I am pleased to announce that PanaxGinseng.net has been purchased in a private sale that is being brokered by Sedo. The domain fetched $775 before commission.
While I personally feel that it might be worth up to $3,000, I agreed to accept the offer for a variety of reasons. These include the fact that my domain portfolio has become a little too top-heavy, the fact that I had no immediate plans to develop the domain, as well as the fact that the overhead for maintaining such a large portfolio is becoming prohibitively burdensome in this tough economy.
In the coming weeks and months, I plan to begin aggressively marketing about 200 of the names in my portfolio in hopes of trimming down on the number of domains I hold that I don't plan to develop in the near future. If you're looking to add inventory, or if I just happen to have a domain name you want, now would be a good time to submit an offer on it.
Full Story: Panax Ginseng Domain Name Has Sold