Jul
29
Most Expensive Internet Domain Name
Posted by Administrator
The Internet domain name business.com was sold by Texan entrepreneur Marc Ostrofsky on Dec 1 1999 for £4.6 million ($7.5 million).
Marc, a 38-year-old Houston media entrepreneur, bought the domain name from a London Internet service provider for $150,000 in 1996, the same year his children’s nanny won $21 million in the Texas lottery. Ostrofsky is not only a savvy businessman but also a very thoughtful husband. When he sold the domain name www.eflowers.com for $25,000 – and 50 cents on every transaction at that site – he made eFlowers promise to send his wife a dozen roses each month for the rest of her life!
WANT TO KNOW MORE?
Who keeps track of all the domain names? In 1993, the US Department of Commerce created InterNIC to maintain a central database that contains all the registered domain names and the associated IP addresses in the U.S.
CHECK THIS OUT…
Dot com might be the most famous and sought after part of a web address but there are some 243 countries with domains that could be quite handy. For example, the Italian government has ruled that non-Italian organisations could now register an .it domain - handy for buy.it, sell.it or want.it. Other popular countries are Turkmenistan with its .tm address, the Kingdom of Tonga’s .to (fly.to, takeatrip.to) Austria with .at and American Samoa with .as. The European Union is investigating the idea of adding a new domain name to the list - .eu.
FIVE MOST EXPENSIVE DOMAIN NAMES
Business.com – $7.5 million
AsSeenOnTv.com – $5.1 million
Altavista.com – $3.3 million
Wine.com – $2.9 million
Autos.com – $2.2 million