Premium domain name www.ramp.com sold for US $25,211 tonight!

The domain, Ramp.com was owned by Ramp Corporation which is being liquidated in bankruptcy (U.S. Bankruptcy Court for the Southern District of New York case 05-140006).

The transaction will be completed through the debtor’s law firm Snow Becker Krauss in New York (www.sbklaw.com).  The law firm will hold the payment in escrow until a bill of sale is executed and the domain is transferred to the new owner (eBay ID – discountramps).

If you ask me, the sale was a hurried one and the domain could have fetched much more, at least One Million USD, had the law firm made it a longer auction and publicized it a little as well. What do you say, guys?

A New York, USA, based company, Fund.com Inc. (earlier known as Meade Technologies Inc.), has bought the rights to the domain fund.com for reportedly almost $10 million in an all-cash transaction! Another world record of sorts!

The deal was brokered by Clek Media Inc. and the sale of the domain FUND.COM was actually for US$9,999,950.

It is yet another big dollars domain acquisition to make people and take notice of the excitement that surrounds domaining and the profit that the domain has fetched its original registrant.

Such transactions, though few and far between, keep the hopes of us small-time domainers alive! Though I do not have any single word .com premium domain, yet I have a few that my domaining sense tells me will be worth a couple of hundred thousands down the line and till then, I am holding them