401.com sells for 65k on namejet

[dominator]

If someone spends the money then in their mind the domain is worth what they paid for it.

sure, but we discuss domains here
it's our business
we can have our own opinion

if only one person believed it's worth that much, then he could have bought it cheaper eventually...

 

[actnow]

sure, but we discuss domains here
it's our business
we can have our own opinion

if only one person believed it's worth that much, then he could have bought it cheaper eventually...

Or, lets look at another factor that might effect the sale price.
Because of the inefficiency of selling domains, if one more serious buyer (or enduser)
knew about the possible purchase, the price could have been higher.


I'm positive the domain could have sold for more if more people knew it was for sale.
I wonder if there is a company named 401 Retail Corp.

Or, if there is a new product (cellphone, car, truck, jet) that is named "401".
I wonder if they would pay more?

 

[Gerry]

Or, if there is a new product (cellphone, car, truck, jet) that is named "401".
I wonder if they would pay more?

All of this speculation is nonsense.

Does anyone care to guess what 501 would sell for if was on the market?

911
611
411
888
336
403

All of those numbers mean something to some people.

Why is it if we don't know what it means, never heard of it, don't know what it is used for - we don't like it therefore it is worthless.

Many here are in the wrong forum.

To think individual tastes or lack of knowledge dictates the perceived or real value of something is laughable.

To post what something else sold for is history.

Historical data has nothing to do with trends or what is going on now.

To quote some bogus guide is a shame.

It is a shame to think that someone needs a guide to tell them what something is worth.

No two words or numbers are alike.

So why compare them? solely for comparison's sake?

 

[Theo]

One "k" short of a six figure domain.

 

[DaddyHalbucks]

401 is the area code for Rhode Island, but...

... that would probably lessen its value rather than increase it.

Businesses and people are fleeing RI's high tax, high welfare, high corruption, high crime, blue state, union state, nanny state socialist dystopia.

 

[Gerry]

401 is the area code for Rhode Island, but...

... that would probably lessen its value rather than increase it.

Businesses and people are fleeing RI's high tax, high welfare, high corruption, high crime, blue state, union state, nanny state socialist dystopia.

Even the hockey team fled several years ago.

 

[DaddyHalbucks]

Does anyone care to guess what 501 would sell for if was on the market?

501.com probably has a negative value. That's right, it is likely worth less than $0. My guess is that it has a value of around -$250,000. That's because Levi-Strauss and company could claim it for containing their famous, registered, and distinctive trademark. They could sue you in federal court, and you might have to pay statutory damages, your lawyers' fees, and perhaps, their lawyers' fees.

If you could develop a legitimate use, you might be able to defend it, but, in general, your odds are not good when up against a big corporation.

 

[Gerry]

501.com probably has a negative value.

My point precisely.

What means nothing to some has enormous potential and value to others.

And Levi Strauss does own 501.com

 

[Yum]

I cannot find any valuable factors in 401.com
Maybe i am wrong.

 

[rebirth]

I cannot find any valuable factors in 401.com

Duh!?

 

[sevent]

501.com probably has a negative value. That's right, it is likely worth less than $0. My guess is that it has a value of around -$250,000. That's because Levi-Strauss and company could claim it for containing their famous, registered, and distinctive trademark. They could sue you in federal court, and you might have to pay statutory damages, your lawyers' fees, and perhaps, their lawyers' fees.

Numbers are not trademarkable (imagine the difficulty if they were). That makes investing in pure numeric's about as safe as it gets.

 

[wussadotcom]

If its was a 404 then that would have been valuable but 401 does not seem to have any specific meaning.

 

[dominator]

401.com sells for 65k on namejet

it would be worse to pay 401k for 65k.com

 

[Gerry]

Numbers are not trademarkable (imagine the difficulty if they were).

Wrong.

People have this great misconception of Trademarks.

Break it down.

Trade Mark.

