Domain Magnate

Answers.travel Sold for $3.3 million - it was first reported 2 months ago, but recently sprung a more heated discussion in sight of the depressing economy and the ridiculous amount for an unpopular extension.

Naturally this is the biggest (and possibly the only) .travel sale to date. Despite the shocker it appears to be true as was reported by credible sources: businesswire, reuters.

Different explanations were proposed, from a ‘fake sale’ to ‘money laundering’, tax evasion et. But I can add that I’ve seen enough stranger things happen in domaining over the last few years to know that anything is possible. However don’t get your hopes up, good domains are still good and bad is going to remain bad..

BankRate Inc made a few surprising purchases lately, paying millions of dollars for small one man sites.

First was CreditCardGuide.com, a site that provides credit-card comparisons. According to compete.com it receives close to 200K monthly visitors from US. Still hard to imagine the site revenues being able to justify the $32 million pricetag the company paid a month ago. read more »