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Auction Forum Index » Auction News » Domain name sells for record £150,000
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Domain name sells for record £150,000 
Post: #1   PostPosted: Wed Dec 19, 2007 4:17 am Reply with quote
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Domain name sells for record £150,000
By Maija Palmer, Technology Correspondent

Published: November 9 2007 01:50 | Last updated: November 9 2007 01:50

The highest price ever paid for a .co.uk internet domain name has been recorded after “recycle.co.uk” went under the hammer for £150,000 ($317,000). The sale, announced yesterday, breaks the record of £110,000 which was paid by J Sainsbury for taste.co.uk in 1997.

The domain name was bought by ASAP Ventures, a venture capital company, which plans to use the name to launch a company providing UK consumers with information on recycling.

The price is another reflection of the high valuations associated with eco-friendly businesses. Sedo, the internet domain name auction company, which handled the sale, sold mobile.co.uk for £120,000.

There is a growing interest in buying generic internet names such as these in the UK. There are 6m registered .co.uk domain names but a shortage of memorable ones. [ Read Article ]

© Copyright The Financial Times Ltd 2007
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Domain name sells for record £150,000 
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