012.”
“Quang said that in fact, Bkav began interested in bkav.com domain name two years ago, however, the actual negotiation only began two months ago.”
“At first, the US company asked 150,000 dollars, or 3 billion dong. However, after a negotiation process, the company has accepted to sell the domain name at 100,000 dollars, or 2.3 billion dong.”
“This proves to be the biggest sum of money a Vietnamese company has to pay for a domain name so far,” Quang said
Of course Name Administration is not a US company but according to DomainTools.com it looks like the sale took place in October 2011.
With the dudu.com sale of last week for $1 Million dollars, his should really heat up the LLLL.com domain name market.
That’s a lot of dong
Adam
Guess you can’t have enough Dong.
Big Dong’s for Name Administration..
First Dudu and now Dongs. This blog needs to be on an .XXX
Oh boy. I went with a Vietnamese guy for a time; I have about a dozen jokes that are really hilarious and completely inappropriate. LMAO!
You went with him where, Danny? 🙂
All that way to hell and back. 😉
Great example of the perfect buyer. It was the EXACT domain they wanted in .com (they didn’t have a second or third choice, they wanted THAT name), and deep pockets. This is the kind of situation where the seller has a lot of negotiating room, as long as they try for it. Seems like the buyer was satisfied to get the name for that price, and will get some publicity out of it as this sale gets reported.
Impressive sale, just tought how much ADVN.com can be worth.
Advertising Vietnam = ADVN
*sigh* @pushing other extensions into this llll.com sale article.
Anyway, considering that the LLLL actually contains K and V, that was hella nice for the owner because I think not many would even fight over that if dropped, yeah? Probably only a couple raising it to lowxxx-midxxx, based on what I see on most pre-release auctions.
It’s not even cvcv or vcvc or anything more friendly to pronounce. But that’s what’s great about patiently waiting for the right buyer/end-user to come by and want it from you 🙂
More sales in 2012 guys!
I own Sari.com
also own STFU.com which stands for Shut The F*** Up
the namedia.com site has an excellent graphics
@ Robert
Just give it up already.
Not everything in the world is about .CO.
Brad
there as been plenty of business going on domains which was rocketed when the sale of ireport happened. still its going on!!
I have several 4 letter .com names, but I don’t agree with
Mr Berkens’ idea that it will ‘heat up’ the market, for the
sale of these names.
It may help a little tho!.. 🙂
It is important to realise that sales like this one are based
on a business need, and not the value a ‘domainer’ would
normally place on a name…
I think we can all be in agreement that bkav.com is, under
normal circs, a $25-$150 name – that is what it might sell
for today, on any domain forum you care to mention.
Its value to a business, however… a business that really
needs the name, is an altogether different value that is not
in ANY WAY connected to the ‘domainer’ sale value.
So, I put this sale down to it being a rare event that can,
and does, have little to no bearing on everyday 4 letter sale
values.
🙂
Cheers,
You all are in big trouble
if you are not investing in
LLL and LLLL’s
in virtually all extensions
the super premiums being in
.Co
.com
good look acquiring them.
It amuses me to no end to see how the simple minds correlate media stories back to their own portfolio. It’s the story of those who almost won the lottery because the numbers were close to the ones they pick. I was only off by 2 on like 4 of the six numbers and I got the powerball.
A miss is as good as a country mile.
If it’s a .co it’s two country miles, Mr Cline.
“I think we can all be in agreement that bkav.com is, under normal circs, a $25-$150 name”
The .com market is seriously bent and broken, no wonder they are bringing in more TLDs.
Notice the inquiries coming over at franks platform on these things? I bet he will selling more in 2012
I own a few and happy I got them. Agree with mike some on LLLL.com heating up.
Paul (snoop) predicted a major correction on these. Wonder where he stands on this now and market conditions.
Congratulations Frank.
This is a one off
It will have little if any effect on llll names which can still be found daily for xxxx
A very wise man once said:
“If you don’t research the POSSIBLE buyers for the domain you will never understand who the best buyer could be and that best buyer could be the one asking to buy your domain.
Once again it goes to show you the importance of knowing who your possible buyer MIGHT be and price you domain based on that buyer.” -MHB
You can never have too much dong.
The most important fact of this story is having the courage to say no to the counter-offers in the $xx,xxx range. One would imagine they countered the initial $150,000 price with $25,000, $50,000, maybe $75,000 and heard “no thanks.”
To make real money a decade of patience for the right buyer appears to only get you to the goal line. I offered Frank a couple grand for CINZ dot com about 2004 for a restaurant. I did not know who he was, I just could not believe some guy said no to that.
yes, but by conversion each dong is very small…..
“countered with $25,000 and heard no thanks”
Perhaps they could have negotiated better. Surely if they point out that such a price would allow seller to buy dozens of similar names, there is nowhere to hide.
Long Dong Silver!
@Nord
They could buy a thousand LLLL for $100k, but none would be BKAV(.)com, the one they want.
When you have a four-letter .com domainname that pays it’s own reg fee year after year, essentialy free for you to own forever, you can refuse any offer.
What is the cost of ownership while you wait for the right price? Nil.
wonder if the buyer approache Frank with their bkav.vn name?…
giving the hundread of thousands domains Frank owns I don’t see how he would place such price tag on it.