Do you think the way Dale Earnhardt's number 3 was designed and emblazzened on everything was not trademarked?

And the example were are talking about, 501 and how Levi struass depicts that is not trademarked?

And, not surprisingly, there are other trademarks for the same numbers, different holders.

Look at it like this; A unique mark used in conducting trade.

How Dale Earnhardt Racing uses the number 3 and how Levi's uses the number 501 is unique unto itself and may not be used by someone else.

That Mark that they use to conduct trade.

Word Mark 501
Goods and Services IC 025. US 039. G & S: JEANS. FIRST USE: 19691231. FIRST USE IN COMMERCE: 19691231
Mark Drawing Code (1) TYPED DRAWING
Serial Number 73768165
Filing Date October 24, 1988
Current Filing Basis 1A
Original Filing Basis 1A
Published for Opposition May 30, 1989
Registration Number 1552985
Registration Date August 22, 1989
Owner (REGISTRANT) LEVI STRAUSS & CO. CORPORATION DELAWARE 1155 BATTERY STREET SAN FRANCISCO CALIFORNIA 94111
Assignment Recorded ASSIGNMENT RECORDED
Attorney of Record KAREN S. FRANK
Type of Mark TRADEMARK
Register PRINCIPAL
Affidavit Text SECT 15. SECT 8 (6-YR).

 

[actnow]

Maybe tonight, DNJ will announce a particular sale that might seem high to some domainers.
Because, some might have a mindset. But, someone thought the domain was worth ???


If announced tonight, I'm sure some domainers will be talking about it.

Today, DNJ reported that LV1.com sold for $ 48K.
All of the comments about 401.com could be said about LV1.com
Again, it sold for more than 3 character would say it is worth.

http://dnjournal.com/domainsales.htm

Bottom line, just because you can not justify why someone paid a particular amount,
does not make the domain not worth that amount.

 

[tetrapak]

Exactly. Porsche originally wanted to launch the 911 under the name 901, however in France they had some TM problems. They wouldn't let them use the second digit as zero as it was already in use by Peugeot. So that was the reason they ended up using 1 as the second digit, making it 911..

 

[dominator]

Bottom line, just because you can not justify why someone paid a particular amount, does not make the domain not worth that amount.

if they sell the domain cheaper and lose money, then we know it was not worth it

 

[actnow]

if they sell the domain cheaper and lose money, then we know it was not worth it

The value of the domain is what it sells for today.

Tomorrow, it could sell for less because of many of factors.
Such as - need for cash, estate sale, etc.

Today, crude oil is trading at $ 51. a barrel.
Last week, it was up to $ 55.
And, 9 months ago, it traded for $ 147.

The oil was worth $ 147. when it traded at that price.

And, before you rebuttal that domains are not the same as oil, here is a quote
from DNJ report today.

"FBS.com at $16,000.
FBS.com had previously changed hands a little over a year ago (in February 2008) through DomainState.com forum for $25,000."

 

[kwok]

wow auction that lasted for 4 hours

http://www.namejet.com/Pages/Auctions/StandardDetails.aspx?auctionid=3075409&lt=reports

wow is a good response.

 

[sevent]

Wrong.

People have this great misconception of Trademarks.

[SNIP]


Mark Drawing Code (1) TYPED DRAWING

Uh, wrong squared

Intel decided to change the name of their processor for this very reason. Check out the Wikipedia article about the Pentium brand.

IMNA trademark L, but basically what Levi's appears to have is protection against others using their stylized 501 logo in commerce. Obviously, if you put their logo on a 501.tld name and tried to sell jeans you would have problems.

Companies use pure numbers for products, models, internal documents, all kinds of things that can become famous in their own right. But I can't think of a single famous, non numeric.com that has branded itself as just a number.

Obviously anything can happen in a domain dispute and there's no such thing as 100% immunity, but IMO you're much better off with a "famous" parked NNN like 747.com (not mine, btw) than trying to defend a well known LLL or generic word even with a developed site.