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New Australian Record Expected for Domain Name Sale
This coming Monday’s online auction of the domain name SovereignIsland.com is anticipated to attract Australia's highest ever sale price for a website address. If so, it will surpass the 2004 sale to the Australian government for TourismAustralia.com which was purchased for $201,000.00.
The prompting of the upcoming auction is due to the owner of the SovereignIsland.com being approached by an Asian developer to sell the website address. This valuable 'Virtual Real Estate' is being released onto the market for the first time since its original acquisition in 1999 and during that time, interest has been strong from south-east Queensland and overseas.
Domain name investments are proving to be the 'Hottest Internet Market'. In what organisers said was the biggest domain name auction yet in the computer-crazy country, Reuters reported on 23 August 2006 of a sale of a Chinese internet domain name which netted more than $A214,000 just last week. (http://www.abc.net.au/catapult/news/s1721812.htm) Some other recent multi-million dollar domain name sales include CreditCards.com sold for US$2.75 Million and this year’s sale of diamond.com for US$7.5 million
A Sovereign Island property attracted international attention recently after being featured on the highly popular "60 Minutes" program. The September sale of 'Baltimore' was alleged to be Queensland's most expensive non-beachfront home and although the purchase price remains undisclosed, the original asking value began at $16.5 million. Built over four levels, ‘Baltimore’ covers an incredible 2000 square metres and includes seven bedrooms. The property also featured an aquarium, a garage large enough for 15 cars, climate controlled wine cellar, indoor heated lap pool and gymnasium.