Report: 143.com Sold for Undisclosed Sum
Manmeet Singh of JUA.in is reporting that his company brokered the sale of 143.com for an undisclosed sum of money:
— Jua.in (@Jua_in) May 22, 2015
After receiving an email from Manmeet and seeing the tweet above and a post on Facebook, I reached out to see if he could share any information about the sale or insight about the domain name. Here’s what he had to say about the deal that has already reportedly closed:
“We knew it very well that 143.com would sell, like a piece of cake, and at a price our Chinese domain name investor was expecting, however the price tag being in 6 figures commanded us to get out there in market and work for the money. We reached out to several non-Chinese investors for their interest since 4 is the least favorable digit for Chinese investors. On the way, we happened to discuss potential co-broker opportunity with our dear friend Andy (from UpMarketDNS.com) and were able to get what we wanted in minimum time (sale happened within few days of accepting domain name for brokerage) possible.
It’s definitely not one of the best examples of a short numeric domain name sale as per my experience since buyer got one heck of a deal at the price. The NNN.com market is hot with Chinese investment flowing in heavily these days, however also important to note that the buyer is not Chinese and purchased it purely as an investment (buyer is the same who bought EO.com as he informed me about it couple of days ago).
In our opinion, the value of short and numeric assets will continue to rise in coming days. We also happened to close the sale of TP.net & TF.net last week for combined value of mid five figures in two separate deals to Chinese domain name investors. Interestingly, seller of these domain names requested for NDA on prices rather than buyers because we still have few more to go for him.
We are fairly new to the domain name brokerage world, however currently have several LL.com, LL.net. LLL.com and NNN.com with us for sale and only disclose successfully completed transactions once closed at the escrow company. Cynthia from DN.com played a key role in completing these transactions securely, and on time.”
In addition to JUA.in, Manmeet is Founder & President of the Domain Name Owners Association of India. He was also the organizer of the DomainX conference in India.
If I learn more about the buyer or how the domain name will be used, I will do my best to write an update.
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