Firm puts domain up for grabs

Firm puts domain up for grabs
Photo: a screenshot of
The world's "most valuable" Internet domain name,, went up for grabs on Thursday having fetched $12 million in 2006, a German firm handling the sale said.

“It happens very rarely that an Internet address of this calibre goes on sale,” Cologne-based Sedo said. “(The) sale of offers the new owner a unique opportunity to became market leader.”

Sedo, which said it is the world’s biggest trading platform for domain names, is selling on behalf of US firm Escom after creditors filed for insolvency protection, a joint statement said.

Other domain names have also changed hands for huge sums in the past, with selling for $3 million, for €892,500 and for $1 million, Sedo said.

“Owners of domains like this have a clear competitive advantage. Visitors land automatically on the websites of the owners just by entering what they are looking for. The listing in search machines is also improved,” it added.

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