Technology, Culture, Commentary on the Internet Revolution

Pizza.com Sold for $2.6 Million

by Mike Abundo on April 5th, 2008

Recession? Not on the Web, baby!

A US man has sold the domain name pizza.com for $2.6m - after maintaining the site for just $20 a year since 1994.

Chris Clark, 43, accepted the offer from an anonymous bidder after a week-long online auction.

“It’s crazy, it’s just crazy,” Mr Clark, who lives in North Potomac, Maryland, was quoted as saying by the Baltimore Sun newspaper.

“It will make a significant difference in my life, for sure,” he added.

Believe it or not, there was a time when domains were just strings of data useful only to geeks. It’s stories like these that make you wonder: what dirt-cheap digital asset today will be worth millions in the future? What will technology adoption assign value to next? Social graphs? Folksonomies? In-game real estate? Superdistribution channels? Memes? LOLcats? Sheer fucking abundance? I don’t know. Place your bets, people.

(Photo by Hale Popoki. BY-NC-SA.)

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POSTED IN: Investment