I don’t want to sound like a broken record, but I can’t stop noticing the trend – 5N .COMs are seeing really active bidding and four-figure prices in the aftermarket. Looking at the expired domain auctions ahead this week at Go Daddy three of the ten highest priced auctions are 5N .COMs.
Here’s a look at the complete top ten list:
The top 5N .COM right now is 82348.com which is currently sitting at $2,050 with more than two days left to go so I wouldn’t be surprised to see this sell for north of $3,000. Given that it’s investors that are buying these names you just have to think they have somewhere that they can resell them for more.
The magic question is – where, or to who?
IMHO it seems like buying a bunch of 5N .COMs for thousands of dollars would leave an investor sitting on a bunch of names that would be pretty darn hard to sell for any profit at all. Still, 5N .COMs are dropping every week which means that domain owners out there don’t even want to pay the $10 to renew them, yet investors are willing to pay thousands of dollars for the exact same domains.
Yes, the domain industry is a crazy place and as I’ve said many times before, numeric domains aren’t my thing…but lately I’ve been thinking maybe I should do more research and start buying more numeric .COMs.
What do you think? Are there people out there that are able to flip these 5N .COMs for a nice profit? I want to hear from you, comment and let your voice be heard!