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Originally Posted by bdjuf
how the hell can some of these domains be paid that much for?
I am sure 90% of these domains are "reported" selling for that much simply for PR purposses! and they just change the info of the registrant!
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I'm even amazed on some of these sales this year. But it's all about catching the right buyer at the right time who wants to own the Internet property you've got.
Rick's mantra is he won't even sell any domain for less than $100K. He puts that much value on each one and takes the perspective you want a great property address (i.e. location location location) to do Net business on, you pay top dollar. And I'm seeing that reality being more and more realistic in terms of what people will pay for keyword domains.
How much do people pay to own prime properties in the bricks and mortar world? A fortune compared to domains. And B&M is going downhill while virtual land is skyrocketing.