Thursday, April 16, 2009

World's Most Expensive Domain Name

Business.com which was resold in 1999 for $7.5 million, according to Guinness World Records, appears to have been surpassed as the most expensive domain name, and not by theRecordBreakingDomain.com which was attempting to become the most expensive domain name in a media-move by selling for $7,500,001.

On January 19, 2006, it was reported that the domain Sex.com sold for $14 million US dollars to Boston-based Escom LLC, making it the most expensive domain sold. Former Sex.com owner Gary Kremen, reportedly wants to get out of the adult entertainment business. Other sources are quoted as saying the price Sex.com sold for was $11.4-12 million US dollars according to Reuters and AZOnline.

While the current market for internet domains is nowhere as solid as it was during the dot-com peak, the market remains strong and is experiencing solid growth. Each year tens of millions of dollars are exchanged during the resale of domains. In September of 2005, the gambling company Leisure & Gaming has paid $1.4 million for the vip.com domain. This is the most expensive domain name sale publicly reported during 2005.

The most expensive domain sale in 2004 was for creditcards.com.

A small Austin marketing firm has paid $2.75 million for CreditCards.com. Despite the rocky history of high-priced domain sales, participants say it was a fair price, and the sale may signal a new gold rush for Internet address speculators.

“It’s like prime real estate, there’s only so much of this real estate to go around. I feel like we bought a slice of Park Avenue,” said ClickSuccess CEO Dan Smith. The sale was actually completed in March [2004]. src

Excerpt from : World's Most Expensive

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