iran.com domain sells for US$400,000

by ian on June 20, 2007

According to the weekly dnjournal sales report, the domain iran.com was sold for US$400,000.  The domain was purchased by Rick Latona of digipawn.com. Now my first reaction was, that is not a domain that I would personally pay US$400,000 for, it is not exactly a top holiday destination at the moment. But if you look further, according to overture stats, the word iran for January 07 was searched for 367,397 times.  It already has a reasonably respectable alexa ranking of 229,928. On the site it says “Iran is the 18th largest country in the world and home to 70 million ”.  A little research of my own, not sure how accurate these figures are, show that Iran has the third largest oil reserves in the world. So basically, if somebody has US$400,000 to spend on a domain in the first place, I will assume that they must know what they are doing.

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