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Fund.com sold for $10 Million
March 11th, 2008 by 
Jay Westerdal
Today is a big day, Fund.com sold for $10,000,000. Well, technically it sold for $9,999,950 in an all-cash transaction, though I am not sure why $50 was withheld from making it an even $10M. Even in this slow market we are seeing record-setting sales figures. A publicly-reported transaction of this size is rare, I know of a few domains well above $10M, such as Poker.com and Sex.com, that never officially disclosed their prices. The few runners-up so far have been Business.com and Porn.com which both didn’t quite make it to the $10 Million dollar range but were very close.
It takes a lot of work to broker a domain at this price, what could have been registered for nothing 20 years ago is now worth more money then one man could spend. The generic domains that command power are these category domains. With our upcoming auction in April at the Domain Roundtable in San Francisco we will be selling a few domains that may set off a price alert. We encourage anyone with great domains who wants liquidity in a Live Auction to contact us. Last year we sold just under $4 million dollars in domain names in a few hours.
Submit your domains, we are sorting through them right now to find the very best. Our Live Auctions are huge and are not to be missed.
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Posted in Domain Sales |
March 11th, 2008 at 8:25 pm
Awesome news about the sale of funds.com, Jay!
I noticed that when you click on the link to “submit your domains”, the DomainTools Live Auction page still has separate frames to “start your bidding” for the Jan 3 and Feb 29 auctions. As these auctions are now history, I would suggest you update this page to focus on the Domain Roundtable Auction on Apr 21. Rules and selection criteria (e.g. preferred TLDs, reserves, deadlines, etc.) would also be helpful to the sellers. Thanks
= TiKi =
March 11th, 2008 at 8:55 pm
Oops, typo! The $10M sale was Fund.com. Hmmm … what would Funds.com be worth?
March 11th, 2008 at 10:41 pm
“Even in this slow market we are seeing record setting sales figures”
The name was sold last year in October, well before the market slowdown occured.
March 11th, 2008 at 11:26 pm
Wow it is a superior sale. A four char domain with a nice finance related generic keyword especially on a niche subject is quite difficult to acquire. I feel that the guy sold this domain for 10 M bucks is quite a lucky fellow. This domain was registered at end of 1994. I personally feel that Rennick has acquired this e property for his business expansion process. At present the site deals about investment on shares and commodities trade, including investments on mutual fund. Especially as a ” Professional Domainer: with portfolio at : http://www.collisiondomains.com ” I feel all typos of fund.com / two word generics of fund & finance related domains + the same domain in all other extension will have a good demand. Probably it will grow as a sky rocket in future as a right domain in right hand has a value like a gold mine.
Nice Sale - Wow i feel all domainers will be happy as one of our commumity member sold his e property for 8 figure sales.
I am very very happy with this sale
Best Regards
B.K.Saravanan,
For http://www.collisiondomains.com
March 11th, 2008 at 11:49 pm
FundingFSBO.COM
What Do You think of this domain.Can Fund.com sale effect its value???
March 12th, 2008 at 1:13 pm
the $50 is kind of weird, do you recommend getting our domains appraised before the auction? If I were to make it of course.
UPDATE BY JAY: Appraisals don’t help sellers in auctions, buyers figure out the price they are willing to pay, not the other way around.
March 12th, 2008 at 11:01 pm
As I was reminded of this also, Intersearch aka Banks.com bought IRS.com for a cash/stock deal = to $11m .
March 13th, 2008 at 8:24 pm
very cool!
March 14th, 2008 at 12:21 am
how http://www.forexd.com
March 14th, 2008 at 4:41 am
Was Fund.com sold at a live auction?
Or did it get offers and brokered via the online auction?
Could somebody enlighten me?
March 14th, 2008 at 5:03 am
Yes this is absolutely good news! …I happen to own Funds.sc any idea what this might be worth anyone? .sc is for seychelles an offshore banking center in the seychelles.
