Raymond published a post today on TheDomains.com, on the sales report from the first ever live domain auction at the Chinese Domain Festival and China Digital Asset Investment Summit which generated some 150 million RMB in sales.
The official exchange rate is 1 RMB is equal to $.15 USD so the live auction generated $22.5 Million in sales.
For me the biggest news out of the auction is that the Chinese appear now to be buying English words, not just letters, numbers and Chinese words.
Here are a few sales that Raymond noted:
House.com sold for 16,200,000 RMB which is almost $2.5 Million USD, the domain has a Estibot of over $1.8 Million
Banana.com sold for a whopping 13,200,000 RMB which is $2,036,000 in USD, which had an Estibot of under $600K.
Girl.com sold for 2.2 RMB which is around $400K and has an Estibot.com at $1,000,000
If the Chinese start buying English one word .com’s for premium dollars, well that’s a game changer.
It’s also really interesting to note that two of the domain names that Nat Cohen’s Telepathy purchased this week from the MostWantedDomain.com portfolio from Godaddy/Afternic.com sold as well in the auction.
CTX.com sold for 580,000 RMB which is just under 90K and WRJ.com sold for 610,000 RMB which is around $95K.