Gold.co.uk sells for £600,000

[DaveP]

A truly remarkable sale!

http://www.telegraph.co.uk/technolo...ches-record-price-for-.co.uk-domain-name.html

Dave

 

[Adam H]

Awesome, I like this quote “I guess there’s a little bit of vanity in it, but it’s pragmatic vanity.”

 

[bensd]

Was this Barry's sale or did the new owner flip it?

 

[Murray]

Was this Barry's sale or did the new owner flip it?

http://www.sourcewire.com/news/64227/gold-co-uk-domain-packages-sold-for-400k#.VfpkLN9Viko

Was with Scott, don't know what happened with it after that

 

[redbird]

http://morganlinton.com/gold-co-uk-reportedly-sold-for-600000/

Psychic Media is (or was) a member here (and coincidentally 5 miles away from me although never met) but forget the username.

Dave

 

[domainseller200]

http://www.ft.com/cms/s/0/119abbda-e0f6-11e4-8b1a-00144feab7de.html#axzz3lykyNBk2

You have to love a success story

"Rob Halliday-Stein, 37, founded online bullion dealer BullionByPost in 2008, using £10,000 from his mother’s will.

After his mother’s death, he decided to invest part of his inheritance in gold and silver. Put off by the unfriendliness and high premiums of established bullion dealers, he recognised a gap in the market for the small investor, which coincided with the banking crisis"

 

[Murray]

"Rob Halliday-Stein, 37, founded online bullion dealer BullionByPost in 2008, using £10,000 from his mother’s will.

I might be being dumb, but how would you start a bullion company with £10,000 when an oz of gold at the time was about £1000 and you only make 5% extra generally on top of the melt price?

 

[Edwin]

It's a fabulous synergy for the buyer when you dig into his company's situation. Yes, it's going to take "a while" to see a positive ROI, but it throws rocket fuel on their credibility within their niche, and should help them seize an even bigger share of business.

(Also, it's a splendid result for the seller - I believe 99% of people reading this thread, mysely included, would have blinked and sold it much cheaper than the price that was ultimately attained)

 

[accelerator]

I think the .uk market needed something like this. I think it's a great investment and should easily pay itself back.

Given that the world's banking sector is on shaky ground, the prospects for gold services like Bullion By Post look good.

Congrats to the buyer and seller.

 

[Adam H]

I
I believe 99% of people reading this thread, mysely included, would have blinked and sold it much cheaper than the price that was ultimately attained)

Agreed, I personally believe that's what's wrong with the UK domain industry as a whole and why there is such a gulf between the .uk and .com market. I believe too many UK orientated domainers are too eagar to offload reasonable domains to other domainers at "reseller" prices that it drowns the market for potential. When offers come in no one punches high and allows to be brought down.

 

[ian]

Interested view he has though:

"We haven’t earned the money back yet, but I’m taking a 20-year view on it"

Does he still see domains having to the same impact in 20 years then? Interesting.

 

[scottsmith]

.

 

[Edwin]

They recently launched their first TV ad on the back of the new web address...
http://www.guerillascope.co.uk/pres...d.co.uk-unveils-debut-tv-advertising-campaign

 

[Lovekraft]

wow, nice to see such an incredible sale, nice little boost for the industry.

 

[mat]

I might be being dumb, but how would you start a bullion company with £10,000 when an oz of gold at the time was about £1000 and you only make 5% extra generally on top of the melt price?

I believe the money was mainly invested in the website and marketing with a bullion supplier acting as a drop shipper for him at first.

 

[Brassneck]

Something doesn't add up with this story, I sold Gold.co.uk to Rob about 2 years ago and it wasn't for anything like that amount...............

Nothing is what it seems in this industry.

 

[KarlM]

Nice bit of marketing?

Something doesn't add up with this story, I sold Gold.co.uk to Rob about 2 years ago and it wasn't for anything like that amount...............

 

[ian]

As an aside, anyone currently investing in gold or silver? Any opinions on where prices are likely to go? Haven't looked myself in a year or so and quite surprised how much they've dropped. Quite interested in silver actually, as I believe no more can be produced?

 

[Rob_F]

They recently launched their first TV ad on the back of the new web address...
http://www.guerillascope.co.uk/pres...d.co.uk-unveils-debut-tv-advertising-campaign

They are also running Radio Ads, heard one of them on Classic FM the other day.

- Rob

 

[Rob_F]

Something doesn't add up with this story, I sold Gold.co.uk to Rob about 2 years ago and it wasn't for anything like that amount...............

Taylor?

- Rob