English

I've recently discussed the sale of datarecovery.com for $1.7 million and the fact that recent domain auctions have netted record proceeds. It looks like I'm going to have to start a regular series on how domain names are the best investment around these days .

I know what: to make it easier for your people reading this to identify this type of "domain names bull market" post, I'll carry on using the same "Nasdaq and graph" photo whenever I talk about this…

On to the sale. The sale of fund.com has been announced for US$9,999,950 (c'mon guys, couldn't you have stumped up an extra 50 bucks just to make it a nice round number?). The buyer, very appropriately, is a company called Fund.com which is quoted on the OTCBB (Over The Counter Bulletin Board), a quotation system used to list what are generally microcap companies too small to be traded on a normal stock exchange and therefore traded directly (over the counter). Look up FNDM for fund.com here.

Talking Guinness book of records, this would apparently be the highest recorded domain sale after business.com's 1999 US$7.5 million sale. There does seem to have been a couple of higher sales since business.com, like sex.com (said to have gone for 12 million US) or porn.com (9.5 million US), but these have not been recognised by Guinness.