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observation on lower total
sales figures than usual at live domain auctions. My
opinion, as I wrote several weeks ago, was that the total
volume of sales had not changed at all and the total
dollar volume was simply getting split among a larger
number of live auction venues.
Now that the final numbers
are in, the data bears that out - or to be more accurate
it shows that the reality is exactly opposite of the
pessimistic opinions that have been expressed. The
first quarter of 2008 wound up being the best domain
sales quarter reported since we started
tracking the market back in the fall of 2003. A total of
$38,029,543 in domain sales were reported in 1Q-2008,
a spectacular 78% jump over the $21,253,105 reported
in the first quarter of 2007 - before the current
dislocations in the general |
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economy started appearing.
1Q-2008 was also 12% better than the $34,089,484
registered in the fourth quarter of 2007. For
all of 2007 $120,805,509 in sales were reported -
an average of $30,201,377 per quarter. So the
latest quarter was 26% higher than the average
quarter last year.
The data
shows that the domain market continues to be a beacon
of strength in an otherwise deteriorating economy.
Will that continue? Who knows - but right now I think we
all have reason to be thankful to be in the business we
are in.
(Posted
April 2, 2008) |
