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03|12|2008 12:52 pm EDT

Fund.com Sells for a Record $10 Million

by Chad Kettner in Categories: Domain Sales

Clek Media Inc. announced yesterday that it brokered the record setting sale of Fund.com for $9,999,950 – a report that had many domainers searching for verifiable proof.

When CNN posted the story on their website yesterday, it was nothing more than a PR feed from Marketwire, hardly the coverage you’d expect for a domain sale of this magnitude. A quick search around the internet failed to bring any more evidence to the surface, with no major news outlets reporting the sale.

The DomainState.com forums were filled with uncertainty, but a couple members – George Kirikos and Ron Jackson – validated the story as being true.

Kirikos dug up an SEC report that showed the transaction was reported to the U.S. government and Jackson, of DNJournal.com, was able to reach a representative for the buyer – Fund.com Inc., a New York firm previously known as Meade Technologies Inc. – and confirm the story.

Fund.com is the largest cash domain name sale in the last year in history, edging out last year’s $9.5 million sale of Porn.com.  The somewhat controversial domain IRS.com was reportedly purchased by Banks.com for $11.1 million in 2005, but according to company SEC filings the transaction was not an all cash deal.  Sex.com was believed to be sold for around $12-14 million, but the sale price was never reported to the public.

[CNN Press Release]

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