Late last week, Forex Magnates  reported that the Invest.com domain name was recently sold for $5 million to a company called Singulariteam. I do not see a confirmation of the sale from the company on its website, so this sale is unconfirmed. In its article reporting the sale of Invest.com, Forex  Magnates reported that  “An Israeli serial technology entrepreneur has invested over $5 million to buy the website domain, invest.com, in order to penetrate the forex industry.”

Current Whois records seem to indicate that a deal for this domain name may be underway. The registrant of Invest.com is listed as Escrow.com, and I presume that indicates the company is facilitating a deal for this domain name. I would reach out to Brandon Abbey, President of Escrow.com, but the company has a policy of not commenting on transactions done using the company’s services. Previously, the domain name had been  registered under privacy since 2011.

DNJournal shows that Invest.com sold for

When I agree to buy a domain name in the aftermarket, I typically have a value in my mind for that domain name. This value assumes the right buyer wants (or needs) to buy it, and they will be willing to pay what I believe is a fair price for the domain name.

Oftentimes with my domain names, I will reach out to prospective buyers to gauge interest in an acquisition. In addition, when I receive an unsolicited offer for a domain name, I may  also reach out to prospective buyers to see if any other companies would be willing to pay more for the domain name.

The result of these sale efforts is sometimes a decent offer, but one that falls below what I think the domain name is worth. Offers that are decent but fall short of what I believe the value to be are difficult to accept.

On one hand, I have reached out to the most obvious prospective buyers for a particular domain name, and the offer I am contemplating is the best of what I received. On the other hand, another buyer could want the domain name in the future and they might be willing to pay much closer to what I believe the value is, especially because it can be more difficult to get an offer when I am essentially cold calling.

When I receive offers that aren’t all that close to what I believe the value is, but the offer is fair,  I

The 1 letter Z.com domain name has reportedly been sold for nearly $6.8 million, according to a press release that hit the wires today. The buyer is a company called the GMO Internet Group, and the domain name had previously been registered to Nissan North America, Inc.

According to the press release distributed by the GMO Internet Group:

“GMO Internet, Inc. one of Japan’s leading Internet services providers and operator of the country’s largest domain registrar, today announces the acquisition of single-character domain name, Z.com (z.com/en) for JPY800 million.”

At today’s exchange rate, JPY800 million is worth $6,776,448 USD. This would rank as one of the ten largest publicly reported domain name sales of all time. It would also rank as the