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Up, up… and away!
Thursday, March 6. 2008
There really does seem to be no stopping the domain name market these days. A while back, I suggested that domains were immune to the current bear market environment. Well according to the latest stories from the industry, I was right.
First off there's this new high-figure sale of a domain name that was reported by Dominik Mueller. ESS Data Recovery have reportedly paid $1.7 million for dataRecovery.com. The company explained that it was buying the domain to rise above the growing mass of data recovery companies out there.
Well, there's no arguing with that logic. As unique identifiers on the world's most universal medium, domain names providing undeniable value to people and entities who want to make sure they can easily be found by anyone and everyone.
In fact, the domain market as a whole continued to rise at an impressive rate in 2007, according to figures just released by .COM registry Verisign. A total of 33 million new names were registered worldwide in 2007, for a new total name pool of 153 million.
There's definitely no bear market at the moment as far as domain names are concerned.
I've recently discussed the sale of datarecovery.com for $1.7 million and the fact that recent domain auctions have netted record proceeds. It looks like I'm going to have to start a regular series on how domain names are the best investment around these
Tracked: Mar 12, 13:04