Quote:
Originally Posted by woj
it's in the best interest for both buyer, seller, DNJournal and really the whole domain industry in general to inflate the price... even if DNJournal actually verifies each sale, it would be very easy to game it...
lets say the domain actually sold for $368k... buyer wires 1.368M to the seller... seller shows this as a 1.368M sale to DNJournal, seller then wires back 1M back to the buyer..
seller is happy, value of his remaining domains get inflated... buyer is happy, cause everyone thinks xxxvideos.com is worth 1.368M, so if he later needs to sell it for $800k, everyone will think they are getting a bargain... and everyone else in the industry is happy too, as it makes it appear like domains are a great investment...
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In theory yes but not a domain here that would be doubted based on the domain and who the seller is. There's a group of guys that when you find their domains you know not to offer anything less than xx,xxx and Rick would be one of those guys. Also with
https://corpgov.law.harvard.edu/2016...-requirements/
Escrow services are moving to ID's, address verification etc... so gaming a system on wires going back and forth not likely. Easy to move $1000 back and forth but moving anything above 10k gets eyeballs on it. Personally I've sold $8 .Com domains for 1-10k and a few well above 10k into 6 figure range for the last 13+ years so don't doubt better quality domains reach even higher.