2000 Web Domain Nets $10 Million
The Internet site name “year2000.com” was sold at auction for $10 million, which would be a record if the sale goes through.
The bidding ended Saturday for the domain name, now being used for a Web site run by Peter de Jager, a Canadian computer consultant.
In an announcement to subscribers, de Jager and partner Cliff Kurtzman said the name “can undoubtedly be put to better use” in 2000.
Online auction site EBay accepted 13 offers by the end of bidding at 10 p.m. PST Saturday, according to the EBay Web site. The name of the buyer was not disclosed, and EBay said it usually takes three business days to determine whether a bid is legitimate.
The cost of virtual real estate has been on the rise as more companies seek a place on the Internet. The record for a domain name sale is $7.5 million. A Houston entrepreneur sold the name “business.com” to ECompanies, a business development firm based in Santa Monica.
