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March 10, 2010
The Unfortunate Saga of Risqué Domain Naming and Branding Continues with the Sale of Sex.com
The domain name Sex.com 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 then until Insure.Com went for $16 million.
I have previously written about how the domain name Sex.com has been poorly managed, and even swindled from previous owners. Now, the story seems to have continued its downward spiral.
It will be sold "as is" in the equivalent of a foreclosure sale and should generate a lot of interest, as it can apparently generate $15,000 of revenue a day if managed correct.
Sex.com is one of the top five most profitable domain names on the web today, the others being Fund.com, Porn.com, Poker.com and Business.com.
The Sex.com domain name has been mismanaged, of course, and is surrounded by clouds of legal skullduggery. It is claimed that one of the previous owners had the name stolen from him, and commenced a ten-year manhunt to find the culprit.
DOM Partners, a New Jersey lender is foreclosing the domain and will auction it on March 18, at the New York law firm, Windels Marx Lane & Mittendorf.
Ecoconsultancy has a great post up entitled "Six things you can learn from Sex.com's failure," and number one is: A great domain only goes so far.
I have to agree.
It takes more than a name to make a product or a domain name shine. However, we at Strategic Name Development can say, a great name never hurts.
Technorati Tags: Sex.com, Domain Name, Auction, Ecoconsultancy, Foreclosure,
Posted by William Lozito at March 10, 2010 9:34 AM
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"Sex.com is one of the top five most profitable domain names on the web today, the others being Fund.com, Porn.com, Poker.com and Business.com"
Are you sure about that?? :)