Several recent sales have placed large smiles on the holders of some of the internet's most precious real estate: 3 Letter .com domains.
In the last two weeks, AMT.com sold for $100,000, BCF.com sold for $71,200 and CPG.com for a relative bargain of $25,400. These three sales are all of premium letter quality LLL.com domains, but even in the lower quality realm, prices are rising quickly. In the last two weeks, MXU.com sold for $7,000 and RQM.com sold for $5400.
So what does all this mean? For starters, many of these domains sold at auction, which yields the strong valuations of multiple bidders. Auction prices shed a great insight into valuation and price growth, as they allow the open market to set the final prices.
Perhaps the best insight from these sales and several other recent LLL.com sales is that the LLL.com market is starting to heat up again, and in a big way. Many have argued that letter quality rules the day in whether a specific LLL domain is "premium" or not, but with the prices LLL.com domains are commanding today, perhaps a blanket statement could now reflect that ALL LLL.com domains are premium domains.
Minimum wholesale values for June's 2007 report at www.3character.com are already showing a spike in valuation and the report due on June 1, 2007 will likely reflect a strong surge in LLL.com domain valuations.
