Six-figure domain sales are rare occurrences, but in the last couple of weeks, we've had reports of several high value sales from Uniregistry, China and a prolific .CO.UK buyer. Over the weekend, reports surfaced on Twitter of another high six-figure sale, that was sold to a Chinese investor. The domain in question is the valuable three-letter NET.COM.
The discovery of this sale is down to George Kirikos, an investor and President of Leap of Faith Financial Services, who found the sale in an SEC filing by Sonus Networks. The SEC filing says:
The NET domain name in question is NET.com, which was owned by Sonus after their acquisition of Network Equipment Technologies, Inc in 2012. The SEC filing specifies that the company is expected to have a net gain of $800,000 after selling the name. This means that brokerage fees and other costs and commissions were not factored into this report, so the actual sales price could easily be in excess of $1 million.
Network Equipment Technologies have used the name since at least 1996, according to Archive.org's records. The domain itself was originally registered in 1989, and is one of the earliest domain names ever. It's also older than me, by three weeks!
The brokerage firm eNaming.com was the likely broker of this deal, and the buyer looks to be a client of the Chinese domain brokerage and management company, 62.com. Brokerage firm eNaming.com is headed by Tracy Fogarty and boasts previous sales such as MGTV.com for $130,000 and Uniti.com for $197,500.
I have asked my contacts at 62.com whether they can confirm the exact sales price, so this article will be updated if I get an exact sales figure.
Update: According to 62.com, the exact price cannot be revealed, due to the buyer's agreement with the seller.
The discovery of this sale is down to George Kirikos, an investor and President of Leap of Faith Financial Services, who found the sale in an SEC filing by Sonus Networks. The SEC filing says:
In July 2016, we sold the NET domain name to a third party and expect to recognize a gain, net of commission and fees, of $0.8 million.
The NET domain name in question is NET.com, which was owned by Sonus after their acquisition of Network Equipment Technologies, Inc in 2012. The SEC filing specifies that the company is expected to have a net gain of $800,000 after selling the name. This means that brokerage fees and other costs and commissions were not factored into this report, so the actual sales price could easily be in excess of $1 million.
Network Equipment Technologies have used the name since at least 1996, according to Archive.org's records. The domain itself was originally registered in 1989, and is one of the earliest domain names ever. It's also older than me, by three weeks!
The brokerage firm eNaming.com was the likely broker of this deal, and the buyer looks to be a client of the Chinese domain brokerage and management company, 62.com. Brokerage firm eNaming.com is headed by Tracy Fogarty and boasts previous sales such as MGTV.com for $130,000 and Uniti.com for $197,500.
I have asked my contacts at 62.com whether they can confirm the exact sales price, so this article will be updated if I get an exact sales figure.
Update: According to 62.com, the exact price cannot be revealed, due to the buyer's agreement with the seller.
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