Be careful when buying domain names that have been around the block.
A German company that bought ONU.com for $30,100 on NameJet in 2013 has filed a lawsuit (pdf) after it says the domain name was stolen.
SMP GmbH & Co KG is planning to build an Airbnb-type site on the domain name. It was alerted that the domain name was stolen after it received an email in May of this year asking if it wanted to buy the domain name for $29,000.
The company believes the domain name theft was perpetrated by someone in China.
It appears that an innocent domain buyer might now be holding the hot goods. ONU.com sold for $22,000 on Sedo in July.
It’s possible that the person who sold it on Sedo was also an unknowing owner of hot goods.
This is why I suggest that domain names that get around might we worth less.