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Korean IDN Domain is the top domain at Auction this week
May 22nd, 2007 by 
Jay Westerdal
Yes, you are reading it right, an IDN domain name takes the top sale this week at Snapnames. The Korean characters mean “Cell Phone“. IDNs are starting to come into their own. However, we have to keep this sale in propective. Phone.com sold for a few million last year. So $36,194 for the Korean IDN of Cell Phone seems very cheap! Korea is one of the most connected countries in the world. This generic domain is worth a mint. I want to congratulate the winner and I am confused and shocked that more people were not bidding on this. People keep telling me there are not a lot of good domain names at auction, well not true. English speaking bidders should hire contracts to go through IDN names that are going to auction. This is a prime example of a high quality domain that is worth several hundred thousand if not a few million. IE7 and Firefox both resolve IDNs now and this auction looks like a down right steal to me.
If someone wants to be a millionaire, it is not to late to start. Buy names like this and HOLD.
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Posted in Auction Results |
May 23rd, 2007 at 1:40 am
This is just one of a pair that went down Sunday night. The other was actually more expensive and will almost certainly be posted at DNJournal next week. Ron Jackson does not report highest bids, only transactions.
Yes, if you want to make serious money, IDN are undoubtedly the biggest opportunity in domaining today. Frankly, those that think otherwise haven’t a clue what they are talking about, but that probably accounts for three quarters of those on the popular domaining forums.
For those needing to find out more about IDN, the best resource on the Internet is DNLocal.com. I run this with a few fellow IDNers and it is the best place on the Internet to find out about IDN.
I am Rubber Duck the World’s first full time IDNer.