- Advertisement -

After Getting $106,769 for VanInsurance.co.uk, the Seller Wants $150,000 for VanInsurance.uk

Is NameCheap Going to Rebrand? This Suggests They Might…

NameCheap has had a great year so far. Recent financial statistics revealed to DomainNameWire show that the registrar has now hit 12 million domain...

Mike Mann Announces $94,888 Sale of LightRock.com

Mike Mann, the founder of DomainMarket.com, has taken to Twitter to announce his latest domain sale. According to Mike's tweet, he has sold the...

Data Driven: Unicorn Upgrades – When Did They Happen? – Part 2

Unicorn companies are privately held startups that have attained a valuation of $1 billion or more. A rare feat that only relatively few companies...

The Sales Roundup, GoDaddy Special: Why VanInsurance.co.uk Sold for $106,769, and More

This past week, GoDaddy disclosed a list of their top 20 domain sales for the month of June 2020. I'm going to be taking...

Chris Evans’ Former Production Company Sells Ginger.com to Company With $120 Million in Funding

If you're a startup that has decided to brand yourself on a generic dictionary word, what is your domain name strategy? For Ginger, the founders...

Yesterday, GoDaddy released its first domain sales list in five years. It’s a significant moment for a publicly listed company to willingly disclose data like this, and it’s only going to help the domain industry in the long term.

This Saturday, I’m going to do a special edition of the Sales Roundup analyzing some of the domain sales from that GoDaddy list, but there’s one piece of information that deserved an article of its own.

One of the more notable domain sales from GoDaddy’s list was that of VanInsurance.co.uk for $106,769. It was even more curious when we see that GoDaddy also sold VanInsurance.com for $100,000 – $6,769 less than the .CO.UK.

I’ll be looking at these two sales in closer detail on Saturday, but it seems that the seller of VanInsurance.co.uk is now looking for a more significant sum for a similar domain, VanInsurance.uk.

After Getting 6,769 for VanInsurance.co.uk, the Seller Wants 0,000 for VanInsurance.uk
VanInsurance.uk’s Landing Page

In 2014, the shorter .UK (not to be confused with the established .CO.UK) extension was released. If you already owned a .CO.UK domain, you had the right to register the equivalent .UK domain at any point up until June 2019 when these rights expired.

That means that owners of domains such as VanInsurance.co.uk were able to acquire VanInsurance.uk. I’m still not sold on the need or desire for a .UK extension that can easily be confused with the .CO.UK equivalent.

Nonetheless, they are in existence, and the owner of VanInsurance.uk is looking to cash in. After selling VanInsurance.co.uk for $106,769, they’re looking for $150,000 or more for the .UK equivalent.

I wonder whether the buyer of VanInsurance.co.uk was aware of the existence of the equivalent .UK domain. If another UK company acquires VanInsurance.uk, it could lead to some serious confusion between the two sites in the eyes of uninitiated consumers.

This speaks to the wider problems of trying to establish a .UK extension alongside the existing .CO.UK TLD. If you acquire one, you essentially have to acquire both, which could double your total purchase price.

 

Subscribe
Notify of
guest
2 Comments
Oldest
Newest
Inline Feedbacks
View all comments
Snoopy
Snoopy
10 days ago

Vaninsurance.uk isn’t really worth anything much. The extension is barely used in the UK and not seen as desirable. It is like comparing .com with .net.

Looks like the vaninsurance.com/co.uk people have decided to brand on vaninsurance.com and have bought the .co.uk for defensive reasons. They won’t buy the .uk.

James Iles
James Iles
9 days ago
Reply to  Snoopy

Absolutely. I think they made the best decision by acquiring the .COM and .CO.UK combo.

Advertisement
After Getting 6,769 for VanInsurance.co.uk, the Seller Wants 0,000 for VanInsurance.uk

Cannabis Delivery Company Amuse Launches on Amuse.com

The legal cannabis business is now a multi billion dollar machine. Since the legalization of cannabis in many US states, businesses have popped up to take advantage of interest and demand.

Domain sales based around cannabis have also been rife with names such as Kush.com selling for $500,000, and Extract.com selling for a reported $300,000.

Top 8 Domains Owned by Branded Holding Group

Branded Holding Group is a company that you may have come across if you've ever done any research into two-letter, or one-word .COM's. Founded by Roland Chemtob, Branded Holding Group is notable for owning some of the best names on the planet. The group looks to have sold some domains including Chief.com and possibly RG.com and Wonder.com, but they still own a vast number of premium names.

Here is my pick for the best names listed as owned by Branded Holding Group.

Leo Radvinsky – Another Venture Capitalist That Loves Domains, Namely Leo.com and LR.com

In the past, I've featured Paul Graham and Jason Calacanis on this blog. Two famous venture capitalists who recognize the part that domain names play in the success of a startup.

Jason has even acquired his fair share of top domain names. After selling 20.com a couple of years ago, Jason still owns and operates Inside.com - a popular curated newsletter service.

Today, I came across another venture capitalist who owns a couple of incredible domains - Leo Radvinsky.