Domain name industry booming with multimillion-dollar sales, but is it sustainable?

If hefty domain name prices are any indication, the dot-com resurgence may be headed for another bust. Just take a look at last week’s live auction sale by domain name broker Moniker. On Friday at the Traffic conference in New York, Moniker beat its record for the largest sale of a single domain name at live auction. That sale went to, which took in a cool $3 million. When the day was done, Pompano Beach, Florida-based Moniker had raked in $10.9 million for brokering 115 names.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.