godaddy can be great. they are my main registrar, i have a dedicated rep who is knowledgeable and helpful. however the lower level customer service reps are often very dumb and get things wrong.

Some guy in the comments converted many of those sales into US dollars and got the following sales amounts:

DOMAIN/USD

yao.com 3,316,000
gg.com 2,622,000
house.com 2,499,000
hg.com 2,468,000
banana.com 2,036,000
lp.com 1,030,000
nr.com 879,000
886.com 858,000
828.com 679,000
123.cn 648,000
689.com 540,000
262.com 509,000
183.com 440,000
girl.com 355,000

Five domain sales of 2 million dollars or more.

Thank you for explaining me what LLLL means.

And as I nice person, I'l do your homework and show you proof that LQ LLLL's are not worth much. Yes, they are 5+ times more expensive than year or so ago ... but still nothing special.

https://sedo.com/auction/auction_det...rigin=homepage
https://sedo.com/auction/auction_det...rigin=homepage
https://sedo.com/auction/auction_det...rigin=homepage

Big money deals

Those're overpriced

You obviously haven't read all the links in this thread. There are plenty of losers here at GFY. All you've proved is that you're one of them so why am I not surprised that you absolutely do not understand the Domain Name market?

Domain Names are not like a commodities market where there is a fixed market price for a commodity determined on an exchange. As I explained previously, not all LLLL.com are created equally and I never said LQ LLLL are going to necessarily sell for high prices because the issue is precisely the quality, the letters, combinations, connotations, radio friendliness, potential uses, etc and Finding the Right Buyer. There are also MANY factors that determine value.

There may well be many that sell for low prices but conversely, just because they sell under $300 USD does not mean they not flipped for 4x or 5x in short order - which is where the opportunity is. The buyers could well have got themselves a bargain as LLLL dot coms can and do very consistently sell in 4 figures. All three of your examples, estibot values, taken as an average, well OVER $4k. We would have paid considerably higher than those sale prices you showed us, had we known about them.

There are 1000's of closed auctions for 4L dot coms at $3k to $10k or even higher. There are at least thirty LLLL.com sales at over $2k over the last couple weeks alone reported here in the industry magazine:

Two 6-Figure Sales Top This Week's Chart - Three of the Four Biggest Sales Are 3-Letter .Coms

Reported sales are usually a tiny fraction of a real sales volume.

77.com Sells For $5m Plus
 

The news is coming thick and fast here.

77.com Sells For Over $5 million USD.

https://www.namepros.com/blog/breaki...00-000.905314/

If that doesn't turn you green, you should obtain some paint from a local store and paint yourself green :1orglaugh

I know the valuations come as a surprise to many. It did me also until I learned hat was really happening.

Since the Chinese Stock market has all but crashed and they can no longer play BitCoins. The money from the new middle class is looking for liquid portable investments. The domain market is not regulated in any way in China.

A few smart guys turned domains into a commodity.
Bringing in investment money that had to be invested in domains.

The language there is of 2 types. Many names are bought on the idea of sounds and may make no sense in English at all.

Not many are investing in "words" yet. And most words do not translate well between Chinese and English in just one or even two words. Google translate is not a good choice for real translations where money is on the line.

The market could go higher, but will last be shortened by it's height.
Now is a good time to make a profit and sell if you are holding.

I still believe the value is a bit overpriced in this way for some, not all of the niches they seem to be interested in.
The value placed on a name has to represent what a end-user of a name might pay plus a profit margin. This is a investment. We are not buying marbles or snowflakes or paintings to be admired.

Most of what they are placing a high value to will have little to no chance of a end user need or want let alone competition for it from more than one player in the next 10 years.

Unless something changes, that does not apply to the 2L & 3L .com's but in that case, they are pricing them high enough that they will not have a likely buyer even if there is a need or want.

If they do not change their buying rabbits and concentrate on names that have a chance of end-user demand in 8 years or less... well ...how do you spell bubble market ?

Well 4L Dot Coms which exclude letters a, e, i, o, u and v are known as CHIPs in Domain Name terminology. They were selling for $30 just 7 or 8 years back and today $2k seems to be the floor in most cases and $3k plus sales happen quite often.

Yes its true that the Chinese are investing in the internet but as you say, they are looking for portable wealth, in order to thwart capital controls but also to evade a likely forthcoming devaluation of the Chinese RMB.

It doesn't apply to 2L or 3L dot coms because taken together, there are only around 18,000 in total. For perspective, there are over 50,000 cities in the world.

I presume you mean habits rather than rabbits (which are eaten in China).

Anyhow, the point is it all comes down to the numbers, rarity, demand and supply etc. I definitely think that short Domain Names in LLLL.com (CHIP or otherwise) are now proven to at least some degree because they are in wide use and are acronyms of words which have actual meanings in Chinese.

LLLL.com = 457k combinations
CHIP LLLL.com (excl a,e,i,o,u,v) = 160k combinations
CHIP 6N (excl 0,1,4) = 117k combinations

No-one can predict how the market will develop but for sure, short domains are going to be in demand going forward the chinese market also has a real penchant for numeric domain names.

too late to get in to the LLLL.com thing now...its already peaked...going 5l or 6l is crazy...

you are too late for this train....

Fiddy ...... I sell short domains for China people

Wrong cruci...... people have been saying that for over 15 years and its just beginning but it will slow down a lot if everything crashes this year and that will be a good time to buy.

you can buy good LLLL.com easily for under $400 if it doesnt have those letters which the chinese people want for other purposes, yet often they will buy those domains anyway but so does everyone else in the world.

I'll sell you shart.club for $100 :upsidedow

Or gaytube.xyz for $200, domain only.

Or nc17.xyz for $400 :winkwink:

I have a 4l I might take an offer on.

I ha e a LLN.com what could it be worth?

I'll try to sale then few short domains that i own

So where can these wealthy Chinese buyers be found?!

If you own the kind of domains they like, then generally you'll find them in your inbox every week.