DNTemple | Discuss Domains, Webhosting and Webdesign

Fund.com Sells for a Record $10 Million

Clek Media Inc. announced yesterday that it brokered the record setting sale of Fund.com for $9,999,950 – a report that had many domainers searching for verifiable proof.

When CNN posted the story on their website yesterday, it was nothing more than a PR feed from Marketwire, hardly the coverage you’d expect for a domain sale of this magnitude. A quick search around the internet failed to bring any more evidence to the surface, with no major news outlets reporting the sale.

The DomainState.com forums were filled with uncertainty, but a couple members – George Kirikos and Ron Jackson – validated the story as being true.

Kirikos dug up an SEC report that showed the transaction was reported to the U.S. government and Jackson, of DNJournal.com, was able to reach a representative for the buyer – Fund.com Inc., a New York firm previously known as Meade Technologies Inc. – and confirm the story.

Fund.com is the largest cash domain name sale in the last year in history, edging out last year’s $9.5 million sale of Porn.com. The somewhat controversial domain IRS.com was reportedly purchased by Banks.com for $11.1 million in 2005, but according to company SEC filings the transaction was not an all cash deal. Sex.com was believed to be sold for around $12-14 million, but the sale price was never reported to the public.

wow, why would people pay millions for domain names? i sould start collecting domains too.

yea, u never know which domain will be worth the big bucks

Are we allowed to copy/paste any news we find on the net?

Just asking because that ichunez guy looks like he's banned and hew was doing that - not sure if that was the reason.

But since designstudio is doing it... I guess its fine right?

I'd rather buy a big big big house for $20m!

Nice

I'm pretty sure this is why people buy domains about popular stuff like Myspace. Because to the right person, it could be worth a ton. It's amazing that one day, domains people are buying today could be worth that much due to demand being higher and there being less available.

Domains are big business. I once has password.com and sold it for £500 ($1000).

if i was a domain buyer, i wouldn't even pay over 10 bucks thats why i'm on dntemple

lol
i better start getting alot of domains and make it a success
could be rich in a few years time,lol

WOW MAN THATS AMAZING! 2 AMAZING! ILL BUY ALOT
~RESIDENT EVIL~
~HUNK~

This is amazing. Also weird. I hope my domain in the future is worth alot so i can be rich. lol.

wow thanks for the info man

Wow really very high price ha..
i really want to sell a domain of great value.