Virtual Real Estate market is booming!

The real estate market may be facing a real tough time these days, but the market for virtual real estate properties, the domain names is flourishing with people making heavy investments in acquiring prized premium domains.

According to DN Journal, domain sales worth $38,029,543 were reported In the first quarter of 2008, which is a 78% increase over the $21,253,105 in domain sales reported for the first quarter of 2007! The average sale is reported to be with average sale at $10,103 and the total number of reported sales was 3,764.

Amazing… I would say

The largest sale reported was that of the $10 million sale of Fund.com during the first quarter of the year! Other prominent sales included $2.6 million for Pizza.com and $1.7 million for DataRecovery.com

I am thrilled with this all. Seems like I am in the right business after all

Bond.com up for auction at Sedo!

A premium domain name, Bond.com has been put up for auction at leading domain name marketplace Sedo.com, for a reserve price of $1million.

Considering the immense hype surrounding the latest of the Bond movies, the interest of the fans in the Bond franchise, and the recent opening of the Ian Fleming exhibition at the Imperial War Museum, the domain name is likely to prove to be too hot and fetch a record price.

This is going to be worth watching out for, my friends!

Casino Royale was the best Bond movie if you ask me and the James Bond is one of my favorite movie series and I am sure that this domain is gonna be bought by a fan and for an astronomical sum! An excellent investment opportunity, more like a jackpot in a casino, it will be for whoever wins the domain auction