Occasionally, it’s good to take a break from talking about streaming media recording solutions. Here’s a story of something we encounter more often than you think.
Every once in a while, we get people with marginally valuable domain names to sell contacting us and asking for an excessive amount of money. Here’s one guy with a somewhat relevant three letter domain we had some fun with. (The domain name and author’s name have been changed).
“Bob” wrote:

Hi Bill,
We own site XYZ.com and were looking to sell it.
We would much rather sell it – previously we were entertaining offers in the high 5 figures – let me know your highest bid and maybe we can work something out.
Thanks
Bob

My reply:

Hi Bob –
Your site and domain will require a lot of work. Google says you have 1 outside link, and a 2 page rank for the home page, and your Alexa rank is 600,000+, which means you have very little traffic. If you were me, how would you justify a 5 figure price were I to present this to my partners?
Thanks,
Bill

Bob writes back:

Hi Bill,
It all comes down to supply and demand – we are only interested in getting the current market value.
eg. a similar 3 letter domain sold for $195,000 last week => MCC.com
See the link below:
http://www.dnjournal.com/domainsales.htm
In my opinion, XYZ.com is a much higher quality domain with much more potential…
Try searching XYZ vs MCC on google.com it generate results for 62,100,000
“Results 1 – 10 of about 62,100,000 for xyz. (0.05 seconds) “
The XYZ.com domain is clearly more valuable than other simple 3 Letter dot com domains e.g. MCC.com
With the right promotion & development this domain can easily be turned into an 8 figure/year operation.
Due to the current economic situation, I would be willing to let it go for under $195,000 – but it must be a competitive offer…
Thanks
Bob

And my response:

BOB –
IMO, WTF? LOL
– BSD (CEO)