Domain Name Wire

Hobbies.com Goes from Bankrupty Auction to Aftermarket (and Triples in Price)

Hobbies.com sale provides a nice return to the seller.

Afternic brokered the sale of Hobbies.com this past week for $297,500, giving the seller a nice profit.

The domain name has an interesting history. It was purchased along with iToys.com in the eToys bankruptcy auction back in February 2009 for $102,000. So even if iToys.com is worthless (which it’s not), the seller tripled his money in less than two years.

This makes sense, as the auction for this domain name (and others in the auction including Toys.com) was kept fairly quiet. Buyers also had to pay a deposit and submit a custom purchase agreement contract to participate. Proof in point: Toys.com sold at the auction for $1.25 million. People who weren’t aware of the auction petitioned the court and the domain name was re-auctioned for a whopping $5.1 million.

The buyer is Triton Web Properties, which owns gems such as Boating.com, Biking.com, and Yachting.com

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Related posts:

1. Toys.com, Birthdays.com, Hobbies.com Sold at Auction
2. 800.com Buyer Dials Up Great Deal at $250,000
3. Court Approves Toys.com Sale

Tags: Domain Sales