April 4, 2008
Virtual Real Estate Domain: Pizza.com Sells For $2.6 Million.
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After a week-long online auction, Chris Clark, 43, accepted the offer from an anonymous bidder.
"It's crazy, it's just crazy," Mr Clark, who lives in North Potomac, Maryland, was quoted as saying by the Baltimore Sun newspaper.
"It will make a significant difference in my life, for sure," he added.
In 1994, Mr Clark registered the domain name in 1994, for $20. He hoped that pizza.com would help to get a contract with a pizza firm for his consulting company. He sold his business in 2000, but kept paying the $20 annual fees for maintaining the domain, which he also used to sell advertisements.
In January, Mr Clark decided to sell it after hearing that another domain - Vodka.com - was sold for $3m in 2006.
"I thought, 'Why don't I just try to see what the level of interest is?'" Mr Clark said. "If someone's willing to pay that much for Vodka.com, maybe there's more interest in pizza.com."
The online auction was launched on 27 March. The first bid was $100, jumping to $2.6m a week later.
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Comments on Virtual Real Estate Domain: Pizza.com Sells For $2.6 Million. »
appfundsz @ 6:04 am
So now it`s better to buy domains instead of real estate
Felix @ 11:08 am
I think its an interesting discussion.
In past posts and other forums, I've seen that domain names are like real estate.
In fact, I believe the whole digital space is like real estate.
You can flip domain names, sorta like this guy did with pizza.com
You can rent out/lease domain names…called domain parking.
You can develop doman names like a developer does with real estate.
You can buy forceclosed domain names; like its mentioned in this post.
http://www.richnavypilot.com/51/investing-in-virtual-real-estateand-virtual-real-estate-foreclosures/
Domain Names are becoming big business.