“Domain King” Rick Schwartz writes:
I was in the back of the room at TRAFFIC EAST when the phone bid came in and the Dallas Cowboys bought cowboys.com for $275,000. The room erupted in applause. The celebration was short lived.
In a stunning development yesterday the “Attorney” for the Dallas Football team said days later that he thought the price was $275 and not $275,000. That just does not pass the laugh test. I could not take my family to the Dallas Cowboys football game for $275. The cost to BID was more than $275. I am sure there is more here than what meets the eye. Time tells all.
As domainers learned about this yesterday,,,,,disbelief was the keyword followed by laughter as the story circulated through the entire industry and then the news media.
Discussions began and then Eric Rice who has been interested in the domain and associated business for the past 6 months made a post on my private chatboard shortly after noon and began the process of putting a group together in just HOURS to buy this spectacular domain name. By 7:30PM it was ours and the new team of 20 investors had won the prize.nThe folks involved may or may not identify themselves. I just did with a stake of close to 10%.
Click link above to read the full article.
Seems like this is the story of the day, the week, the month, the year. Gotta love capitalism!
Congrats Eric Rice, Rick and the rest of the Cowboys.com investors. This action on your part sort of supports the idea of a domain stock exchange as profiled earlier on this and other sites with the new FUSU.com portal:
http://www.conceptualist.com/?p=532
I hope I get my invite from Tobias.
Additionally and mor importantly, I believe this group’s purchase put together in such a short time frame, will receive some long term press resulting in an upward trending educational curve for those business that ” just don’t get it”!! LOL!
Cheers!
WineGuy
I wonder if someone back at management who doesn’t understand domain names said, “What? $275K for a domain name? I’m not paying that!”
Short sighted. They’ll never get their hands on it now.
This is quite absurd, but not totally out of the blue.
End user awareness of domain name value is surprisingly dismal. I just had an end user offer $20 on one of my strongest .nets, saying that “.nets aren’t worth much”.
Most people still think that domain names have no intrinsic value, and that you can wake up one fine morning and register XYZ.com, that the domain industry does not even exist.
End user awareness really needs to be increased if the industry is to realize its true potential.
—-ANSWER—-
Well said. There are news bits every single day on the domain industry in mainstream but that’s not enough. With time we will see more and more of it.