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New domain sale record: 10 million USD for


According to Clek Media Inc., the domain name has been buyed by 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, sold for $7.5 million.

The recent years reflect domain names as a more valuable market for businesses and financial investors. and 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 ($7 mln in 2007), ($3 mln in 2006) and ($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...

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