Comments on: DataRecovery.com Sells for $1.7 Million http://domainnamewire.com/2008/02/29/datarecoverycom-sells-for-17-million/ News and Views for the Domain Name Industry Fri, 12 Mar 2010 18:19:59 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: rumby http://domainnamewire.com/2008/02/29/datarecoverycom-sells-for-17-million/comment-page-1/#comment-173742 rumby Thu, 08 May 2008 19:33:21 +0000 http://domainnamewire.com/2008/02/29/datarecoverycom-sells-for-17-million/#comment-173742 Its quite a boost for the industry when domains are selling for this amount. I dont think i could have held out for so long though! Congrats to the seller. Its quite a boost for the industry when domains are selling for this amount.

I dont think i could have held out for so long though!

Congrats to the seller.

]]> By: WWW.CollisionDomains.com http://domainnamewire.com/2008/02/29/datarecoverycom-sells-for-17-million/comment-page-1/#comment-162924 WWW.CollisionDomains.com Sat, 22 Mar 2008 19:31:49 +0000 http://domainnamewire.com/2008/02/29/datarecoverycom-sells-for-17-million/#comment-162924 Nice Purchase, A good investment, both in traffic point of view as well as on fixed asset build up. The domain will offer high quality direct navigational type-in traffic at absolutely no cost IE totally free. Till its life. The asset will have a steep growth in its value in fore coming years. Best investment Best Regards Nice Purchase, A good investment, both in traffic point of view as well as on fixed asset build up. The domain will offer high quality direct navigational type-in traffic at absolutely no cost IE totally free. Till its life. The asset will have a steep growth in its value in fore coming years. Best investment

Best Regards

]]> By: M. Menius http://domainnamewire.com/2008/02/29/datarecoverycom-sells-for-17-million/comment-page-1/#comment-157201 M. Menius Tue, 04 Mar 2008 04:57:55 +0000 http://domainnamewire.com/2008/02/29/datarecoverycom-sells-for-17-million/#comment-157201 "The value is solely determined by the Buyer ... Beauty is in the eye of the beholder and so are domain valuations." - Patrick This quote should be etched in a mountain with a spotlight on it. “The value is solely determined by the Buyer … Beauty is in the eye of the beholder and so are domain valuations.” – Patrick

This quote should be etched in a mountain with a spotlight on it.

]]> By: Patrick McDermott http://domainnamewire.com/2008/02/29/datarecoverycom-sells-for-17-million/comment-page-1/#comment-156906 Patrick McDermott Mon, 03 Mar 2008 00:03:56 +0000 http://domainnamewire.com/2008/02/29/datarecoverycom-sells-for-17-million/#comment-156906 "I must say congrats to the seller. very overpriced in my opinion." snes, The value is solely determined by the Buyer. According to comments I saw made by the Buyer, the domain is already showing that it will pay for itself. Unet.com could also have sold for a similar amount if an unmotivated seller wanted as much $ and and the buyer really wanted the domain. Beauty is in the eye of the beholder and so are domain valuations. Patrick “I must say congrats to the seller. very overpriced in my opinion.”

snes,

The value is solely determined by the Buyer.

According to comments I saw made by the Buyer, the domain is already showing that it will pay for itself.

Unet.com could also have sold for a similar amount if an unmotivated seller wanted as much $ and and the buyer really wanted the domain.

Beauty is in the eye of the beholder and so are domain valuations.

Patrick

]]> By: Patrick McDermott http://domainnamewire.com/2008/02/29/datarecoverycom-sells-for-17-million/comment-page-1/#comment-156904 Patrick McDermott Sun, 02 Mar 2008 23:55:44 +0000 http://domainnamewire.com/2008/02/29/datarecoverycom-sells-for-17-million/#comment-156904 "Six years is a long time to sit on a domain and refuse offer after offer until the bid reaches $1.6 million dollars. I don’t know if I could have held out that long!" Antoinette, You're right. That's why it's not good to be a motivated seller. $1,659,000 / 6 years = $276,500 per year. Real nice yearly income playing the waiting game. Patrick “Six years is a long time to sit on a domain and refuse offer after offer until the bid reaches $1.6 million dollars. I don’t know if I could have held out that long!”

Antoinette,

You’re right.

That’s why it’s not good to be a motivated seller.

$1,659,000 / 6 years = $276,500 per year.

Real nice yearly income playing the waiting game.

Patrick

]]> By: Patrick McDermott http://domainnamewire.com/2008/02/29/datarecoverycom-sells-for-17-million/comment-page-1/#comment-156901 Patrick McDermott Sun, 02 Mar 2008 23:43:17 +0000 http://domainnamewire.com/2008/02/29/datarecoverycom-sells-for-17-million/#comment-156901 "this was an all-cash transaction (the exact amount was 1.659M). ...and did not include anything but the domain name. What is unique is that we are a very small company, showing that the domain name buyers are not limited to just big fortune 500’s." Mr.Carmichael. Kudos to your company for buying this domain your company coveted and not trying to reverse domain hijack it. Not only are you showing that smart, strategic domain buying is not limited to "big fortune 500’s", you are showing the proper method to get the domain. Want it? Pay for it! Wishing you continued success, Patrick “this was an all-cash transaction (the exact amount was 1.659M). …and did not include anything but the domain name. What is unique is that we are a very small company, showing that the domain name buyers are not limited to just big fortune 500’s.”

Mr.Carmichael.

Kudos to your company for buying this domain your company coveted and not trying to reverse domain hijack it.

Not only are you showing that smart, strategic domain buying is not limited to “big fortune 500’s”, you are showing the proper method to get the domain.

Want it? Pay for it!

Wishing you continued success,
Patrick

]]> By: Scott Neuman http://domainnamewire.com/2008/02/29/datarecoverycom-sells-for-17-million/comment-page-1/#comment-156835 Scott Neuman Sun, 02 Mar 2008 14:52:36 +0000 http://domainnamewire.com/2008/02/29/datarecoverycom-sells-for-17-million/#comment-156835 Interesting value for the name. I guess after 5 years, he got tired of waiting for it. As someone that was a Microsoft Gold Partner, data recovery was a huge amount of our business model and was one of the most profitable parts of our business and one that didn't take a lot of our time in terms of man hours but could be billed out at high rates. There are many companies making millions of dollars in this type of business and yes, that name will drive millions of dollars if done correctly. Scott Neuman - Recordweb Communications LLC Interesting value for the name. I guess after 5 years, he got tired of waiting for it. As someone that was a Microsoft Gold Partner, data recovery was a huge amount of our business model and was one of the most profitable parts of our business and one that didn’t take a lot of our time in terms of man hours but could be billed out at high rates. There are many companies making millions of dollars in this type of business and yes, that name will drive millions of dollars if done correctly. Scott Neuman – Recordweb Communications LLC

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