In one of the largest domain name sales, business.com was sold by Marc Ostrofsky for $7.5 Million. Ostrofsky had originally purchased the domain name for $150K.
After a few years (2007), the web site as well as the domain name was bought by RH Donnelley for $350 Million! Domainer Marc Ostrofsky is also famous for having coined the phrase “Domain Names are Internet Real Estate“.
A generic term for products advertised on the television, AsSeenOnTV.com domain name was bought by the LA Group, Inc in 2000 for $5.1 Million. The web site now lists more than 1500 products that are advertised on television. [more...]