As outlandish as that price tag may seem, it’s not the highest price ever paid for a Domain. That distinction goes to Insure.com, which two years ago, sold for $16 million.
“Internet Real Estate will become the most valuable Real Estate known to man.” states Lurkin’s Founder, Alireza Mirmontazeri. Lurkin, a company founded by Mr. Mirmontazeri in 2002, owns and develops Domain Names. “Internet Real Estate”, as he calls them.
“A great Domain Name is like a great piece of land. In and of itself, that land has value. Now imagine that you develop that land. It’s value just skyrocketed.”
The company’s subsidiary, Mobiveo, which operates in the mobile market, just announced it is selling one of it’s prime properties, MusicRingtones.com.
“This is the opportunity to own a rare gem, and develop it into the defining brand in a billion dollar industry.” Said Mr. Mirmontazeri. The Ringtones industry is estimated to be more than $2 billion globally.
The domain, which is nearly a decade old, is being sold due to a change in the company’s operating model. “We wanted to create the internet’s definitive Ringtones portal, but we are moving in a new direction.”
Pointing to the recent $750,000 sale of Ringtones.com, he added “Virtually everyone in the developed world either has a mobile phone, or wants one, and many want Ringtones. That is allot of potential customers.”
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Founded in 2002, Lurkin owns and operates prime Internet Properties in a variety of industries. Lurkin is a privately held company based in Park City, Utah. Mobiveo is a subsidiary of Lurkin, specializing in the mobile industry. For more information, please visit Lurkin.com or Mobiveo.com.
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