A Sale Does Not Count Until It Is Paid For at Conceptualist.com, By Sahar Sarid

A Sale Does Not Count Until It Is Paid For

Published on April 14, 2008 in Business and Domain Names.

A lot of people are emailing me about Sedo’s auction of Dollars.com that is going on right now. They ask because they know that I sold the name for 650,000 dollars just this past July.

Right now the auction is at 750,000 Euros with four days left in the auction.

I want it to sell for millions. I have no regrets as I did well when I sold it. Stephane and the folks at Virtual Network SA are also good people and they deserve to profit on the deal.

More importantly, Sedo’s auction of Pizza.com and this auction of Dollars.com are proof that the domain market can survive and thrive during a recession.

I still have tens of thousands of domains left. I’ll make far more money by the market continuing to rise than I ever could have made had I held on to Dollars.com for a bit longer.

Rick Schwartz has this saying: Nothing Counts Until A Sale Is Made.

I’m going to add to it here a little: A Sale Does Not Count Until It Is Paid For.

Pizza.com as far as I know is still pending, same goes for pizza.net, and who knows if the bidding for dollars.com is real or not. If we are looking for proof of market conditions we should look at paid deals, not what may very well turn out to be a market illusion.

Sahar

5 Responses to “A Sale Does Not Count Until It Is Paid For”

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1 Rick Latona
Apr 14th, 2008 at 11:23 am

Sahar,

I agree completely. I didn’t want to burst any bubbles but I intentially left out the fact that I have had many deals go sideways on Sedo. They are infamous for unfinished transactions. They really don’t do enough to verify buyers.
2 SEYI
Apr 14th, 2008 at 1:02 pm

Hi Sahar, sales aside. There is no doubt that auction like this is generating lot of interest and excitement in domain industry. Indirectly, big players like you would benefit from all this puplicity created by Sedo. Do you know how many media outlets reported the Pizza sale? You reported the one in the NYPost, remember? Hypes or no-hypes, lay people are being enlightened that serious dough could be made in this industry. Watchout! for Angels and VCs.

—-answer—-

I did not report it on the front page on the blog, I put it in the section of “my readings” which is, if I don’t comment on, strictly things I read and find interesting.

Sahar.
3 David Wrixon
Apr 14th, 2008 at 1:54 pm

Well we shall just have to wait and see, but I don’t see these turning into a dot Mobi style fiasco.
4 Rob Sequin
Apr 14th, 2008 at 6:27 pm

“and who knows if the bidding for dollars.com is real or not.”

Too bad that we have to have these thoughts about a major player in the secondary market. Funny, I don’t have these thoughts about Moniker, snapnames or even afternic.

Why is Sedo so bad?

I cringe every time I get an offer from the site. I have about a 50% completion rate there.
5 Dave Wrixon
Apr 15th, 2008 at 2:33 pm

I see Sedo has devalued the US Peso. Now only 300K.