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December 05, 2014

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Here's the The Lowdown from DN Journal,
updated daily
to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

...And the Hits Just Keep on Coming! A 7-Figure Domain Sale is Reported for the 3rd Week in a Row

For the 3rd time in as many weeks a 7-figure domain sale has come to light (with the most recent two both uncovered by George Kirikos). George dropped us a note today to report a $1 million sale of QNB.com that he discovered while  going through an SEC filing made by Pennsylvania's QNB Corp. (the parent company of QNB Bank). QNB Corp. sold their three-letter domain to foreign bank - Qatar National Bank - and filled the gap by moving their site to QNBBank.com.  

Million dollar image from Bigstock

 

We will be charting this sale in our next weekly domain sales report that will be out Wednesday evening (December 10). It will be the 11th 7-figure sale charted so far this year with four of those coming over the past five weeks. 

The hot streak started when we charted the $1,261,000 of  Power.com on November 12. A slow week followed by then on November 26 our weekly chart was topped by the biggest sale of the year to day, Z.com at $6,784,000. Then this week we were able to tell you about a deal George alerted us to that has Invest.com changing hands for more than $5 million. We haven't been able to chart that one yet for two reasons - 1) the buyer, while confirming the amount was over $5 million has not released the exact price paid and 2) the domain is still in escrow (perhaps being paid for over time). Now comes QNB.com which can be charted next Wednesday.

It is always good to close out a year with momentum on your side and if this trend continues 2014 will have a nice swan song indeed and leave many excited about the prospects for the new year ahead. 

(Posted Dec. 5, 2014) 


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