Highest Prices for Domain Names
1. For 2011, the highest-priced domain name so far this year is Social.com, which sold in July for $2.6 million.
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CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Monday, September 26, 2011
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- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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3 Comments:
How much for JustOneRib.com?
According to the Marchex 10-K Report this company owns 200,000 domain names. These company owned and operated websites include 75,000 U.S. zipcodes (ie. 98102.com).
How much are all these worth? On page 93 of the 10-K, the company states a net value of $1,576,681.
The original value was $41,992,305 but this was before amortization.
For accounting purposes, Marchex uses a straight-line amortization basis of 4.8 years of useful life for a domain!
Domain names and the way they're paid for now are an extremely dumb way of doing things. I used to own 5 or 6 domains, that received very little traffic, yet I had to pay $50/year to register them every year, about $9/year each. That money goes to the people who maintain the main domain servers, where sex.com obviously gets a lot more hits than I ever will. Yet, the millions from these sales all went to the person who registered the name first, they still only paid something like $10 to actually register the names sex.com or social.com. They should simply auction off the registration for all domains, so the popular domains can pay for their traffic and I could pay less for my low-traffic domains. I only own 3 domains now and plan to let all but one go (for email). But I can't wait till we get rid of this dumb domain system and the uneconomic way in which they sell registration. It really demonstrates how economically ignorant the techies are, which is why we appallingly don't have a micropayments system to this day.
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