Domain Sells for $13M: Guess the Name?
We all know how some people go around buying up domain names like crazy in the hopes of selling them one day for big bucks. Of course, not every domain that you buy will make you money, but every now and then someone gets lucky. And, when that happens, we definitely hear about it.
So going on to this domain name that recently sold for big big bucks…It was originally owned by Gary Kremen, founder of well known site Match.com. He registered it way back in 1994, but then “lost” the domain to Stephen Cohen, a conman, two years later. The domain eventually changed hands and ended up belonging to a group called Escom LLC, which, in turn, went bankrupt. The bankruptcy is the reason the domain was put up for auction mid-way through this year in July.
The highest bid has been revealed at $13 million, and the entity that put in that bid is known as Clover Holdings. Unsurprisingly, not much is known about the company except that it is registered in the Caribbean Island of St. Vincent. The sale isn’t final as of yet – the bankruptcy court will have to give its nod of approval first (October 27 is the date for the decision).
As astronomical as $13 million may seem, this is NOT the highest amount someone has paid for a domain name. The highest recorded price for a domain name sale is $16 million – though you have to admit, at this range, $3 million is not much. This domain is insure.com.
Saving the best for last…what is this domain that just got sold?
What can we say? Sex indeed sells.