Domain Magnate

Moniker confirmed that the sale didn’t occur! The haaretz article about the sale was based on false info,

With America.com in the low reaching only $1.7M, Israel.com sold for $5.88MM today through moniker, hitting it’s $5.5 MM reserve. While it will top the annually sales chart the domain is priceless to any Jewish person and holds a high sentimental value. With Israel’s 60 years of independence celebrations two weeks ago now was a good time to sell the name.

The internet domain name “Israel.com” was sold over the weekend for $5.88 million. The buyer’s identity has not been revealed.

At the beginning of May, the internet domain registrar Moniker announced that the domain name “Israel.com” will be auctioned at a starting price of $5.5 million. The auction began on May 23 and ended six days later.

Today, the domain holds a generic Website providing general and tourist information about Israel and its heritage. It is yet unclear what the new content will be following the sale of the domain. read more »

A great post from Lord:

This is My True Story

There was a time when I was extremely frustrated with my domaining business. I was seeing people sell domains for hundreds of thousands of dollars and yet I had so many domains which no one was willing to pay even registration fee for, let aside thousands. What was worse was that I was not making much money in parking either.

Whenever I saw the domain-sales charts I would cringe. What was I doing wrong? Was there a fault in my investment strategy? I had to do something about it or simply get out of domaining business. It was a do-or-die situation for me.

There is another thing — I hate failing.

So, I sat-back to take a rational look at my investment strategy and find out what was wrong with it. And very soon I did. read more »