According to an article in kippreport.com, the domain name TheMiddleEast.com is on the market for $2.5M dollars.
The article features an interview with Keith Shanahan, “a dot com investor and owner of 600 valuable domain names including TheMiddleEast.com”.
“There are many wealthy individuals out there who either haven’t come to terms with it or simply don’t realize the value of investment that comes with owning popular domain names,” he says. “If we were playing American baseball, the Internet is still only in the second inning of a nine inning game; more and more of the Internet Properties are just in the beginning stages of being built.”
The article has a good discussion on the value of domain names especially Geo domain so apart from the very high price the owner of the domain is wanting for themiddleeast.com is worth a read.
You can check out the entire article here
2.5 MM for The…..com?
I even doubt the real name MiddleEast.com is worth that…
talk about day dreaming.
(‘the middle East’ has only 12,000 exact world searches)
Everybody refers to that area as “The Middle East”, so the .com must be worth something. I wouldn’t be surprised if a rich sheikh paid $2.5 million for the .com. It’s an oil rich region, and they are trying to increase business and tourism to places like Dubai.
“TheMiddle East” is a British term born out of a colonial, European perspective. The term’s origins are seeped in controversy for having originally been a European imposition of geographic perspective according to European spheres of influence. East from where? From London.
How long will it be before that region of the world is renamed by the people who reside there
who want to shake off the last vestiges of European colonialism? Remember Bombay and Peking? Not to mention the many African nations that have been renamed.
The name “The Middle East” does not have a much of a future imo, and the owner would be wise to sell it.
Well, I have MiddleEast.Me. Some end-users (startups, mostly) us .me for personalization (ME), other as in Maine, and Middle East. So maybe MiddleEast.me is redundant, like Television.TV, Organization.org, business.biz, information.info?
how much is TheUnitedStates.com worth?
You can ask whatever you want for something. Sometimes you may even get it. In any event, as everyone knows, it’s always easier to negotiate down from a set price, than to negotiate up.
I see many domains on Sedo that are priced at next to nothing. People who don’t have much money often think in terms of pricing with their ‘own wallet,’ and don’t keep in mind that what may be a high price to them (say $5,000) would be a bargain to someone else. If nothing else, setting a high price brings much more attention to something than pricing it cheaply, and subconsciously gives buyers an impression of higher quality, over a lower-priced item. This article is a good example of that. If TheMiddleEast.com were priced at $10,000 or $50,000, there would be little reason to write about it.
All that said, of course, one has to be realistic. But better to be ‘realistic’ on the high side, than the low side.
Do you think $2.5 million is too much for TheMiddleEast.com? In 2008, someone in Abu Dhabi (United Arab Emirates) paid over $14.0 million for a license plate for a car…$2.5 million now sounds a little cheap for a premier dot com address that connects over 7 billion people on the planet…a license plate for an automobile…$14 million? Come on…
Abu Dhabi License Plate Fetches $14 Million, Sets World Record!!!
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aJ8EZTdrItjs