Chinese Domain names sold for $160,000
A pair of sites named for ultra-mobile personal computing (umpc.cn and umpc.com.cn), one of the hottest technologies around, fetched an eye-popping 390,000 yuan ($49,000).
Generic domain names including art.com.cn and book.com.cn sold well above their reserve prices, while caipiao.com — “caipiao” means lottery ticket in Chinese — fetched 37,000 yuan.
Generic domain names including art.com.cn and book.com.cn were also sold.
The prices fetched were far from the giddy sums that change hands in the West. Five of the 12 names up for auction failed to attract a bid. But Wang said the sale total of 1.3 million yuan was, as far as he knew, a record for China.
Aight! i’m selling this domain for $10k =)
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