BestOdds.com sells for 3.6M USD (1 Viewing)

Esdiel

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Rick Schwartz, "The Domain King", has done it again.

After a brief hiatus from Twitter due to his concerns over the current censorship issues, Rick returned this morning to announce how he sold BestOdds.com for a total of 3.6 million USD.

He also made a point to highlight how Estibot only valued the domain at 730 USD, and how these valuation tools are "crappy" and only a "fool" would rely on them, and so on.

Screen-Shot-2021-01-27-at-11-28-51-AM.png

https://twitter.com/DomainKing/status/1354433124046950404

According to his blog post (see link below), he worked out the deal over "3 zoom calls and 45 minutes", and that it then took another 7-8 weeks for the lawyers to work out the details of the contract. The deal isn't just one big payment of 3.6 million either. It is said he will be receiving 1.8 million as payment (which was his actual listing price too), but will also receive another 1.8 million in royalties over the next 10 years.

The domain still forwards to his website but apparently it's a done deal, contractually speaking, and of course there's no NDA. Rick explains in his post how he always rejects NDAs, and how NDAs are a "DEAL-BREAKER" for him.

For those who may have missed it, Rick also sold GoBet.com for 850K USD this month...

Rick is certainly quite the character, a legend with no filter, who seems to constantly live up to his self-proclaimed title: The Domain King. Congrats to Rick, we should all be thankful he shares his sales, strategies, and opinions with us.

https://www.ricksblog.com/2021/01/b...appraisal-730-fail-fake-fckedup/#.YBGTrelKjN0
 

Spex

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Amazing sale. 99% of us would have accepted just 10% of that
 

DomainRecap

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And it certainly doesn't hurt that Rick is uber-rich already and at this point in his life, really only wants newsworthy sales that will create a huge stir.
 

domains

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I think not having any urgency whatsoever to make money is probably one of the best selling attributes to have when it comes to selling your domains. Or the appearance of that.
 

theinvestor

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domains said:
I think not having any urgency whatsoever to make money is probably one of the best selling attributes to have when it comes to selling your domains. Or the appearance of that.

Which is why I don’t list any domains with BIN.
 

DomainTrader

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Esdiel said:
Rick Schwartz, "The Domain King", has done it again.

After a brief hiatus from Twitter due to his concerns over the current censorship issues, Rick returned this morning to announce how he sold BestOdds.com for a total of 3.6 million USD.

He also made a point to highlight how Estibot only valued the domain at 730 USD, and how these valuation tools are "crappy" and only a "fool" would rely on them, and so on.


Rick is an amazing guy! Big personality, great salesman, has done more for domains than anyone else period! That’s why he’s the domain king
 

DomainTrader

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domains said:
What can you say, the power of having good/great domains and holding out for your price.

They would have had me under a million :D

LOL

Me too.
 

Esdiel

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