Domain Magnate

Jpost, the top israeli newspaper, published an article on the upcoming Israel.com auction at moniker

You would think Israel.com would be an exciting, detailed Web site on the Jewish state, designed to attract tourists from abroad. But when the Web address is punched in to your Internet browser, all you get is a simple page with an Israeli flag smack in the middle.

In contrast, Australia.com has a virtual tour video where a young man from down under guides you through the complex and fun site, and Mexico.com helps Net surfers plan their entire vacation in “just one click.”

But come May 23, Israel.com should be on its way to becoming exciting and informative. The domain name will be auctioned off to the highest bidder on the Moniker.com live auction site. The physical auction will take place at the T.R.A.F.F.I.C East Conference in Orlando, Florida. read more »

Israel is being sold off to the highest bidder. The Internet domain name israel.com is expected to fetch at least $5.5 million when it is sold at auction, said Monte Cahn, CEO of Moniker.com, which is running the sale.

Jean-Noel Frydman, 46, registered the domain name in 1994 and never imagined at the time it would be worth millions.

“Mainly, I didn’t want anyone to misuse it. That’s why I registered it,” he said, noting he retains final approval on the sale at the May 23 auction.

Frydman chose to part with his domain this year because of the 60th anniversary of Israeli independence, which is today.