US man gets $2.6m for domain name

[KRISARU]

A US man has sold the domain name pizza.com for $2.6m (£1.3m) - after
maintaining the site for just $20 a year since 1994.

Chris Clark, 43, accepted the offer from an anonymous bidder after a
week-long online auction.

“It’s crazy, it’s just crazy,” Mr Clark, who lives in North Potomac,
Maryland, was quoted as saying by the Baltimore Sun newspaper.

“It will make a significant difference in my life, for sure,” he
added.

Regret

Mr Clark registered the domain name in 1994, when the world wide web
was just starting.

He had hoped that pizza.com would help to get a contract with a pizza
firm for his consulting company.

He sold his business in 2000, but kept paying the $20 annual fees for
maintaining the domain, which he also used to sell advertisements.

In January, Mr Clark decided to sell it after hearing that another
domain - Vodka.com - was sold for $3m in 2006.

“I thought, ‘Why don’t I just try to see what the level of interest
is?’” Mr Clark said.

“If someone’s willing to pay that much for Vodka.com, maybe there’s
more interest in pizza.com.”

The online auction was launched on 27 March. The first bid was $100,
jumping to $2.6m a week later.

Having accepted the latter offer, Mr Clark hopes to get his windfall
in a few days’ time when the transaction is completed.

He said he now regretted not buying more domain names in the 1990s.

Source : http://news.bbc.co.uk

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