Make Money with Syed Ahmed

Thursday, April 3, 2008

Pizza.com Sold for $2.5 Million

I visit Sedo.com everyday to check out their daily domain sales and auctions and my eyes couldn't believe the bid going up from $100 to half a million dollars in a day for PIZZA.COM. Yeh! Pizza.com sold for $2.5M. Chris Clark registered the domain in 1994 for $20 a year. Now that's what I call smart investment. May be he didn't know the actual value of the domain back then but atleast he was smart enough to keep it for 14 years.
He should have set the reserve over $2 Million, though. Because, bidders stopped bidding higher after the reserve had been met. Last two days of the auction(after the reserve was met), I saw an increment of only $300,000. I think Pizza.com could've been sold for more than that. I would say around $4.5- $5 Million easily. Well! He's still luckier than rest. I am not jealous because I'll get that lucky soon, too. Congrats, Mr Chris Clark :)
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