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    Highlights of the ICANNWatch Archive
    (June 1999 - March 2001)

    Minor Memos Secondary Market in Domain Names Turns Down
    posted by DavidP on Friday September 07 2001, @08:02AM

    According to an article by Anandashankar Mazumdar in BNA's "E-Commerce Law Daily," hard times have befallen the secondary market for domain names, part and parcel of the general downturn in the "internet economy."

    Was it "irrational exuberance" that drove up prices of domain names 18 months ago to unbelievable heights? Or is the system undergoing a perfectly predictable 'self-correction'? Or something else, perhaps: as new TLDs come on board, and as efforts continue to develop search tools to allow users to find websites independent of their actual URLs, don't we expect, and want, the 'value' of domain names (which clearly were inflated by artificial initial scarcity -- only one xyz.anything that was worth anything at all) to fall, preciptitously?

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  • article by Anandashankar Mazumdar in BNA's "E-Commerce Law Daily,"
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    Secondary Market in Domain Names Turns Down | Log in/Create an Account | Top | 5 comments | Search Discussion
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    Re: Secondary Market in Domain Names Turns Down
    by fnord (reversethis-{moc.oohay} {ta} {k2yorg}) on Friday September 07 2001, @11:26AM (#2275)
    User #2810 Info
    Ah well, this is what I've been saying here and elsewhere for at least a year. As I pointed out most recently Afternic and similar sites are looking like virtual ghost towns. The buyers have long since left the building and now the sellers are off receiving reality therapy. A branded unique name is only worth something if you do something with it (EGs: Amazon, Yahoo, eBay, benicetobears, ICANNWatch). I fail to see why someone would buy a previously branded name for their own business. Meanwhile a generic name was worthwhile back in the good old days for those blind type-ins so ballyhooed by the hoarders but it is meaningless in a multiple TLD space (and according to my server logs on various sites over the last few years it was always much overrated). Some search engines would give bonus points if you had the search term as, or in, your sLD, but they now only parse how much you are willing to pay them. Even if that weren't so, it was spoofed so successfully by pr0n sites that search engines stopped pointing at the apparently obvious, and for a short while back in the golden age, actually tried to find what you were looking for. Welcome to the internet age of dross. -g
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