Managed Hosting News

 Monday, 19th September 2011, 08:28:25

Domain name sells for record sum

Domain name sells for record sum

A domain name has sold in Australia for AU$125,000 (£82,107), making it the largest sum ever paid for the commodity in the country.

Investmentproperty.com.au proved popular among buyers, which could explain why the price was pushed up to such an extent.

Mark Mendel of Find Investment Property is quoted by Smart Company as saying: "I don't think businesses realise the value of certain domain names."

He believes it is a rare thing to find an individual who is experienced in the business work yet also acknowledges that the right domain name can have huge benefits for their organisation.

Mr Mendel goes on to predict that the current owner might decide to sell the website title in 12 to 18 months, although it might be difficult to get the equivalent value from the investment.

High-profile figures and companies were recently warned to take action to protect their brand from the upcoming .XXX domain name by registering to get the site blocked when it comes into action.

Posted by Phil Williams

Leave your mark on the Web with your own low cost domain name from Hostway  ADNFCR-1984-ID-800732326-ADNFCR


Categories:  |  Domain Names  |  


Related Headlines:

 08-09-2011: Companies urged to protect brand against .XXX domain name

 19-08-2011: Africa 'could receive its own domain name'

 01-08-2011: Apple wins rights to ipods.com domain name

 21-07-2011: ICM Registry launches .XXX domain name plan

 04-07-2011: Hungary makes changes to domain name regulations

Previous Headlines:

 19-09-2011: Ecommerce opportunities 'should be explored by media industry'

 19-09-2011: Council and Cabinet Office adopt cloud computing scheme

 16-09-2011: CNI cyber threat 'requires effective strategy'

 16-09-2011: Application development is changing, says Microsoft

 15-09-2011: Ecommerce businesses 'cannot ignore the power of smartphones'


Meet the News Team...

CALL: 0808 180 1880

or just email our Sales Team if you have any questions about any of Hostway’s services.


News Categories:

Read the latest headlines from these selected categories...


News Archives:

Previous headlines...

* All prices exclude VAT where applicable. All plans, packages and offers are subject to terms and conditions of sale available on the site.

© Hostway Corporation. All rights reserved.

A global web hosting leader, Hostway has strategic locations in the United States and Europe, including the Netherlands, Belgium, France, Romania and Germany, as well as Korea, India, and Australia.