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The
Lowdown
Welcome to
the
Lowdown from
DN Journal - your source
for notable news and information from all
corners
of the global
domain name industry!
The Lowdown is
compiled by DN
Journal
Editor & Publisher
Ron Jackson. |
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Joe
Uddeme at NameExperts.com Brokers $570,000 Sale of
IW.com + $3.8M IT.com Deal Closes Early
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Our
next bi-weekly domain
sales report Wednesday evening (June
22) will be highlighted by the completion of the
first publicly reported 2-letter .com sales
of 2022. We just got word this afternoon from NameExperts.com
Principal Joe Uddeme that he had brokered a
$570,000 deal of IW.com. Joe
represented the seller. A post about the sale on Twitter
made by the CEO Founder and CEO of 62.com,
Xiaosheng
Liu, indicates his company represented
the Chinese buyer of the rare two-letter domain.
For Uddeme, this will be his second Top 20 sale of
the year
to date, joining his April sale of Bobber.com
at $250,000 (Joe also had the biggest non
.com sale of the year in 2021 when he helped close
a $750,000 deal for Poker.net). We
also have an important update on that $3.8
million transaction involving IT.com
that we told you about last
November. The buyers made a $1.5
million down payment at that time and agreed the
pay the remaining balance over a 36-month period.
Broker Igor Furdyk at Linkoeln.com
(who represents the new owners of IT.com)
let me know this week that the company decided to
pay off the balance early and has now taken
possession of the domain to conclude the
blockbuster transaction. |
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The
new owners had already been putting IT.com
to good use as the foundation for a widely
publicized domain
registration service
that offers third level domain names
ending with .it.com - making names
like buy.it.com, sell.it.com, etc
possible. They have also been buying up
the IT letters in every possible TLD and
just added IT.cm to that list after
acquiring the domain for $38,500.
With the
IT.com sale now concluded, the domain can
be charted for the first time and will
almost certainly be the #1 sale on both
our bi-weekly
Top 20 Sales Chart and our 2022
Year-to-Date Top 100 Chart
when those are updated with the release of
the next sales column Wednesday evening. |
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(Posted
June 17, 2022)
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