tennis.com.au sold for an estimated US$50k to US$70k
Tennis Australia, Australia's tennis governing body, announced that it bought the domain tennis.com.au for a "hefty fee", but "less than a six figure sum", from a Sydney-based domain investor group. The exact purchase price was not disclosed but is estimated to be in the upper five figures (Australian dollars), which amounts to approximately US$50,000 to US$70,000.
Defending the decision to do business with an unnamed Sydney-based domain investor group that had not actually used the domain for an active website, Tennis Australia CEO Steve Wood commented, "It's quite common, I might say, that domain names are bought and traded and so on. And we're very excited now that we've got that."
Congratulations to all the parties involved! Tennis.com.au is a top quality domain and certainly worth the purchase price. And the site looks quite impressive, too.
Mar 20th, 2008 at 7:51 am
Stock and Bond Trading as a Conservative Investment Strategy
It's likely that either curiosity or skepticism led you to this article, and I would agree that, for most individual investors, trading is approached in a totally speculative manner.