sells for $60,000 …. why ?

A moniker auction at the Internext show in Miami on Friday, listed among it’s sales, for $60,000. Now given that sold recently for a whacking $500,000 this might seem like a good deal but is a .net domain worth anything, even with a good name, if your not doing fuck all with it?

The buyers of these domains tend to buy them up – and then sit on them, possibly with a little traffic redirecting, they’re not building sites and they’re not out to create traffic with them (which would seem to be the most obvious thing to do). It’s a bit of a shame as a mega-site at would have to do well (even at

$60,000 ? I think the money would be better spent on a lesser known domain and then try to get traffic or build a site. I just don’t get it.

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