Less than a year ago, Eric Borgos announced that he acquired the Yachts.com domain name for $350,000, and he shared his plans for the business he intended to build on it. Andrew Allemann labeled it a “gutsy move,” and I agree considering the global Covid pandemic limited travel for quite some time.
This morning, Sedo broker Frank Tillmanns announced that Yachts.com was sold via Sedo. Frank mentioned the deal was co-brokered by Andrew Miller:
I reached out to Frank via email this morning to ask the price, and he let me know the domain name was sold for $600,000. Not including commission on the deal, the profit was $250,000 in less than a year. That’s an exceptional ROI.
Yachts.com is registered under Whois privacy at GoDaddy. I am unsure if the current website is Eric’s or the buyer’s because this website has existed since at least March, according to Archive.org. The title of the website is “The Yacht Metaverse.”
Update: Eric published a blog post this morning with more details about the sale.