Domains to be appraised...

[DavidL]

You say "they won't be sold". When an item "can't be sold" I think I know what that item is worth.

Snoopy I've got a $2 coin on my desk here. What's it worth?

Great - in that case you'll buy it for $1 so when are you picking it up?

 

[snoopy]

Snoopy I've got a $2 coin on my desk here. What's it worth?

Great - in that case you'll buy it for $1 so when are you picking it up?

There is a ready market for people who will pay $2 for it, go down to the street and say to someone "do you have change for $2", see what they give you.

The question still remains though, if you don't think these names are worth $0 what do you think they can actually be sold for?

 

[DavidL]

You said

If the domains were "worth $20" they'd sell for that, if they can't be sold the value is $0.

By the exact same snoopy logic you would say

If the coin was "worth $2" it would sell for that, if it can't be sold the value is $0

But we all agree that the value of a $2 is not $0 (don't we?).

The point is (as you well know), the costs of transfering said items (the domain through a COR process, the coin through you coming up from melbourne) outweighs the value of the items themselves.

This means they will not be sold but does not mean they are without value.

 

[snoopy]

David,

I've now got a new sig. This will serve two purposes,

1. Prevent me from asking the same question over and over.
2. Maybe if you see the question enough you will actually answer it.

 

[DavidL]

LOL - honoured that you've dedicated your signature to me. OK let me answer the questions as directly and precisely as I can on ONE CONDITION - you answer my question in the same manner. Deal?

if you don't think these names are worth $0 what do you think they can actually be sold for?

I think the name is worth $20 but, because the cost and effort of effecting the sale is greater than the value of the domain, I don't think it can be sold for anything.

That OK? I'm sorry if I didn't make my thoughts clearer earlier.

Ok your Q:

If you believe that an item is strictly only worth what it can be sold for, what is the value of my $2 coin on my desk?

 

[Chris.C]

If you believe that an item is strictly only worth what it can be sold for, what is the value of my $2 coin on my desk?

I reckon you could find a buyer for at least a $1.95

 

[Shane]

For someone sitting at the desk or office next to David it's probably worth exactly $2.

For someone who needs the $2 right now, and if David is willing to accept payment at a later date, it could be worth anywhere between $2.01 and $1m+ depending on the circumstances.

For someone like me it's maybe worth $1.20 once you factor in the postage costs to get it to me. If I factored in my time, then it would actually cost me more than $2 to obtain something that is still only worth $2 to me once it's in my hand.

So getting back to the domain...

If there were no transfer costs, then someone may pay $20 for the domain, but if they have to pay another $50 in transfer costs, it would be like me paying $5 to obtain David's $2 coin - it just wouldn't make sense - unless of course I wanted the coin (or the domain) badly enough.

 

[snoopy]

So getting back to the domain...

If there were no transfer costs, then someone may pay $20 for the domain, but if they have to pay another $50 in transfer costs, it would be like me paying $5 to obtain David's $2 coin - it just wouldn't make sense - unless of course I wanted the coin (or the domain) badly enough.

I would say trying to put a value on it as though it didn't have transaction cost would be like trying to value a house as though stamp duty wasn't payable by the buyer on sale, or valuing a car as though it is in good condition when it isn't. If a domain has a value of $20 in an imaginary world with no Cor but in reality costs $50 then I think the answer is its value is $0 though it would seem David has trouble with that still.

 

[Shane]

I guess we're talking about net and gross values. The domain may have a gross value of $20, but after COR the net value may be $0 or less.

 

[DavidL]

I would say trying to put a value on it as though it didn't have transaction cost would be like trying to value a house as though stamp duty wasn't payable by the buyer on sale

And what would be the problem with that? Perhaps a first homebuyer may have an exemption? Maybe the owner believes the value is in the cost of building it or something more? Perhaps the buyer doesn't even think about stamp duty when making an offer.

Making assumptions about the value of something based on what you think might be the cost of transacting something is risky and naive IMO.

One month ago, the cheapest COR was $50. Now it's $20. Does that mean that every single one of our domains has gone up in value by $30? No of course not. An end user looking to pay $10K for a domain and insisting COR goes through MIT doesn't care. Similarly a domain that's worth $0 is probably still worth $0.

or valuing a car as though it is in good condition when it isn't.

Huh? The domain is shonky now?

If a domain has a value of $20 in an imaginary world with no Cor but in reality costs $50 then I think the answer is its value is $0 though it would seem David has trouble with that still.

Yes I do. I believe it's far to simplistic to equate a sale price of something with it's intrinsic value. These two numbers do not always marry up. Like Shane said, values of things can vary depending on who is looking at it.


Unsurprisingly, you're trying to avoid answering my question despite the fact that I answered you very directly (did I not?)

If you believe that an item is strictly only worth what it can be sold for, what is the value of my $2 coin on my desk?

PS have you considered a career in politics?

 

[Data Glasses]

Please note i am accepting $2 donations ......Pm me for the paypal address

 

[coreyg]

is this Domains to be appraised?