Cybersquatting & Domain Dispute Attorneys / Lawyers: If The Number '5' License Plate is Worth $6.8 Million, What Is Your Domain Name Worth?

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Adam: I can't remember if I got to the CNN report through your reader or my daily read of CNN. But you should know that you are one of my top feeds for news and information about domain names. Keep up the great work. I'll work hard to be diligent on identifying domain news sources. Thanks for adding you link :-)

How did you come across such a great article ? ;)

wow.....great bucks

number 1 , number plate expexted to fetch more than amazing

The domaining community has been making this argument for years. All of the 3 domains are taken. All of the good 4 letter domains are also gone. There is no more property on on the lake in those categories.

And why not buy those domain properties now? Domain names are likely to keep appreciating as the market matures and companies start to realize that domain names have real value because of, in part, their scarcity.

There is only one in the WORLD. Rick sold this domain name too low. It is a great generic domain name. CNN got a great deal on that domain name.

I wonder how much of the ireport domain was driven by vanity? On the one hand, you can say that they needed the domain to match their ireport service. I would argue they 'wanted' the domain more than they absolutely 'needed' it. There must have been other options. As I recall, CNN started running ireport before they purchased the domain name from Rick. CNN's desire for the domain was driven by more than the pure 'vanity' component of a low number license plate, but still contained an element of 'want' over 'need.'

Domainers should not underestimate the role of vanity in their domain name sale negotiations. Domain name buyers are often driven by vanity at least in part on their domain name purchases.

This is pretty interesting. I read last week that ICANN was again kicking around the idea of registering single letter domains. Talk about scarcity! It will interesting to see the going rate for a single letter.

A lake home that continues to generate wealth... I love that analogy.

Look at what Rick Schwartz did with CNN did not even realize he owned Rick threw it in for free on top of their $750,000 purchase of the domain name. Could CNN have really been that dumb? They didn't even ask him what other domains or extensions he owned related to ireport?

It just goes to show that in this rapidly growing market, both domain buyers and domain sellers are still figuring it out.

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