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18-07-2012, 11:23 AM
Year2000.com domain draws $10 million bid<br>
By Jeff Pelline and Troy Wolverton <br>
Staff Writers, CNET News<br>
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December 21, 1999<br>
The bidding for the Internet domain name Year2000.com closed last night on eBay for $10 million, according to a posting on the Net auctioneer's Web site.<br>
If the bid is legitimate and the sale is completed, this could be a record amount paid for a domain name. eBay will know in about three days whether the bid is legitimate, said eBay spokesman Kevin Pursglove.<br>
The amounts paid for domain names have been climbing amid the boom in e-commerce. As reported, eCompanies paid $7.5 million for Business.com in November to launch a business-to-business Internet service.<br>
According to eBay's Web site, 13 bids were made for Year2000.com, starting at $1,005,000. The auction began on Dec. 30 and ended last night at 10 p.m. PST. The bidding for the domain name (item number 225003545) was a private auction, and the bidders' identities remain confidential.<br>
The Year2000.com Web site read today: "The Year2000.com domain name auction on eBay is now completed with a sale price of $10 million. This sets a record price for the sale of a domain name, breaking the previous record for the sale of the business.com domain name for $7.5 million by Houstonian Marc Ostrofsky" to eCompanies.<br>
"Details on the winning bidder will be disclosed upon completion of the transaction," the notice stated.<br>
Year2000.com was created for disseminating information about the Y2K bug. It is a joint venture of Petrus & Associates, which is owned by Canadian Y2K specialist Peter de Jager, and the Year 2000 Information Center, a subsidiary of Tenagra Corp. Based in Houston, Texas, Tenagra is an Internet marketing firm.<br>
The Year2000.com site is registered to Tenagra, according to domain name registrar Network Solutions. Tenagra chief executive Cliff Kurtzman is listed as the administrative contact.<br>
The sale includes only the domain name and address, according to the eBay auction listing. The content now posted on the site will be transferred to a new Web address if the sale is completed.<br>
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Read more: <a href="http://news.cnet.com/2100-1017-235145.html#ixzz15LUmaqVA" target="_blank">http://news.cnet.com/2100-1017-23514...#ixzz15LUmaqVA</a>
By Jeff Pelline and Troy Wolverton <br>
Staff Writers, CNET News<br>
Post a comment<br>
Related Stories<br>
Major sports leagues file cybersquatting suit<br>
December 21, 1999<br>
The bidding for the Internet domain name Year2000.com closed last night on eBay for $10 million, according to a posting on the Net auctioneer's Web site.<br>
If the bid is legitimate and the sale is completed, this could be a record amount paid for a domain name. eBay will know in about three days whether the bid is legitimate, said eBay spokesman Kevin Pursglove.<br>
The amounts paid for domain names have been climbing amid the boom in e-commerce. As reported, eCompanies paid $7.5 million for Business.com in November to launch a business-to-business Internet service.<br>
According to eBay's Web site, 13 bids were made for Year2000.com, starting at $1,005,000. The auction began on Dec. 30 and ended last night at 10 p.m. PST. The bidding for the domain name (item number 225003545) was a private auction, and the bidders' identities remain confidential.<br>
The Year2000.com Web site read today: "The Year2000.com domain name auction on eBay is now completed with a sale price of $10 million. This sets a record price for the sale of a domain name, breaking the previous record for the sale of the business.com domain name for $7.5 million by Houstonian Marc Ostrofsky" to eCompanies.<br>
"Details on the winning bidder will be disclosed upon completion of the transaction," the notice stated.<br>
Year2000.com was created for disseminating information about the Y2K bug. It is a joint venture of Petrus & Associates, which is owned by Canadian Y2K specialist Peter de Jager, and the Year 2000 Information Center, a subsidiary of Tenagra Corp. Based in Houston, Texas, Tenagra is an Internet marketing firm.<br>
The Year2000.com site is registered to Tenagra, according to domain name registrar Network Solutions. Tenagra chief executive Cliff Kurtzman is listed as the administrative contact.<br>
The sale includes only the domain name and address, according to the eBay auction listing. The content now posted on the site will be transferred to a new Web address if the sale is completed.<br>
<br>
<br>
Read more: <a href="http://news.cnet.com/2100-1017-235145.html#ixzz15LUmaqVA" target="_blank">http://news.cnet.com/2100-1017-23514...#ixzz15LUmaqVA</a>