Does a domain's value build over time or reset every time it changes hands?

[nicenicnicenic is verified member.]

When a domain gets sold, does its value carry over from its past, history, usage, visibility or does it basically start fresh under a new owner?

Does ownership change the domain or just the narrative around it?

 

[DomainMundo]

That's a a good question. I own a one-word .ai domain. The domain had expired when I bought it last year but it appears for the first time in the Wayback Machine on December 2021.(I'm not sure if there's a way to check when a domain was first registered.) Does that mean the domain is over four years old or did its age reset when I bought it?