( BW)(CA-GREATDOMAINS.COM) Bank of America Buys Loans.com for
$3 Million at GreatDomains.com in the Highest Price Ever Paid for a
Domain Name at Auction
Business Editors & Multimedia Writers
LOS ANGELES--(BUSINESS WIRE)--Feb. 8, 2000--GreatDomains.com
today announced that the winning bidder for the domain name loans.com,
sold Jan. 28, was Bank of America, one of the nation's largest and
most respected financial institutions.
The domain name sold for $3 million at GreatDomains.com, setting
the record for the highest price ever paid for a domain name at
auction. Bids on the domain name had been received from financial
institutions and venture-capital firms internationally.
"We congratulate the Bank of America management team for taking
this proactive measure to ensure their leadership position on the
Internet," said GreatDomains.com Chief Executive Officer Jeff Tinsley.
"Based on the amount of traffic this address is currently
receiving, not to mention its long-term potential, this price is a
very inexpensive means to drive traffic to their online lending
operations."
The seller was San Jose, Calif., computer consultant Marcelo
Siero, who registered the domain name in September 1994 for creation
of an e-commerce application. Siero later decided to sell this
valuable domain name instead.
"We congratulate Marcelo on this historic sale," Tinsley said.
"We were confident that we would break the record on this valuable
name given the power inherent in this domain name."
"I have nothing but admiration and respect for GreatDomains.com.
When I first approached GreatDomains.com to sell my name, I had offers
of around $100,000, which I almost accepted," said Siero. "They
represented me professionally and enabled this transaction to occur."
Record Domain Name Sales
TOP DOMAIN NAMES SOLD AT AUCTION
Broker Date
Loans.com $3,000,000 GreatDomains.com January 2000
WallStreet.com $1,030,000 New Commerce April 1999
ForSaleByOwner.com $ 835,000 GreatDomains.com January 2000
Drugs.com $ 823,456 GreatDomains.com August 1999
Cinema.com $ 700,000 GreatDomains.com January 2000
TOP DOMAIN NAMES EVER SOLD
Broker Date
Business.com $7,500,000 None November 1999
AltaVista.com $3,250,000 None July 1999
Loans.com $3,000,000 GreatDomains.com January 2000
Wine.com $3,000,000 None September 1999
Autos.com $2,200,000 Hit Domains December 1999
Express.com $2,000,000 None December 1999
WallStreet.com $1,030,000 New Commerce April 1999
eFlowers.com $1,000,000 None February 1999
ForSaleByOwner.com $ 835,000 GreatDomains.com January 2000
Drugs.com $ 823,456 GreatDomains.com August 1999
Cinema.com $ 700,000 GreatDomains.com January 2000
About GreatDomains.com
Since 1996, GreatDomains.com has been the marketplace for domain
names, and now it has more than 300,000 listings. Maintaining high
ethical standards and integrity, GreatDomains.com created the
procedures by which domain-name sales are handled, protecting the
interests of all parties to the transaction. Additional services
include domain-name appraisal and third-party domain-name escrow
services.
--30--DB/la* MT/la
CONTACT: GreatDomains.com
Steve Newman, 818/753-3286
steve@greatdomains.com
or
Smith Public Relations, Los Angeles
Diana Soltesz, 310/788-0456
Diana@smithpr.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: E-COMMERCE INTERNET BANKING
(c) 2000 Business Wire. All reproduction, other than for an individual
user`s reference, is prohibited without prior written permission.
(c) 2000 Business Wire
Author not available, Bank of America Buys Loans.com for $3 Million at GreatDomains.com in the Highest Price Ever Paid for a Domain Name at Auction. , Business Wire, 02-08-2000.
