The domain name Uncle.com sold for $66,002 at Sedo. The domain name registered since 1994 was owned by a Canadian IT specialist.
The domain name was the personal blog site for a registrant with a background in cyber security and other matters of IT.
Uncle is registered in 125 extensions per DOFO.com (that number could be a tad higher).
Someone stole the bank on this one.
For real.
half mil domain at least. oops..
There are lots of good names in the market in the 100K range but hardly any buyers. Oxley is a good example of picking up great names at (below) wholesale prices. FMA did the same but got sidetracked with family and personal issues.
The value of domains continue to increase as weak hands fold. New crop of investors must sell for higher prices in justify their investments. Happens in real estate all the time, now happens with domains.
I agree the seller should have waited until he was 178 yrs old and hoped by then the end user who wanted to pay a half mill would show up.
Many years ago I targeted these types of names, owned grandpa.com for example.
What I would say is we have seen the market bounce back to 2007 type levels in some areas like this, others still lagging.
A lot more goes into the decision to sell than what it MIGHT be worth. In other words some decide to enjoy the remainder of their lives with some extra cash. Correct me if I am wrong but didn’t a few huge early domainers do that the last 5-10 years?
Good trade and fair price in terms of risk reward I’d say, congrats to both parties.
They guy had the name since 1994, is an IT specialist and dumps it for only 66K? Well, he knows the industry so that’s not an excuse. He must’ve bought into the “DotCOM is dead” mentality. That will cost you every time.
Maybe Oxley was the buyer?
That guy has the best .com portfolio.
David, savvy at IT specialist does not mean savvy business man. In fact the list of smart West coast types I have bought great domains off of is a long list.
Better to dump at $66k than the $25k our community offered him prior.
Is the name potentially worth 6 figs to an end user, absolutely, maybe, one day, who knows when.
Some people chose to hold out to the their death bed and can afford to, some want to enjoy the money while they are still here or have other pressing matters.
The market has spoken, $66k is it, especially considering it couldn’t exceed $25k months ago.
Well said, similar one word .com’s can easily be bought for low-mid 5 figures. If people think this is really underpriced they should bid on these auctions.
The domain is worth more than $ 66k .
That is the wholesale value of a name like this. The owner tried to sell it earlier in the year and the bidding ended unsold at $25k so I’d say the result is fine.
It depends on where the seller is as well… If there is a need for money, wholesale beats no-sale.
Maybe Sedo brokers suggested the price .They make the novice sell cheap and think they got a bargain.
Another domain bargain of the year .
Did this actually exchange hands or is it one of those Sedo deals that never goes through?
Agree with most. Steal of a deal.
Steal – just what I was thinking.
I’m wondering if it’s “Steal of a deal”.
Why didn’t any of the 14 people who posted comments here buy it?
All are experienced domainers, no?
Agree. Nobody is willing to buy at higher prices and if any of the 14 were in the auction they’d complain about “auction prices being too high” afterwards.
The liquid value of a name like this is $66,000 and it does not suit the domain industry mantra for that to be said, therefore something must have happened where this domain was miraculously under sold.