Was LA.com sold for too little?
The news surrounding the sale of the ultra-premium, two letter .com domain, LA.com, is rather shocking.
George Kirikos researched the acquisition’s background, and deep into the details located the domain’s selling price: $1.2 million dollars.
Two letter .com domains are the creme de la creme of digital assets, and they can range in price from hundreds of thousands, to millions of dollars.
Many are acquired by Chinese corporations, and George Kirikos often reports on such acquisitions.
According to public data, here are some recent, large LL .com sales:
- fb.com $8,500,000 September 2010
- ig.com $4,700,000 September 2013
- yp.com $3,850,000 November 2008
- mi.com $3,600,000 April 2014
- if.com $1,000,000 February 2003
- vu.com $700,000 November 2011
LA.com is unique among these short domains, being a popular shorthand of a large metropolis, Los Angeles.
With all this in mind, it’s time to take the people’s pulse, regarding the value of LA.com.
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Certainly too cheap.
Definitely a great deal for the buyer. The seller must of gone into debt or about to lose some physical assets and needing instant capital to sell for that amount, imo. You just never know though. I think it was worth way more than what was reported.
Commission was ….. % ?
LA.com was undersold imo in comparison to other LL .com sales. Either way it goes, I would have loved to be on the receiving end of that transaction (as the seller).
Should have sold for more money.