Have you ever thought about having one of your registered domain names appraised, because you were considering selling it and wanted to know what a fair price would be? Maybe you’re just curious about how much your domain is worth? Did the high fees for detailed appraisal services turn you off of the idea, or are you still considering it?
Here’s a simple fact: Domain names, just like any other product or service, are worth whatever the market will bear.
What that means is that if a domain appraiser tells you that your domain name is worth $2500, but the most you can raise in an auction is $50, then your domain is really worth $50, not $2500. It’s basic economics. The market works on a supply-demand system. You’re supplying a certain domain name, and its value is entirely determined by how much demand there is for that name. If only one person in the world is interested in buying it from you, its value will be pretty low (unless of course you’re a squatter who jumped on a domain someone let expire, and you’re demanding an obscene price for it). On the other hand, if thousands of people desperately want the domain name that you’re selling, the price some people are willing to pay can skyrocket, making your domain name worth thousands.