There are .coms that sell for millions, so $185k for a .whatever domain seems reasonable (well, not really, but it's reasonable to expect people will pay for it). I wonder who can legitimately claim .food, or .cars, though.

Great idea by ICANN, though. They've successfully just turned domains into beanie babies and magic TG cards.

I guess I misunderstood. I assumed the new TLD owners would be able to issue domains (e.g. the city of Boston buys the .boston TLD, then sells .boston domains to raise revenue for the city).