Domain Name Wire

Domain Name Wire

  • Frank Schilling sold WheelsUp.com to Marquis Jet founder for $50k, later $500k offer

    1. BY - Mar 30, 2012
    2. Domain Sales
    3. 13 Comments

    Marquis Jet founder bought domain for new investment firm, later shuns $500k offer.

    Owen Frager and Elliot Silver recently discovered that Marquis Jet was somehow related to the buyer of WheelsUp.com, a domain Frank Schilling sold last year.

    Now we know the exact relationship.

    Marquis Jet founder Kenny Dichter bought the domain name for a new investment firm he’s part of, Wheels Up Partners, LLC, he told CNBC in an interview today.

    Purchase price? $50,000 according to Dichter.

    But it gets more interesting. Dichter says the company was then offered $500,000 by a national shipping company for the domain name. It turned down the offer.

    You mean even Frank Schilling can leave a little money on the table every once in a while?

    (Hat tip: DNW reader John Picchietti)

    Go to about 4:27 in the video below.

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