| Domain name sells for record £150,000By Maija Palmer, Technology CorrespondentPublished: November 9 2007 01:50 | Last updated: November 9 2007 01:50The highest price ever paid for a .co.uk internet domain name has been recorded after “recycle.co.uk” went under the hammer for £150,000 ($317,000). The sale, announced yesterday, breaks the record of £110,000 which was paid by J Sainsbury for taste.co.uk in 1997. The domain name was bought by ASAP Ventures, a venture capital company, which plans to use the name to launch a company providing UK consumers with information on recycling. The price is another reflection of the high valuations associated with eco-friendly businesses. Sedo, the internet domain name auction company, which handled the sale, sold mobile.co.uk for £120,000. There is a growing interest in buying generic internet names such as these in the UK. There are 6m registered .co.uk domain names but a shortage of memorable ones. [ Read Article ]© Copyright The Financial Times Ltd 2007 |