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.