CompuGroup Holdings AG has purchased the 3 letter acronym domain name CGM.com for $365,000 USD (sorry for the typo in the url and my earlier price of 385,000) topping the weekly sales chart at domain brokerage service Sedo.com!
This is a very strong 3 letter domain name sale. It appears the domain was simply parked before the purchase.
In a little interesting twist when I was looking into the CompuGroup site.. I simply typed compugroup.com to visit the companies website and got a page load error. The company seems to have failed to redirect compugroup.com to www.compugroup.com so leaving off the www. results in a web page that simply does not load.
CompuGroup appears to be a health care related business.
Some other reported sales include:
Bright.com $112,500 USD which is a very nice generic domain name with near unlimited potential.
iRepair.com at $12,500 as a nice brandable "i" related domain.
627.com at $11,700
There are a couple other 3 number domain names currently on auction at Sedo.com that boom over the 627.com sale. 363.com has a $40,000 bid as does 980.com . Both of these auctions end in about 5 days and both auctions have 1 bid with reserve met.
You can view the full list of Sedo reported sales for this week here. (Excel)
Aron - XF.com
Wow, great 3 letter sale!
What we need to continue to realize is this: There are many companies that won’t bat an eye at a 6 or 7 figure investment in an asset that will help continue to push their business forward.
Great sale and congrats to CompuGroup on their acquisition.
Brian Null
wow, big sale indeed… thanks for the scoop Jamie
Neely
I sold a two-word .com six months ago for $2.25 million. I had to sign a non-disclosure agreement, and the sale was not published in DNJournal.
I paid less than $300 for the domain on a godady drop auction less than two years ago!
I quit my job as a software engineer last month, and am managing my money now! I’ve spent over $250K on domains in the past 6-months…it’s a buyers market for sure…not a great time to be a seller, unless you have a very aggressive buyer.
William
That’s a nice sale. They need to fix that redirect, they’re probably losing good business