PITTSBURGH, PENNSYLVANIA -- Pittsburghs.com is for sale on eBay with no reserve. Auction ends Labor Day at 3PM PST / 6PM EST!
PittsburghPA.com sold for $16,750 in July, 2005 and domain name valuations are higher now.
Link to Auction:
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=280145654625
Top Generic City Names Are Million Dollar + Properties:
Ownership of a city-friendly domain name is simply impossible.
Top-25 cities, in my opinion, would sell for $1MM+ on the open market.
These sales happen so infrequently that the true value of a top city .com name is simply difficult to determine.
A Few Single-Word City Comparables From 2006/2007:
- Branson.com - a tourist city in Missouri sold for $1,600,000 in 2006... pop 6,000 vs 2.5MM\Pittsburgh metro.
- Buckhead.com - a neighborhood in Atlanta, GA just sold for $250,000... pop 100,000
- NewYork.info - a DOT INFO domain name just sold for $70,000 (July 2007).
- Nashville.us - a DOT US domain name just sold for $23,000 (June 2007).
- US/INFO domain names are valued at a small fraction of the .COM counterpart.
- Chinese.com sold for $1,090,504 in 2007
- Chinese.info sold for $5,500 in 2005 (This is just over 1/2 of 1% of .COM!)
A Few Two-Word City Comparables (This Is A More Apples To Apples Comparison With The "S" On Pittsburghs.Com):
- VisitFlorida.com - sold for $186,000 in 2004.
- ChicagoLimo.com - sold for $10,450 in 2/2006.
- PittsburghPA.com - sold for $16,750 in 7/2005
- MemphisApartments.com - sold for $12,101 in 7/2006.
- DenverHomes.com - sold for $35,500 in 2/2006.
- AtlantaPlumbers.com - sold for $13,125 in 7/2007.
- AustinNews.com - sold for $15,000 in 6/2007.
How Big Is The City Of Pittsburgh? According to Wikipedia, the metropolitan area of Pittsburgh is one of the top metropolitan areas in all of the United States with a 2000 census of 2,658,695!
Beyond The Domain And City Stats...
Pittsburghs.com offers a strong branding opportunity.
- The domain name is memorable.
- The domain name shows ownership. As a brand, it's strong.
Why Place This Domain Name On Ebay With No Reserve?
I trust the marketplace. I believe that a high reserve will eliminate buyers from this auction who might stick it out in the end, but would be turned off if they were bidding against each other as well as some undefined reserve. Let the market decide the value.
% of Sale to Pittsburgh Charitable Organization:
I feel very lucky as to have owned this domain name. 10% of this sale will go to a local Pittsburgh charity - "Variety the Childrens' Charity of Pittsburgh."
A Final Note:
I want to be very clear. Pittsburgh.com is not for sale. Pittsburgh.com, if for sale, would be (in my opinion and I believe supported by statistics and common sense) a million dollar domain name. I am not representing that Pittsburghs.com is a million dollar domain name. I think the value of Pittsburghs.com is a fraction of Pittsburgh.com. The market and market demand will reflect just how big of a fraction. Pittsburghs.com is a very strong domain name, a strong generic ownership term, tied to a top-25 city.
Link To Auction:
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=280145654625
Any Other Questions Please Feel Free To Contact - Jeremymp@aol.Com
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