Feeds

Belgian asks $1.5 billion for domain names

100,000 up for sale

  • alert
  • submit to reddit

Build a business case: developing custom apps

A Belgian doctor claims his collection of 100,000 domains could be worth a massive $1.5 billion - and he's ready to flog the lot.

Dr Lieven Van Neste has spent $2 million on his collection (he only started registering them in August last year) and has now enlisted the help of British-based domain auctioneer, shoutloud.com, to sell them off to the highest bidder.

The alternative medicineman intends to use to the proceeds from the sale to create a Global Health Centre - what he describes as a kind of "Wellness Resort" for all types of natural healing and fitness treatments.

Dr Van Neste won the backing of a handful of private investors to help buy the domains as well as using his own cash.

Stephen Etheridge, MD of shoutloud.com, said: "The sheer scale of the collection, not least in terms of the time spent choosing and registering each name, is absolutely mind-boggling."

According to Dr Van Neste, independent valuers have priced his collection at anywhere between $360 million and $1.5 billion.

Although some people might balk at the prospect of investing $2 million in domain names, Dr Van Neste believes his commercial ken is sound. He told the The Register he is currently negotiating with a Californian company to dispose of 12,000 domains for between $25 million and $50 million.

And he claims to have already secured $10,000 apiece for clicksoftware.com, optimumnutrition.com and getwellness.com.

According to Etheridge, even if he sells a quarter of his domains for what he describes is the "average market price of $3,000 each", Van Neste will scoop an impressive $75 million.

To see what the fuss is all about, go here. ®

A new approach to endpoint data protection

More from The Register

next story
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?