It was rather stunning event at TRAFFIC today and the last panel of the show, Meeting of the Chiefs". First, we found out that the $25 Million in reported domain sales by DNJournal.com for the 3rd quarter of 2013 was about 1/2 to 1/3 of unreported sales just by Escrow.com alone as reported by TheDomains.com.
Further, Andee Hill from Escrow.com went on to say that the total dollar volume of domain sales that get processed through Escrow.com, greatly exceed the amount that gets reported saying; “we close in some weeks more dollars in domain sales than what other company’s report in sales for the entire year."
Lastly, when asked about any sales larger than the record $14 Million Sex.com sale, we found out that Sex.com no longer holds the record. Andee Hill said she knew of one for $20 Million and Greg McNair added he also knew of a sale in excess of the sex.com sale. Now this does not mean there have not been sales in excess of $20 Million because this does not include private sales using buyer and sellers own lawyers that may hold even larger sales. Some specualte they may have reached levels of $50-$100 Million.
Let me close with this.
The domain channel is much larger than anyone thinks and top notch domain sales are SIZZLING! There is no hotter commodity on the market today than a meaningful domain name.