11|07|2007 03:05 am EDT
From documents published on the Dark Blue Sea website, it appears that Fabulous has sold one of their marquis domain names, in what one would expect to be a sizable transaction. The domain is referenced in the DBS Quaterly Update :
On the basis of October trading, gross secondary market domain name sales are expected to be approximately US$1 million. This is up from the September quarter but includes the sale of bedroomfurniture.com (the reference domain that the company had been using in its shareholder communications).
Domain Name News has not received a formal confirmation on the sale or the price of the domain name, but ownership has obviously been changed to CSN Stores. The domain name was one of Fabulous’ marquis developed domain names and has been referenced for years in their filings and presentations as an example of a direct navigation domain. The domain name was developed to incorporate ppc as well cpa advertisers into the site. The buyer, CSN Stores, maintains a vast network of e-commerce websites many in the home furnishings niche. CSN has also partnered with Internet Real Estate Group in development of their domain name Luggage.com.