Over the weekend Moniker announced that the domain name “Israel.com” sold for 5.88 Million. The auction began on May 23 and ended six days later.

Today, the domain holds a generic Website providing general and tourist information about Israel and its heritage. It is yet unclear what the new content will be following the sale of the domain.

Prior to the transaction, the owner of the domain was Joel Noel Friedman, a 46-year-old Jewish American. According to the auction Website www.auctioninfo.org, Friedman said that he didn’t expect the domain name to be valued so high when he bought it in 1994.

Further Information : http://www.haaretz.com/hasen/spages/989326.html