Hobbies.com sale provides a nice return to the seller.
Afternic brokered the sale of Hobbies.com this past week for $297,500, giving the seller a nice profit.
The domain name has an interesting history. It was purchased along with iToys.com in the eToys bankruptcy auction back in February 2009 for $102,000. So even if iToys.com is worthless (which it’s not), the seller tripled his money in less than two years.
This makes sense, as the auction for this domain name (and others in the auction including Toys.com) was kept fairly quiet. Buyers also had to pay a deposit and submit a custom purchase agreement contract to participate. Proof in point: Toys.com sold at the auction for $1.25 million. People who weren’t aware of the auction petitioned the court and the domain name was re-auctioned for a whopping $5.1 million.
The buyer is Triton Web Properties, which owns gems such as Boating.com, Biking.com, and Yachting.com
Imperfect is Perfect says
The more imperfect the market (like domains), the greater the profit opportunity.
Imperfect market = perfect opportunities
ViperD says
Imperfect,
Well said.
::: NEW Domainers Gate ::: says
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great buy! hobbies.com has dozens of useful and profitable uses and it’s value can grow very much
TeddyK says
The economy is expanding again (finally).
Look for many MONSTER domain sales over the next year – big money is coming out of a two-year slumber.
Mark my words…2011 will be the BIGGEST year for domain sales EVER – by a WIDE margin.
🙂
GenericGene says
It just keeps getting better ———–