The great bard William Shakespeare once said, “What’s in a name? That which we call a rose by any other name would smell as sweet.” But then again there was no internet when there was Shakespeare was there. Today, on the internet, there is a LOT in a name; I mean if it’s the right name, there are probably millions in it. With e-business becoming a booming industry and the internet becoming a whole new arena for entrepreneurs around the globe, Domain names have become quite a valuable asset, almost as good as any other property you might own. There are people willing to pay millions of dollars if you have the right domain name (or the name they wanted and you swiped it before they could). Here is a list of the top 10 expensive domain names.
Top Ten Most Expensive Domain Names
Keep reading our list to find out the top ten most expensive domain names to find out which ones sold like hotcakes in the market.
Number one on our list actually holds the Guinness world record for the most expensive domain name and was sold to advertising moguls Quinn Street for a whopping $16 Million. The company which was previously known as Insure.com is was shortly renamed as Life Quotes after the sale. Insure.com provides an array of information and quotes for life, health, home and auto insurances which is actually some pretty valuable information. The sale of the name was actually a pretty clean deal, since Life Quotes got to keep almost all of their assets except of course their name and the reputation that went with it.
Hotels.com comes number two and was sold for a massive $11 million. As the name suggests Hotels.com is a site for booking hotel rooms. They provide a large selection of hotels, lodges, Inns and other such forms of accommodation. They also offer booking services through their websites and call centres 24 hours a day, 7 days a week. They claim to be your closest allies especially during sold-out season helping their patrons get rooms even when most hotels and Inns are all sold out. they also have a loyalty program for their loyal patrons and offer discounts and other perks to their customers.
Fund.com is actually a pretty sad tale and not to mention a really short one. The domain name was bought out for a pretty generous $9.9 million but it was later revealed that the buyer was shut down by the SEC. By 2013, the site had lost pretty much all of its revenue. The site was actually started to give financial advice regarding investment and different kinds of funds to its visitors.
This one is an absolute no-brainer. Everybody knows Facebook or rather everybody is on Facebook, the most popular social networking website allowing people to connect with their friends and family and share their photos, videos and status over the internet, currently ranking no. 2 on Alexa and earning a revenue of over $5 billion. The domain name FB.com was bought by Facebook for a whopping $ 8.5 million. This was probably just to redirect users to Facebook.com and giving the social network another and probably a simpler domain name.
Brought by eCompanies Ventures for a whopping $7.5 million, the domain name business.com stands at number 5 on our list. The Site is currently pretty much a standard listing for all businesses. The site has proven to be a Heaven sent boon for all the business leaders who want to make smart decisions. The listings aren’t cheap but are highly regarded and pretty well reputed. Even the search engine mogul, most search engines recognises the authority of the site and considers any links on that site in its search rankings.
The name diamond.com was bought out by ice.com in 2006 from Odimo for $7.5 million who were pretty much going under at the time. Taking advantage of the situation, ice.com ended up buying the entire site including Odimo’s inventory for an extra $2 million. Diamond.com now catalogues and sells diamond jewellery to their customers apart from providing information regarding precious metals and pretty stones.
Now this one makes for a pretty interesting story. Joel Noel Friedman, the original owner of the domain name actually bought it just to protect the Israel’s good name from any abuse over the internet. In 2008 he decided to part with his beloved domain name and became famous overnight for the ensuing sale. The domain was sold to an unnamed buyer for a whopping $5.5 million.
This was probably the biggest domain name sale of its time bought by the toy giants, Toys R Us for a massive $5.5 dollars in an auction. The site serves as the portal for the toy manufacturers where people can buy any of the catalogued merchandise. The Site has served the company well and has played a major role in the promotion of the company. After the sales the domain names ranking almost immediately shot up on most popular search engines.
As seen on TV was sold for $5.1 million in 2000. The website actually helps the visitors to make a well informed decision before making any purchase. Their red ‘as seen on TV’ logo was seen on almost every product that you brought off of television. The Site features almost all the products that are advertised on TV and offers detailed information about all of them along with ways you can order them for yourself.
Bought by Apple Inc. in 2011 for $4.5 million, the iCloud serves as a storage space for all Apple users and subscribers. The service allows users to store all their data, including music, videos, pictures and more on remote computer servers which can be later accessed from other remote locations and on multiple devices. Apart from storing simple data, the iCloud is also used for creating backups of text messages, contacts and other data in case you need to reboot your device.