Gays.com Sold for $500,000 as Online Auction Drives Domain Sales Boom.Buyer Seeks to Use Name to Develop Global Web Portal See portal. for Gay Community CAMBRIDGE Cambridge, city, Canada Cambridge (kām`brĭj), city (1991 pop. 92,772), S Ont., Canada, on the Grand River, NW of Hamilton. It was formed in 1973 with the amalgamation of Galt, Hespeler, and Preston, all founded in the early 19th cent. , Mass. -- Sedo (http://www.sedo.com), the leading online marketplace for the buying and selling of domain names, today announced the sale of gays.com through its online domain marketplace for $500,000. The buyers of the domain name were Internet entrepreneurs An Internet Entrepreneur is a person that engages in business on the internet and helps to shape the future of business on the internet by being an innovator. One who is able to recognize opportunity and administer resources to take advantage of the opportunities. Julius Julius, in the New Testament, centurion in whose charge Paul was sent to Rome. and David Dreyer of Germany. "We are extremely proud to have secured such a prestigious domain name in this exciting sector," said Julius Dreyer. "It has always been one of our personal goals to build a portal for gay people. With the help of our gay colleagues and friends, we believe that we can launch a sophisticated and informative portal that will meet the needs of the gay community in the not too distant future." Sales like Gays.com are an indicator of an increasingly strong secondary market for premium domain names, as investors pour millions of dollars into purchasing domain names as a new type of investment asset. To help cater to the needs of professional investors, Sedo recently launched an online auction platform exclusively for premium domain names. In its first week of operations, 82 domain names changed hands through Sedo Auctions, totaling over $275,000. Highlights included the sale of Tractors.com for $153,500, W2.com for $31,000, Flirty.com for $27,000, and Playback Playback could mean:
"Online auctions are a natural transition for the domain industry, ensuring that names are exposed to a maximum number of buyers and names are sold at their peak marketplace value," said Matt Bentley Matthew James "Matt" Bentley[1] (born December 10, 1979 in Clinton, Iowa), formerly known by the ring name "Michael Shane", is an American professional wrestler most known for his work in Total Nonstop Action Wrestling (TNA). , chief strategy officer of Sedo. About Sedo Sedo, an acronym acronym: see abbreviation. A word typically made up of the first letters of two or more words; for example, BASIC stands for "Beginners All purpose Symbolic Instruction Code. for "Search Engine for Domain Offers," is the leading online marketplace for buying and selling domain names and websites. Headquartered in Cambridge, Mass., Sedo has assembled as·sem·ble v. as·sem·bled, as·sem·bling, as·sem·bles v.tr. 1. To bring or call together into a group or whole: assembled the jury. 2. the world's largest database of domain names for sale, with more than five million listings. Buyers and sellers are brought together through a searchable online marketplace, and conduct negotiations anonymously using an offer-counteroffer system. To facilitate successful transactions, Sedo has introduced a range of related services, including domain name escrow/transfer services, domain name appraisals, a domain brokerage service and paid domain name parking. The success of Sedo's model has attracted a global membership base of more than 400,000 domain professionals, and helped more than 5,000 businesses start their Web presence off on the right foot with a great new domain name. Sedo offers regional versions of its site for the UK (Sedo.co.uk), France (Sedo.fr), Germany (Sedo.de), and Spain (eSedo.com). For additional information, please visit www.sedo.com. |
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