I find it amusing to see eBay auctions of .com.au domain names with price tags in the millions of dollars. Today I saw “paris hiltons party” .com.au listed for $5,000,000 (Buy Now). Now I’ve always been a firm believer that “worth” or “value” is only what someone else is willing to pay. However, if someone (stupid) paid $5 million for a domain name like that, does it mean it’s valued at that price? Certainly not. I guess if it went to auction and at least two people were bidding to that price, then maybe. You could always assume that some other stupid person was willing to pay that much, so its “worth” it.
A domain name’s sale price, especially .com.au, is extremely hard to evaluate. There are lots of methods and key indicators the industry uses to value a domain name, such as length (characters), extension (.com.au not .net.au), number of words, hyphenations, spelling, plural/singular, common words, search engine counts, branding ability and so on. There’s also precedent or past sales, this is one of the biggest factors for appraisal of anything, unfortunately, there’s not a lot of data on Australian domain name sales.
I was recently present at TRAFFIC Down Under, for the Aftermarket.com and Rick Latona domain name auctions. I’ve recorded some data that may help you to appraise your domain name. If you have a .com.au domain name for sale, or would like some help with appraisal, I am happy to discuss it with you. The following names (Aftermarket Auction) sold in USD, at the time of the auction the AUD was at 64 US cents.
Hunting.com.au sold for $1,500
JobListings.com.au was passed in with a reserve of $3,000
Undergraduate.com.au sold for $1,600
Camp.com.au sold for $2,600
Jackets.com.au sold for $3,000
Barbecuing.com.au sold for $500
Essays.com.au sold for $1,600
SurfingLessons.com.au sold for $2,200
Shout.com.au sold for $1,000
Rules.com.au sold for $700
Toons.com.au sold for $500
Jeweller.com.au sold for $9,200
Athletic.com.au was passed in with a reserve of $2,000
Knit.com.au sold for $700
Laughter.com.au was passed in with a reserve of $2,000
MensClothing sold for $4,000
CDs.com.au sold for $2,000
Branding.com.au sold for $2,500
Authentication.com.au sold for $500
Pollution.com.au sold for $3,000
Enter.com.au was passed in with a reserve of $2,000
Plans.com.au sold for $2,700
Parasailing.com.au sold for $1,700
DirtBiking.com.au sold for $500
JetSkiing.com.au sold for $2,000
Bake.com.au sold for $800
Broadcasting.com.au sold for $2,000
Up.com.au sold for $2,700
The following names (Rick Latona Auction) sold in USD, at the time of the auction the AUD was at 64 US cents.
Adopt.com.au sold for $400
CampSites.com.au sold for $1,300
CharterAirplane.com.au sold for $2,750
Friend.com.au sold for $3,000
History.com.au sold for $8,500
Instuments.com.au sold for $2,200
Snowboards.com.au sold for $6,000
I intended to post some more commentary about these sales, but it’s dinner time.