25th June 2007
Millions paid for premium generic domains
Domain name news brought to you by DescriptiveDomainNames.com
Some of the world's most wanted generic domain names went under the hammer yesterday at Traffic, the leading domain name industry conference, held in New York.
Over 300 domain name buyers were in attendance for the auction held at the Hyatt Grand Central and it was hosted by Moniker.com who brokered the sales. The big deal of the day was the combined $3 million (£1.5 million) paid for CreditCheck.com and its associated website FreeCreditCheck.com.
Some 30 other domain name sales made it into the top 100 sales worldwide made in 2007. Some $10 million (£5 million) changed hands at the auction including a massive $1.8 million (£0.9 million) for Seniors.com.
"The premium domain name market is flourishing as businesses realise the significant advantages that these names provide," said Monte Cahn, the chief executive officer of Moniker.com.
"Strategic use of domain names offers businesses the chance to own their respective markets with the most targeted direct navigation traffic and by branding themselves online as an industry leader."
He added that the Traffic conference presents many opportunities for businesses to grow their portfolios, address their business needs and dominate their industries.
See also: Latest News,
Buying/Selling News, News Archive and Resources
«Previous Next»
|