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11|17|2010 07:12 pm EDT Sells for $13 million USD

by Frank Michlick in Categories: Domain Sales

As Sedo and Escom just announced with a press release that has just sold for $13 Million USD. The name was originally purchased in 2006 for a then record $11.5 million. The sale was brokered by Sedo’s Jeff Gabriel and the domain is now free and clear of all creditor liens.

See the full press release after the jump.

Escom Sells with Sedo for Record $13 Million

CAMBRIDGE, Mass., November 17, 2010 – Sedo, the online domain specialist today announced the sale of the domain name for a record $13 million. The sale was brokered by one of Sedo’s senior domain brokers, Jeff Gabriel, who conducted a three-month search for a buyer on behalf of Escom in accordance with an order issued by the United States Bankruptcy Court for the Central District of California.

“We are very pleased with the fact that the bankruptcy process provided a basis for the sale of the domain free and clear of all creditor liens, which has now yielded this record breaking price,” stated Del Anthony, CEO and president of Escom.

“It is very rare when a domain name of this quality and value becomes available, and we are delighted that Sedo was involved in this historic event. To our knowledge, this sale represents the single largest recorded price paid for a domain name in the history of the Internet,” said Jeff Gabriel, senior domain broker, Sedo.

Escom acquired the domain in 2006 for a then record $11.5 million. Sedo’s recent $13 million sale of now holds the record as the largest domain sale to date, which further demonstrates the continued demand for premium domains and the increasing value of

About Sedo

Sedo, an acronym for “Search Engine for Domain Offers,” is the leading domain marketplace and monetization provider. Headquartered in Cambridge, Mass., Sedo has assembled the world’s largest database of domain names for sale, with more than 16 million listings. The success of Sedo’s model has attracted a global membership base of more than 1 million domain professionals.

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