LI.com Sold for $500,000
Posted on September 3, 2007 | Filed Under Uncategorized
Sedo just sold LI.com for $500,000. This is the second 2 letter domain to sell for $500,000 this month. The other one was AZ.com at our auction last week. There are only 676 of these 2 letter domains in the world and most of them are owned by large corporations. I know there is a lot of pressure on ICANN to release a few of the single character domain names. If they did get released, they could fetch a few million each and bring ICANN some extra funds to help administrate the Internet.
I remember back in 2001 when you could buy a two letter domain name for $8,000. Granted the one I was looking had an X in it. But still, the price of 2 letter domain names are going up.
Source : Domaintools Blog
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