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Posts tagged: Heritage Auctions

Nobody wants the domain Spokane.com? What would you offer to buy it for?

News alert:  No one offered to buy the domain Spokane.com in a recent online auction. No bids came in.

The owner set starting bids at $125,000, hoping to hit a reserve price of $250,000.

That's apparently too high.  No one made a single bid, said Aron Meystedt, who runs a division of Heritage Auctions, which ran the recent auction. The auctioneer is based in Dallas.

The auction ended April 9. The listed owner lives in Hilton Head, SC. He owns a domain company, meaning that his firm owns a fair number of other domains.

As a result the owner has sent the property to a buy-it-now sale at the following link.

There the buy-it price is a staggering $287,500.  The owner also offers a “make an offer” option.

Meystedt emailed the SR saying the domain is regarded (by some) as potentially worth a lot.

He said, by email, “The major city .com domains are selling for 7 and 8 figure amounts (Dallas.com, Chicago.com, Boston.com).  Spokane.com is a fraction of these amounts.”

Yes, but what fraction would that be?

What do you think Spokane.com is worth?  Keep in mind the best likely use for a domain like this would be for some tourism-related, location-promotional kind of organization.   Trouble is, the organizations that do that kind of work already have established and successful URLs. Why would they even want Spokane.com? 

Note: The Cowles Co. (publisher of The Spokesman-Review) owns the domain Spokane.net. It has never owned Spokane.com.

 

 

 

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