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May 26, 2007

Recent Sale, Book Highlight Value of Sex.Com and Domain Names

sexdotcom.pngIt's a sad but true fact that seedy domain names are among the most valuable on the Internet. A recent story set to be printed in the UK Sunday Times explores about the utter skullduggery around the domain name, which was stolen by Stephen Michael Cohen from Gary Kremen in 1995, leading to a ten year man-hunt, a $65 mil court settlement and a detective story worthy of Sherlock Holmes.

You can read more in the new book by Kieren McCarthy entitled, of course, . There seems to be a dispute over the actual article that is slated to appear tomorrow and an alternate article on the subject which he has also posted on his blog. The second version begins with the tongue in cheek statement by a Harvard professor that "The Internet is for porn."

Nobody could agree more than MXN, an Internet media and investment firm which last week bought the domain name for $9.5 mil — the largest all cash domain transaction in history. This is the second largest domain sale overall after Sex.Com, which sold for $12 mil in cash and stock in 2005.

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Posted by William Lozito at May 26, 2007 3:22 PM
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The domain name is up for grabs. That's right, potentially the most expensive domain name in history is in foreclosure and will be sold at auction, with bids starting at a cool $1 million. It was sold for $14 million in 2006, which was a record... [Read More]

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