Sedo Finalizes GreatDomains 2008 Auction with Six-Figure Bid
Cambridge, Massachusetts – (Cheap Web Hosting Directory) – March 5, 2008 – Domain name marketplace, Sedo, has concluded its second GreatDomains auction of the year, with a six-figure bid for Eggs.com valued at $112,500.
In addition, bids that surpassed $25,000 were placed on appartment.com, handhelds.com and bobbleheads.com. The auction began on Thursday, February 21 and ended on Thursday, February 28.
Jeremiah Johnston, Chief Operating Officer and General Counsel, at Sedo noted, ”Our highly reputable GreatDomains auction has consistently attracted the highest bids from domain name enthusiasts and entrepreneurs around the world. We expect this trend will continue, as the significant growth of the domain name market in 2007 will continue to fuel the uptake in demand for premium domains in 2008.”
Beyond the top four best selling domains, there were other noteworthy premium names that fell within the $20,000 $10,000 bidding range. These included cellulitis.com, invents.com and gaywedding.com. Domain names that received bids valued at less than $10,000, but have the potential to be top selling names in future auctions, include coworker.com and romanticmovies.com.
Sedo acquired GreatDomains, the online platform for buying and selling premium domain names, in June 2007. Sedo, (acronym for ”Search Engine for Domain Offers”), is an online marketplace for buying and selling domain names and websites. Sedo began in 2001, as a student project among three friends: Tim Schumacher, Ulrich Priesner, and Marius Wrzner. The trio distributed computer games through the website offensiv.de. After the business was phased out, the students considered selling it, which laid the foundation for Sedo: ”search engine for domain offers.” Headquartered in Cambridge, Mass., Sedo has assembled what it believes is the world’s largest database of domain names for sale, with more than four million listings. Buyers and sellers are brought together through a searchable online marketplace, and conduct negotiations anonymously using an offer-counteroffer system. To facilitate successful transactions, Sedo has introduced a range of related services, including domain name escrow/transfer services, domain name appraisals, a domain brokerage service and paid domain name parking. Sedo’s model has attracted a global membership base of more than 355,000 domain professionals, and more than 7 million listings. Sedo offers regional versions of its site for the UK (Sedo.co.uk), France (Sedo.fr), Germany (Sedo.de), and Spain (eSedo.com).
For more information more about Sedo, please visit: www.sedo.com.
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