A domain parking update from ParkQuick’s Leonard Holmes.

by Leonard Holmes, ParkQuick

There has been some debate on how the current banking and financial crisis is affecting the domain industry.  Whether or not this specific crisis affects domains, the general economic slow-down is definitely having an effect.  While $2,000,000 $3,000,000 did change hands in Moniker ’s T.R.A.F.F.I.C. New York live domain auctions, this is down from $10,000,000 in 2007 (according to an email from Rick Schwartz).   Last month’s Name Monetizer newsletter provided information on similar decreases in parking income; and on Oversee.net’s staff cuts.

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