Recycle.co.uk Sold for Highest Value for a .co.uk Domain
Cologne, Germany—Sedo, the leading market place for Internet domain names and Web sites, has announced that recycle.co.uk has sold for GBP150,000 (over $313,000).
It is the highest figure paid for a co.uk internet domain name and breaks the last recorded value by GBP40,000 which was set by J Sainsbury plc when it purchased taste.co.uk for GBP110,000 in 1997.
The Internet domain name, recycle.co.uk, was bought by ASAP Ventures, a venture capital company. ASAP Ventures will use the Internet domain name to fund a business which will provide UK customers with information on recycling services.
Nora Nanayakkara, Sedo’s UK Operations Director, commented, “We are seeing a growing interest in the purchase of co.uk Internet domain names in the secondary market. Over six million co.uk Internet domain names are already registered and there is a shortage of available quality names. This is driving the sale of high value generic names, such as recycle.co.uk.”
