Zimbabwe.com sells for a fraction of what it sold for in 2007.
We always hear stories about people who bought domains and flipped them for many times their purchase price. But the opposite also happens.
Take the case of Zimbabwe.com, which just sold for $42,500 at Sedo.
The last time this domain (reported) sold was in 2007. Purchase price: $130,000.
It’s possible the domain also changed hands in 2008. Regardless of if it has changed hands since 2007, the domain took a total haircut of $87,500 during that period.
Not pretty.
There’s not a whole lot you can do with Zimbabwe.com from a commerce perspective other than offer elephant hunting trips.
Ideally a buyer would use the domain to help shed more light on Robert Mugabe’s atrocities.
DR.DOMAIN says
I look forward to a brighter future for Zimbabwe…minus this thug Mugabe and his entourage.That black African dictators have become every bit as-and in this case more-brutal than their former colonial masters
is just saddening to watch.Be not always.
Leonard Britt says
Yes even one-word .COM domains can be sorry investments if you overpay…
Seb says
Not surprised at all. Not worth more than 50K from the outset.
DomainersChoice.com says
Maybe Mr. Parson bought it to publish a few more hunting videos.
Snoopy says
“Not worth more than 50K from the outset.”
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The name sold for $130k via a no reserve auction, back then pretty much any country .com could be sold for over 100k so I don’t buy the above. I think the decline is mainly due to,
-A general decline in the domain market.
-Far less interest in geo domains, especially ones without obvious business models.
-Continuing sactions & human rights issues (though economy is improving).