Sex.com Officially in the Record Books at $13 Million
Wednesday, November 17th, 2010
Sex.com officially becomes the largest all cash publicly announced domain sale of all time.
The check has cleared.
A few weeks after signing documents for a $13 million all cash deal, Escom LLC has officially sold Sex.com with the help of Sedo. Congratulations to Sedo broker Jeff Gabriel who handled the deal. Also congrats to Sedo for its persistence trying to get the name to broker. It filed an affidavit with the court arguing it should be allowed to broker the domain name and said it felt it could sell the domain name for in excess of $6 million.
In the end the company sold the domain name for much more than I thought it would sell for. It’s also about $1.5 million more than the cash component of the last deal for the name. This comes despite a drop in the online adult entertainment market over the past several years.
A couple million of the sales price is being held back by the court pending settlement of outstanding claims between some of the investors.