TechCrunch Covers DOMAINfest Barcelona Auction with Social.com’s $5 Million Opening Bid

It was exciting to see TechCrunch cover a Domaining story today as they discussed the potential sale of Social.com at DOMAINfest Barcelona. The domain has an opening bid price of $5 million dollars and TechCrunch thought this was newsworthy despite thinking that the price itself was far too high. In the article Erick Schonfeld says, “Any takers? At $5 million? I think that’s crazy, but what do I know.”

techcrunch_social

Social.com is still owned by its original owner, Scott Carter who registered the domain back in 1997. In fact he did try to sell it for $50,000 but didn’t have any takers. The article references Jeff Gabriel’s Sex.com sale as the highest domain sale of all time and mentions that this could get in that range given that sex.com had a $1 million starting price.

There are only a few comments now but it will be interesting to see what the general public (or TechCrunch reading public) think about this domain with a $5 million price tag.

What do you think, is Social.com worth $5 million or more?

{ 3 comments… add one }

  • T1D June 1, 2011, 5:01 pm

    I think if it gets sold it will be a deal after the auction for about $1 to $2M. The owner would be nuts to turn that kind of money down.

    The guy who should be buying it is Bill Gross who is working on a Twitter competitor. He’s got the personal wealth to acquire it himself. He’s got a pretty great portfolio to begin with via Idealab. Feedback.com, Desktop.com, BabySitter.com, top20.com, epass.com, homemarket.com, ihave.com, WaterAndPower.com and even some questionable ones like VoiceVillage.com.

    We’ll see what happens. I hope it goes for reserve, only helps me out.

    Reply
  • TechStartups June 6, 2011, 3:51 pm

    I read that GreatApps.com is for sale with bids starting at $1mil.

    I like that name better and Apps are probably more relevant.

    Reply
  • Scott Bender June 30, 2011, 6:56 pm

    Morgan:

    That has to make my http://www.sosocial.com and http://www.socialguru.com worth more too 🙂

    Scott Bender

    Reply

Leave a Comment