I don't think "delusional" is really the right word. There's no liquid market in domain names, there's nothing like the comparables that are used to value real estate, there's really no objective way to value the fuckers at all. The value is all in the use to which the domain will be put, and the seller can only guess wildly at what that use might be. So really, sellers are pulling numbers out of ass, because that's the only place to get 'em.
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