Forget Condos: Domain Names Deliver a Far Greater Return
A Business 2.0 article by Paul Sloan, via CNN/Money, reports that:
Remember those Internet bubble headlines about domain names fetching millions of dollars? Well, those days have returned -- with a vengeance.
Just ask Mike Bahlitzanakis of Astoria, Queens. He just negotiated a deal to sell a single name -- www.cellphones.com -- for $4.2 million in cash, making it one of the richest deals ever. He paid $90 for the name in 1996. "I just went to my 10th high school reunion, and I thought to myself, 'Who's laughing now?'" says Bahlitzanakis, 29.
posted by Fergie @ 11/30/2005 07:15:00 AM
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