How in world firstcard.com got a bid of 125,000$US:eek:

the auction is live at sedo now (will close approximately 8hours and 30 minutes from now) here is the link http://www.sedo.com/auction/auction_detail.php?language=us&auction_id=13645&tracked=&partnerid=

the domain is without any content and im not sure whether it is having any PR but it has got a bid of 125,000 USD! if you want my opinion...well that domain looks good but never in my wildest dreams i would pay a hundred thousand for that!!!!

so what am i missing here? why is it worth $125,000?

 

If I had to guess I would say that the bid is from a scandinavian company called firstcard that wants to make sure that it secures the name in the .com extension. The traffic (1500p/m) plus securing their brand is probably worth six figures to them.

 

lol six figure for firstcard? gotta reg..secondcard!..man..i wish i had it ;-)///

 

hahhahaa lol....i wished the same!! $100,000 is enough to secure my university fees and i would love to give away the rest for charity:

 

If you asked someone here they probably would have told you reg fee

 

yah i have heard about that company. and i never wanted to get notices from them for the trademark issue. i wish i knew they love to pay six figure rather than sending sue notices!!!

 

more than true... i second that

 

i figured another! yourinteractivetv.com has got a bid of $10,000!! crap! what in the name of god is happening? i dont know any scandinavian company named as yourinteractivetv!!!

 

lol...domain is one business which is very hard to predict like stocks..just cnat tell which one is worth how much..although appraisals work fine most of the time..

circumstances too play a major role..mostly unforeseen..say about the Apple Iphone...who would think steve jobs would buy iphone.com for 6 figures?lol

 

Considering there is only 1 bid for the name, I wouldn't be suprised if it was a fake bid. If not, wow, what a price for that name!

 

yah absolutely. this is something that happens almost everyday on sedo. i get surprised why names that doesnt make any sense get skyhigh bids!

 

Part of understanding domain names is understanding business. (DUH!) IF you do not have at least a general grasp of business and businesses around the world, how can you possibly play this game?
There are many companies that certain terms and phrases mean a lot to. Branding is everything in the business world.

If you have a limited grasp of the business world, economics, marketing, and world events, news and social events, there is no way that you can understand business on the www, and you will be wasting your time and money trying to by "cool sounding" stuff that no one cares about except 2 guys in Iowa.

Those prices make perfect sense to me, and to those who say, "I wouldn't pay that much for that domain." My question is, "Do you have that much to buy a domain?", and if not, then how can you even begin to understand how Billion dollar multinational corporations think. That is not a lot of money to a large company to have Internet Real Estate that will be theirs forever.

Most people think in terms of fast, quick and easy, businesses think in terms of the long haul and forever.
JMO

 

According to netosl, firstcards.org is still available. So is furstcard.com

Thanks,
ivnj

 

Your posts are always worth reading.
Thanks for the lucid explanation

 

lol who was the buyer who shelled $125k on it?

 

Haha 125k$ for a standart domain? Come on I've got better.

 

Seems that the auction ended with only 1 bid. Let's see if it gets reported in DNJournal

 

value of a domain is directly proportional to the interest, need and pocket size of the people who want that domain.

One man's poison is another man's medicine

Ani

 

absolutely. there is a point behind every of those big sales. no one is mad enough to shel that much. the domain probably is worth for his money. and as the domain doesnt mean anything to me, i dont find a point to shel that much for the domain. well it makes me sad each and everytime i see such an auction just coz im not a good market researcher to figure which domain is worth the reg fees. well... experience makes a good marketer right? im learning and probably wont waste my hard cash on nothing. this auction was a great lesson for me btw.

 

wowo, very nice auction and money paid for a unique domain.