Monday, October 24, 2005
Because that's what someone paid once....
Avedon Carol (whose blog is, oddly, only worth eighteen times what mine is; I must be doing something right) asks "why"? That's easy: it's what someone paid for that sort of thing, once. There aren't a lot of data points in valuing blogs: markets haven't really been developed yet. So, like in art or other "unique collectible" arenas, valuation is based almost entirely on the last price paid. It doesn't mean anything about the potential revenue, or the marketing potential, or anything else; it's just that someone decided to pay that, once.
That's all you need: once. Any bidders?