I feel the biggest hurdle to considering domain names as legitimate assets is how discretionary (random) prices are. In 2010, you could find two-letter .com domains that sold for around $100,000 (JF.com, XI.com and SZ.com) and one domain for $8 million (FB.com). That is an 8,000% difference! – Giuseppe Graziano, GGRG.com
Despite two decades of conventions and commerce, domaining is still in the latter part of its Wild Wild West stage. Why? Well one reason is because the market is so fragmented. There are at least a dozen different marketplaces all with different rules, terms and procedures. Until there is a centralized organization that all markets report to and that requires an agreed upon, standardized set of rules and conditions, for all transactions, that will remain the case.
Disruption and manipulation
In addition, we have a crude and inept ICANN and UDRP process, new registrars and TLDs popping up every month and companies like Estibot and GoDaddy providing incomplete and inadequate valuations despite their best efforts. In a word, our market is chaotic and...