August 23
iSearch.com was offered for sale several times before on ebay, but failed to reach near the reserve, the last ebay auction ended at $61000:
Now it finally sold for a nice $300K to Intelius [Nasdaq:INTL]
Arlo Gilbert, the previous owner, has the news on his blog
I agreed to donate $200,000 to the same charity… the following morning an extremely wealthy individual whom I had never met or corresponded with contacted me and offered me $300,000 for something that had cost me only a few dollars (a domain name) several years ago.Not only is the donation tax deductible, but the profits on the name are long term capital gains on intangible property which means we get to take advantage of the 15% tax rate on those profits.
I am not foolish and have received many offers on this particular domain, so I took it. Truly an unbelievable turn of events.
This is an awesome domain and sooner or later it would have found a new owner willing to pay a decent 6 figure. Congrats to Arlo!
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August 23rd, 2008 at 7:44 am
Nice sale,
$300,000 Seems an ok price for this name.
Will be nice to see what they actually do with the name.
August 24th, 2008 at 12:15 pm
wow, this is superb.
this guy loves charity, and the bible has indeed stated clearly, GIVE and you will receive back, pressed down, shaken together, running over! Amen.