Mar 12

fund.com sells for 10 million USDClek Media Inc. has apparently brokered the largest dot com sale in history of FUND.COM to Meade Technologies, currently Fund.com Inc. (OTCBB: FNDM) This sale knocks off the previous record holder BUSINESS.COM for $7.5 million in 1999. Speculators of the domain industry have argued the high price of this domain, yet only recently has the true value of Internet real estate become obvious.

However this sale also could be showing signs of just how weak the US Dollar has become. Offshore companies have more money to spend with American currency dwindling, and it is throwing off the market. Not only that but this sale could just be inflated as a marketing ploy, something the domain industry loves to pull off. Honestly I think the name is weak, and the plural FUNDS.COM would be worth significantly more (but still not 8 or even 7 figures.)

CNN Money has rightfully noted the sale of SEX.COM in 1999 for a reported $12 Million, yet this deal had been benched and the original registrant sold to ESCOM LLC in 2006 for an undisclosed price. Which still leads me to believe that sale was more than likely over $10M.

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