by Traverse Legal, reviewed by Enrico Schaefer - February 4, 2008 - High-Tech Law Firms
The number "5" license plate sold for $6.8 million dollars in Saudi Arabia and another 300 vanity plates sold for another $56 million at last week’s auction. It is estimated that the number "1" will be auctioned next month for up to $20 million dollars.
The free market is just realizing the value of a domain name, driven by
the fact that each domain name is unique and – typos and cybersquatters
aside – their ‘one-of-a-kind’ nature. Domain names are in many ways
like lake front property (and yes vanity license plates).
Read the entire article and watch video here.
As a founding partner of Traverse Legal, PLC, he has more than thirty years of experience as an attorney for both established companies and emerging start-ups. His extensive experience includes navigating technology law matters and complex litigation throughout the United States.
This page has been written, edited, and reviewed by a team of legal writers following our comprehensive editorial guidelines. This page was approved by attorney Enrico Schaefer, who has more than 20 years of legal experience as a practicing Business, IP, and Technology Law litigation attorney.