March 14th, 2008 at 12:05 pm
What about mu6.com for a new music site?
And hollywood.org?
What is their value after the experts?
dirk
March 14th, 2008 at 3:01 pm
Excited about the upcoming auctions. However I have a question about the contract:
VI. Term of Agreement
b. All post auction offers and sales communication on domains not sold during the auction will go through Name Intelligence for a period of 60 days after the auction. Name Intelligence has the right to sell domains 10% under the reserve price after the auction if they were not sold during the auction. Any offer lower than 10% of the reserve will require the SELLERS permission for the sale to go forward.
“Name Intelligence has the right to sell domains 10% under the reserve price” means to me that if an unsold domain has a reserve of $1,000, Name can sell it under this circumstance for $900.
However, in a later sentence in the same term, it states “Any offer lower than 10% of the reserve will require the SELLERS permission for the sale to go forward” which means to me that an unsold domain with a reserve of $1,000 can be sold for $101 without requiring the Sellers permission.
Which is it? $900 or $101+ ?
March 14th, 2008 at 9:55 pm
The 60-day hold for names not sold during the auction was in the terms of agreement for the Jan 3 live auction. I understood this requirement had been removed from the subsequent auction(s). If so, the 10% reduction from the original reserve is a non-issue. Please confirm. Thanks.
= TK =
March 16th, 2008 at 5:49 am
Very good many
March 16th, 2008 at 3:38 pm
For SAppleby:
“However, in a later sentence in the same term, it states “Any offer lower than 10% of the reserve will require the SELLERS permission for the sale to go forward” which means to me that an unsold domain with a reserve of $1,000 can be sold for $101 without requiring the Sellers permission.”
I think what they mean is ‘any offer more than 10% below the reserve’.
Regards, Dave
http://www.internetaddresses.info
March 17th, 2008 at 4:25 am
It’s easier to see the INTENT of the contract when working with ‘positive’ statements, as in :
”Any offer less than 90% of the reserve will require the SELLERS permission for the sale to go forward ”
March 17th, 2008 at 10:16 pm
Guys i wanted to post this i recievied one of these called Enom as well as many others please go to Enom and follow up on this copy of the Enom posting.
Featured News
——————————————————————————–
Phishing Alert
Mar 17, 2008
We have recently been notified that customers have received emails which appear to be from eNom directing them to login at en0mcentral.com. The email is not from eNom and we urge you to delete it immediately.
The email directed customers to enOmcentral.com, rather than the correct URL enomcentral.com. We’ve attached a sample of the fraudulent phishing email below.
If you clicked on the link, please change your password immediately.
If you believe you received such an email and logged into the site, please contact us at legal@enom.com.
You should never provide your login details anywhere other than our secure login page at https://www.enomcentral.com/Login.asp
March 18th, 2008 at 7:40 am
I have many domains I’d like to submit to the auction but I do not have time to do it one domain at the time. Can you please tell me the URL where I can submit a list of domains.
Thanks
March 18th, 2008 at 9:58 am
Nice , I have a ublq.com what about this.
March 18th, 2008 at 1:26 pm
Okay, syedali_friend, just what is a ublq???
March 18th, 2008 at 2:40 pm
Sometimes when I get a phishing email and have the time I fill in all the blanks with bogus info. Of course I never see the results but I’m sure it wastes the time of the scammer.
March 25th, 2008 at 1:03 am
I’ submitting some of my domains to the April live auction.
But when I put in my name in the signature field and clicked “Submit Signature”, a message (in red color) shows up saying :
“No credit card payment option on file matches this name. Please go here to add one or make sure that you use the exact name on one of your existing ones. ”
However, I put in my name Exactly as it is on file of my PayPal account, which is the payment option I selected for my DomainTools acount.
Could anybody tell me what’s wrong here?
Edited By Mark - Our auction verification system needs an actual credit card on your Domain Tools account, not just a PayPal account. Add the credit card and then try this again.