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While 2-3 character domains continue to attract the highest prices, the report shows a trend of longer domain names rising in
value. It also noted that letters are more popular than numbers, regardless of
length. That has always been true in
Western markets but numbers are very
popular in the Far East. That
resulted in a surge in their value
when China became a major force in
the aftermarket several years ago
but the China boom has since
receded.
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The
UK passes China - now
2nd strongest
market for domain sales. Image
from Bigstock |
The
Escrow.com report referenced
how volatile demand
for domain names can be from
one country to another. It
noted " After a strong Q2,
China fell sharply in total transaction value for Q3, while the
United Kingdom overtook it as the
second strongest market for domain name sales. The
United States retains its spot at number one with the highest total transaction value.
There are many more market
details, along with
accompanying graphs, in the
full report here. |
On
another front, Escrow.com's
exclusive auction of Fashion.com
is now underway (bidders can register
here and will also find
full details on the auction at that
link). When the auction concludes
next month, Escrow.com believes
Fashion.com could approach the
all-time record price paid for
Voice.com in June ($30 million). If
that happens, the company's 4Q-2019
report will show an enormous jump in
total sales volume - a great
way to close out the 2019 sales
season.
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(Posted
October 29, 2019) |
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