Babble

a magazine and community for the new urban parent

Strollerderby

Man Auctions Domain Name For $2.6 Million

Posted by Amy S.F. Lutz

Imagine how rich you would be if you could travel back in time to the early 1990s, when the internet was just taking off, and even most business people hadn't yet realized how it would transform the nature of sales and marketing.  All you'd have to do is register, for $20 a year, a few key domain names, and by now you'd have enough cash to buy your own sports team.

You'd want to grab sex.com, of course.  What others?  Flowers.com?  Baby.com?  Well, it wasn't until Chris Clark, from North Potomac, Maryland, heard that the domain name vodka.com sold for a cool $3 million that he realized he was sitting on a goldmine.

Clark had registered the name pizza.com in 1994 in an attempt to woo a pizza company to his internet consulting firm.  He maintained the rights over the years, and it made him and his partner a small profit as a pizza directory.  After hearing about the 2006 sale of vodka.com, he decided to auction the name through the online auction site, Sedo.

The opening bid?  $100.

The winning bid?  $2.6 million.  Not bad for an initial $20 investment. 


Comments

 

maeby said:

happened to my ex too. Lucky bastard!

April 5, 2008 11:28 AM

About Amy S.F. Lutz

Amy S.F. Lutz's work has appeared in dozens of literary journals, including Cream City Review, The American Poetry Review, Puerto del Sol, and Mid-American Review. She and her husband have five children. Amy and her sister chronicle their adventures in communal living in their blog whoelsewantstoliveinmyhouse.com

in

GROUP BLOGS

  • Strollerderby

    The smartest, funniest, most exhaustive parenting blog in the blogosphere.
  • Droolicious

    Modern design for modern parents.
  • FameCrawler

    Your daily baby celebrity fix.
back to blog homepage