From $10 domain registration to $4,050 sale in two weeks; a 400x return
There are still opportunities for hand registering domain names.
Getting a 400x return on anything is pretty sweet. Especially when it’s within two weeks.
So don’t tell domain investor Duane Higgins that “all the good domains are taken”. Because he just sold a domain he registered on March 31 for $4,050.
Last Friday I wrote about the auction for DigitalArchery.com at Sedo. At that time it had one bidder for $1,000. It closed on Saturday for $4,050, thanks in part to some intense bidding between two bidders.
Higgins registered the domain after ICANN announced its plans for prioritizing new top level domain applications. The plan, which has applicants try to click a button close to a predetermined time, has been dubbed “digital archery”.
At least one domain technology company is offering a digital archery service to help new top level domain applicants.
The domain is still in Higgins’ name, so it may be a few days before we find out who bought it.