CNN Reports New World-Record $10 Million Domain Sale
Big news in the domain industry today! Clek Media Inc. announced today via CNN Money that it has brokered the world-record sale of the domain Fund.com for an all-cash transaction of $9,999,950!
The buyer of the Fund.com domain name is now aptly named Fund.com Inc., a New York based firm previously known as Meade Technologies Inc.
Former Record Holder
Guinness World Records books reports the previous record holder to be the purchase of Business.com for $7.5 million in 1999. There was alot of controversy and skepticism regarding domain names and how they could possibly warrant these multi-million dollar price tags.
Amazingly enough, just eight years later in July of 2007 the Business.com company was sold to yellow pages publisher, RH Donnelly, for $345 million, 47 times the original purchase price.
Domaining In the Public Eye
Top domain name sales stories will slowly continue to hit the front pages of the most popular financial publications around the world. Investors will start taking serious interest, much more so than they already have. More and more generic domain portfolios will go public.
Exciting times to be a domainer! It’s almost like having a second chance to go back to 1998 and start buying domains with Frank Schilling, Kevin Ham and the Castello Brothers. OK, so it’s not quite that awesome… but we, as domainers, are one step ahead of those just now entering the business of buying, selling and monetizing domain names.
Highest Official Domain Sales Prices
Take a look at this list below and you will notice one thing really stands out. Over half of these sales prices and bids were made in 2007. Does this mean that 2008 will bring even higher premium domain sales? It’s almost guaranteed.
Fund.com 9,999,950 2008 Porn.com 9,500,000 2007 Business.com 7,500,000 1999 Diamond.com 7,500,000 2006 Beer.com 7,000,000 2007 Asseenontv.com 5,100,000 2000 Seo.com 5,000,000 2007 Auction.com 4,500,000 Reserve 2007 Dermatology.com 4,500,000 Reserve 2007 HorseRacing.com 4,500,000 Reserve 2007 Slots.com 4,500,000 Reserve 2007 PuertoRico.com 3,500,000 Reserve 2007 Shop.com 3,500,000 Altavista.com 3,300,000 2002 Creditcheck.com 3,000,000 2007 Scotland.com 3,000,000 Reserve 2007 Student.com 3,000,000 Reserve 2007 Vodka.com 3,000,000 2006 Wine.com 2,900,000 1999 CreditCards.com 2,750,000 2004 PressReleases.com 2,500,000 Reserve 2007
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March 11th, 2008 at 7:26 pm
I’m surprised by the way these rank, the prices within this list of good domains seem to be a little arbitrary. Any idea why Fund.com is only $50 below the 10,000,000 mark?
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March 11th, 2008 at 9:21 pm
Wow..sounds like the heady days of web 2.0 are here.
-Tarun
http://www.techbanyan.com
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March 11th, 2008 at 10:20 pm
Selling a domain for that much would be like winning the lottery. Heck I wish I could just double my money on some of mine!
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March 11th, 2008 at 11:41 pm
I still remember in 1999 the site year2000.com was sold for like $1 million…..hmmm, register year3000.com and wait ! loll
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March 14th, 2008 at 10:54 pm
Just think if you were the one to register one of these…oh myy.
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March 15th, 2008 at 5:43 am
What’s the next big domain name sale on the horizon? Any rumors? Any guesses?
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March 15th, 2008 at 9:59 am
I can’t believe they go for that much! I’ve seen sales on forums for domains… but never calculated how much the top ones would sell for. Give you a whole new outlook as an investor.
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March 15th, 2008 at 11:23 am
[...] I mean really… There’s no great business value to paying $10 million for a domain name. [...]
March 17th, 2008 at 1:59 am
Hard to believe anyone would spend that kind of money for a domain name. Wish I could figure out the next big winner.
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March 17th, 2008 at 3:10 am
[...] This week’s biggest domain news is about the new world-record domain sale of Fund.com for $10 million. [...]
March 18th, 2008 at 10:08 am
Wow! I wish I had a few like that squirreled away. It makes it frustrating when looking for a domain name though, if someone is squatting on the one you want.
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June 12th, 2009 at 2:28 pm
[...] because a second-hand domain name is worth whatever someone is willing to pay for it. The current record holder is fund.com, which sold in 2008 for $10 million, with $50 change. porn.com comes just behind, [...]