In the domain market, the true value is when the supply cuts the demand curve.
since supply of NNNN is perfectly inelastic, it forms a vertical straight line at the quantity level 10,000 (since there are only 10,0000 combi of NNNN to reg).
Assuming all NNNN are regged, consider the following factors: not everyone wants to sell NNNN, some people are ignorant of the domaineering market, etc, etc, the effective supply of NNNN for selling is lower than 10,000, at the level possibly of afew hundred, or thousand at most.
The no. of domaineers entering the market is increasing because of greater interest in recent years. This brings about an increase in the effective demand for NNNN.
Added to the fact of speculative, holding back interest of domaineers, the value is inflated, bringing prices up and not reflecting true value in the name. Henceforth, universal sales prices don't indicate true value.
That's all i meant. :bounce: