Is .NYC Giving Us A Preview Of What’s To Come?

by Morgan on October 31, 2014

.NYC has posted some pretty amazing landrush sales numbers out of the gate with TheDomains.com reporting today a monster sale, Marijuana.nyc selling for $60,000. There were a lot of other pretty impressive sales and while the auctions apparently were small, there are a few people out there who already see very real value in .NYC domains.

Of course it’s still very early in the game and with auctions of no more than 5 people it can be easy to drive prices far above market value. However, that’s the catch with new gTLDs, there is no market value, this is a blank slate and the prices of these initial sales are going to be based more on who is bidding than anything else.

So here’s the question…is .NYC giving us a preview of the real value these new gTLDs could have in the aftermarket or are these outliers that will go down and wildly over-priced sales?

{ 7 comments… add one }

Brad Mugford October 31, 2014, 7:50 pm

Just like in pretty much every past landrush auction the prices are ridiculous. This is true with .mobi, .co, .asia, and on and on.

It could be related to shill bidding, auction games, or just stupid money in general.

Normally the landrush prices are peak value. There is no worse time to buy. The interest tends to only go down from there.

Some past amazing landrush buys –

Flowers.mobi – $200K
Mesothelioma.co – $76,000
LasVegas.asia – $30K

I don’t see many domainers putting up sales in relation to the new extensions. It always seems to be the registry making the sales……..

Brad

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Domenclature.com October 31, 2014, 8:45 pm

Mugford is right.

O.co went for #350,000 as reported by Domain Name Wire on July 19, 2010.

The interesting thing is that at 11:19 pm of the same date, a commentator there named “Brad” cried:
“The only people who make real money with new extensions are the registry, and a handful of insiders and people who are able to game the system. Everyone else is left fighting for the scraps at auction”.

I recommend checking out that article an DNW.

The thing that make Registries, and ICANN potent, and formidable, is NOT their business acumen, no not their high nose meetings, not even their Washington-DC connections; it’s that they have these bloggers that put out unverified PR and sales data. These domain bloggers come complete with a Weekly Journal, an Escrow company, a Boardroom, you name it, they have it. A cabal so complete, you pick on one at your own peril!

Yet, there’s no Plugin to “Shadow Ban” their blog posts, so the blogger is continued to be fooled into thinking anybody else is reading their piece.

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Justin Hetfield October 31, 2014, 9:02 pm

I’m really really getting tired of people comparing the new gtlds to “.co .asia or .mobi” Come on guys …

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Ron October 31, 2014, 10:43 pm

Guys were crying when they couldn’t buy music.mobi at sedo for $600K lol, who knows who was in this auction, could be friends of friends, $60K bid buys a few million in hype registrations, I dunno, anything is game in this wild wild west

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Englehardt November 1, 2014, 3:30 am

I think the new gtlds are foolish and don’t want one, even for free.

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Bill November 1, 2014, 4:17 am

Picked up maryjane.nyc for $130. Value Play. Have to be at least 20,000 Mary Jane’s in .nyc.

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DK November 1, 2014, 6:24 am

If you were here in new york, you would realize its far from hype. Goverment actively promotes, people already getting some domains, and more importantly its a geo brand. This is closed auction sale and likely with 2 end users. Since all other names went under 14k and vast vast majority under 3k. Its SEO value and its domain value has much greater potential then general .what ever extention that has no base. Its all about the bass… ( that song stock in my head)

And base is big, just saw .nyc stand in small business expo here in new york. Have you heard of Digital.nyc ? i suggest to check it out. There are already 26 google search pages full of only .nyc domains. There is hype and there is strong geo gtld back by goverment.

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