hmmm i wonder who does the appraisals at melbourneIT?
I think you should expect <$3000 in the current market.
But then again if someone really wants that domain then it may go for alot more. Finding that person will be a problem though.
Ha.. it was totally a joke.
Have confirmed with my friend (the one who owned the domain license).
Here is the story, he has get contacted with MIT about how to sell and what price shoud it be.. etc. And get an unofficial reply saying that it could be as hihg as a million IF SOMEONE LIKE THE DOMAIN. A official appraisal require the domain to transfer to MIT as the registrar before it can be listed.
Have been "instructed" to change the price to 50K rather than 500K.
Personally, I think the domain name may be at a higher value (then $3000) because of
1. It means something by the word itself
2. It could also be a nice NAME of a business too.
Again, any fair suggestion is welcome.