Sedo Reports Record 4th Quarter Sales

Posted on December 19th, 2008 by admin in Domain News | 1 Comment »

Sedo today announced record sales for its signature GreatDomains auctions held in November and December. The company passed the $600,000 mark in sales and sold over 90 domain names, including Crab.com for $92,000, Hole.com for $35,000 and Hottube.com for $30,000.

“We’re extremely pleased with the results of our recent online auctions, which demonstrate the value and staying power of the domain industry,” said Jeremiah Johnston, chief operating officer of Sedo. “Even funny domains, such as hottube.com, a “hut tub” mistype, are drawing serious money as entrepreneurs and businesses continue to leverage generic names as a creative way to maximize their online presence.”

Besides record sales, Sedo emphasized in its press release that the number of bidders in Q4 was bigger then in previous quarters this year.