http://story.news.yahoo.com/news?tmpl=stor..._domain_names_1

Domain Names Once Again Fetch Top Dollar
Thu Dec 25, 5:31 PM ET Add Technology - AP to My Yahoo!


By ANICK JESDANUN, AP Internet Writer

NEW YORK - One more sign the technology sector is rebounding: An Internet domain name is again commanding seven figures.





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Last week, a Florida man sold men.com for $1.3 million, a healthy profit over the $15,000 he paid for it in 1997.


The buyers, largely entertainment industry folks who have opted to remain anonymous behind the acquiring company, men.com LLC, want to create a portal for men.


"In the last couple of years, the domain names were selling for significantly less than what they did in '99, 2000," said Monte Cahn, chief executive of Moniker Online Services, which brokered the sale.


He said the seven-figure price tag for men.com "is a big indicator of what's yet to come."


At the market's height, a handful of domain names sold for millions of dollars, including $7.5 million for business.com in late 1999 and $3 million for loans.com in January 2000.


But countless others sat unclaimed, and the dot-com bust forced many domain name speculators to give them up when they came up for re-registration, at roughly $30 apiece.


Ryan Levy, vice president of marketing for men.com, said the company also has purchased more than 1,000 other domain names over the past year at fire-sale prices to use in conjunction with the new portal.


The seller, Rick Schwartz, believes he could have gotten much more for men.com by waiting longer.


But Schwartz, who owns more than 4,000 other domain names, said he wanted the money now — so that he can buy others before prices really skyrocket.

The AP story has been picked up by 29 papers so far.

Even on TV on the cnn haedline news ticker.

Who is next? Labret?

hahahahahahhahahahaahhahaah
;-)))))

Its a good positive story, where everyone is winning/gaining
from it... I wish they would run more stories like this instead of the negative criteria the media usual pick their stories from.

I think I could get 1.3 dollars for my most valuable domain. I really wish I would have listened to WF back when you could actually buy good domain names. Congrats to him though, 1.3 mill is nothing to sneeze at.

Serge

I gu8ess thisn mean rick is buying dinner next time we go out with him

;-)))

congrats WF

:rokk: :wnw:

I squeezed one out of him already
;-)))

See.. and yall all wondered when I got isjustanasshole.com !

I've got a couple of good one. Don't even have them for sale (Parked), some guy emailed me wanted 2 buy one. I told him how much, he wanted 2 get it appraised, told him you can have it for X amount I'm the one that has it, if you want it that's how much it is. Don't care about appraisal, haven't heard back from him. Two months ago. If he does contact me again the price has doubled, not hurting a thing being Parked.

I get people interested in buying domains every month. Not one of them is serious. They think they will get the domain for $10 or $50 or something absurd.....

My collection is not as good at Rick's, but I have a few I like....

I have one incredible one that I might want to sell. It's just sitting here staring me in the face but I haven't had time to focus on it. What do you think I should do with it Mike? B)



Last edited by Pornwolf at Dec 26 2003, 01:16 PM

I am far from a domain expert. Depends on what the name is.

I am sure Rick could give you excellent advice!

Jeffury?

Who's Jefffury?

:rolleyes: :cdance:

he's always been famous