Thursday, March 5, 2009

Domains are still in great demand

Its nice to know that despite being in a bad economy and prophets of doom & gloom everywhere, that somethings are still attracting a ridiculously-high price. No I'm not talking about banking executives pay or the price of strawberries at Wimbledon Tennis Week (Prediction: even these won't be as expensive as last year), but domain names.

So how much are they worth? Well, what someone is prepared to pay, since they are the epitome of the free market economy. And now Toys'R'Us has has bought for $5m.

With online still growing, could this turn out to be a great decision (or the next ABN Ambro)?
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