The domain name NewYork.Cab is at auction at Flippa with 2 days left. There have been 41 bids already and the domain name has a $11,500 bid but things are not so simple as they seem. And this is the case with most new gtld auctions these days.
The seller has already $7,000 in the name. That is because this is a premium domain name with a registration and renewal price that is $1,000 per year.
The seller bought the domain name last year and then renewed it for another 6 years for a total of $7,000 investment.
This what he said in a comment:
just FYI, i have renewed this amazing domain until March 2021, $6000 dollars value
(renewal is $1000 annually)
I checked some renewal prices for this domain and the cheapest I found it was $920. So far 3 bidders have made bids for $10,000 or more and the current price is at $11,500 but the reserve has not been met.
BTW newyorkcity.cab was sold 15 days ago at Flippa for $1,000. That was also a $1,000 premium domain name. Fun fact: this was sold by the same seller as this domain.