Overstock.com announced last week it purchased the domain name O.co from the .CO Domain Registry for a whopping $350,000.
While news of o.CO is certainly a notable sale, the transaction was brokered directly by the registry. But in a year of blockbuster domain sales — could a .CO domain hand-registered by a speculator during the landrush make the top domain sales of 2010?
.Biz versus .Co
What we know is, over 325,000 .co domains have been registered to date. The surge in registrations and marketing of the domain, could drive some domains to record prices. .Biz, a domain that was created in 2001, had its highest reported sale in 2009 with e.biz selling for $66,000 — far less than than price of o.Co, still less than e.Co which sold for $81,000 (which could be flipped in the near future for an even bigger return).
What are you predictions for .co in 2010?
We’ll find out in the next five months if a .CO domain can be the success story of 2010 for investors who may have spent just $30 to secure a domain.
The early blockbuster sales of single letter .CO domains could be the first indication, that some blockbuster sales are yet to come in 2010, and the sellers may not be the .CO registry — but instead, investors who bought in early.
Flipping.co, a website dedicated exclusively to selling .co domains already has dozens of .co domains listed for sale, ranging all the way from Stereo.co for $9,600, down to Socialite.co for $120. The operator of the website, owns and operates a number of popular domain-related sites including: Domaining.com, BargainDomains.com, and Catchy.com to name a few.
If you have predictions about what the top .CO domain flip of 2010 will be, leave it in the Comments below.