New domain sale record: 10 million USD for fund.com
According to Clek Media Inc., the domain name fund.com has been buyed by Fund.com Inc., an online financial information publisher formely named Meade Technologies Inc. This all-cash transaction was valued at $9,999,950. Previous sale record was business.com, sold for $7.5 million.
The recent years reflect domain names as a more valuable market for businesses and financial investors. Creditcards.com and creditcheck.com were sold respectively for $2,750,000 in 2004 and $3,000,000 in 2007. Domains related to alcohol industry also appear to be a buoyant market with significant sales, such as beer.com ($7 mln in 2007), vodka.com ($3 mln in 2006) and wine.com ($2,9 mln in 1999).
Premium names (domains highly valued due to their resale and web traffic potential) are particularly driving speculation on this emerging industry. Domain broking may be a new slot in the brokerage services...