network.us for $11,000 !!

[buddy]

Network.us was just sold for a little bit over $11,000 on Afternic. In my opinion this was a steal. $11,000 for a name like that is nothing!! Especially when we are talking about a new TLD that has potential to grow and become the second largest in the US after the .com. In Candada .ca has become a very popular TLD used by many businesses. However the .com is still No.1 there.
I'm strong believer of the .us. Especially for businesses and people dealing domestic audience and market place.

Have a good one,

Kim

[MattyP]

Was it a bona-fide sale.

I am suspicious of Afternic sales. This one is no different.

Matt

yeah and beauty.cc sold for $1 million!

[fizz]

yeah and type in www.beauty.cc and see what has happened to this $1 million name

[beatz]

I like that "renew now" - banner on the right side of the page - nice flash

yeah looks like thy've given up even trying to pretend now! what happened to the beauty.cc mega portal they claimed they were going to develop? The "buyer" also claimed had a list of 5000 .cc names they were going to register over the next 6 mths after the sale! ha ha

[fizz]

Snoopy, two years ago I believed the $1 million sale of beauty.cc was legitimate and on the strength of it I spent $60 on a .cc name.

Some may say ‘Sixty bucks, big deal’, but when you multiply this by the number of .cc domain names registered at $60 each as a result of the stated fact that a $1 million sale had transpired – and there was plenty of publicity generated at the time - you are probably looking at an amount in the millions of dollars spent.

The last time I looked, GreatDomains still trumpets this as being one of their biggest domain sales.

If someone from GD is reading here, do you still stand by 100 percent that beauty.cc was sold for $1 million?

[MattyP]

That is the point snoopy was making I believe.

Matt

[fizz]

Thanks Matt. I wasn't trying to negate snoopy's post at all but was developing it further.

I'd find it hard to beleive that greatdomains didn't know the beauty.cc sale was not bona fide at the time it occured. The selling price alone should suggest that the sale was not real, and since verisign sell .cc domains (In fact didn't they buy the whole .cc registry a while ago?) I would have thought they knew exactly what was happening.

[MattyP]

Sorry fizz.



Matt

http://news.com.com/2110-1023-277245.html

(article about verisign buying .cc registry)

[fizz]

Matt, no wurries mate.

To be fair to Verisign, its purchase of GreatDomains and .cc came after the purported $1 million sale of beauty.cc. But since then no pressure has been put on Verisign to either endorse or refute the legitimacy of that domain transaction.

Maybe an investigative journalist might like to pose a few questions to Verisign in light of the fact that a $1 million domain name was never commercially developed and two years later is now seemingly on hold pending payment of a renewal fee of as low as $19.95.

[uncle]

can't be legit. don't fall for this..

[namedancer]

beaut.cc is available for reg at $19.95. I agree, $999,980.05 is a lot to pay for a "y".

you can bet that the "sale" will cause a surge in .us reges as people jump to the next supposed golden tld.

as i recall with the beauty.cc sale it was mostly a stock swap that was basically a merger between .cc players with GD taking a commision that was rumoured to also be in the form of stock giving them a vested interest in perpetuating the myth of this sale.

as far as .us names go I have only seen two legitimate auctions so far,

ass.us - around $250 or so; reserve not met
americans.us - around $650; reserve not met

Hard to believe network.us would sell for $11,000 (at auction) in the light of the two auctions mentioned above.

[fizz]

IMO, for far too long we the domain buying public have been played for suckers by some sellers, who have been laughing all the way to the bank.

They create an artificial demand fueled by our competitive nature and the scare tactic of 'Secure your name before someone else does' in whatever flavor of TLD you want.

true fizz,

Its the same old hype story with a different extension. Every time the newest extension is supposedly the 'real deal' as compared to the one before it and every time it seems to turn out a flop. Buying them should be treated as an extremely high risk venture in my view.

[uncle]

Its the same old hype story with a different extension. Every time the newest extension is supposedly the 'real deal' as compared to the one before it

hard to disagree