Managed Hosting News 
Thursday, 9th July 2009, 17:00:00
Domain name prices increase
Domain names are becoming more expensive and the cost of one rose on average by more than £400 in the last 12 months.
Sedo, an auction company that sells domain names, said the average cost of a web address has risen from £1,282 to £1,757, reports the Telegraph.
Despite this companies can still register domain names cheaply if they select one that has not yet been taken.
This can cost as little as £10 to register, which is paid in addition to an annual fee to keep the name.
However, firms that wish to acquire an existing domain name might have to pay a significantly larger sum.
In March this year, Toys.com was sold for $5.1 million (£3.11 million) to retailer Toys R Us, making it the fourth most expensive domain name in history, according to Domain Name Journal.
One of the priciest domain names ever is Business.com, which was sold in 1999 for $7.5 million (£4.65 million).
The best Domain Names from around the world at the best prices
Categories: | Domain Names |
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