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Wallstreet.com Fails to Sell; Porn.com Holds Record

Wallstreet.com Fails to Sell; Porn.com Holds Record
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Monday, Oct 15, 2007    Text size: 
LOS ANGELES — Domain name auctioneer Moniker.com reported that Wallstreet.com failed to sell as expected, leaving Porn.com as the domain sale record-holder.

Moniker spokeswoman Erin Burke reported that bids fell far below the $4 million-$5 million price set by Wallstreet.com's owners. The highest bid was $3 million, so the owners decided not to sell.

The sale of Wallstreet.com was expected to exceed Porn.com, which still remains the largest all-cash domain transaction ever made.

Burke said the owners, a European Internet entrepreneur and two other anonymous investors, plan to seek higher bids through an Internet-based auction.

Porn.com, purchased in May for $9.5 million by MXN Ltd., a PimpRoll affiliate, remains the highest domain sale of the year and the second largest of all time — Sex.com sold for $12 million in 2005.

Wallstreet.com was established in 1994 and sold for $1 million in 1999 to a Caribbean-based casino that ran it as an online gambling website. Four years later it was sold to its current owners for $2.3 million.

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