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Joe Uddeme at NameExperts.com Brokers $570,000 Sale of IW.com + $3.8M IT.com Deal Closes Early

Our next bi-weekly domain sales report Wednesday evening (June 22) will be highlighted by the completion of the first publicly reported 2-letter .com sales of 2022. We just got word this afternoon from NameExperts.com Principal Joe Uddeme that he had brokered a $570,000 deal of IW.com. Joe represented the seller. A post about the sale on Twitter made by the CEO Founder and CEO of 62.com, Xiaosheng Liu, indicates his company represented the Chinese buyer of the rare two-letter domain. For Uddeme, this will be his second Top 20 sale of the year to date, joining his April sale of Bobber.com at $250,000 (Joe also had the biggest non .com sale of the year in 2021 when he helped close a $750,000 deal for Poker.net).

We also have an important update on that $3.8 million transaction involving IT.com that we told you about last November. The buyers made a $1.5 million down payment at that time and agreed the pay the remaining balance over a 36-month period. Broker Igor Furdyk at Linkoeln.com (who represents the new owners of IT.com) let me know this week that the company decided to pay off the balance early and has now taken possession of the domain to conclude the blockbuster transaction. 

 

The new owners had already been putting IT.com to good use as the foundation for a widely publicized domain registration service that offers third level domain names ending with .it.com - making names like buy.it.com, sell.it.com, etc possible. They have also been buying up the IT letters in every possible TLD and just added IT.cm to that list after acquiring the domain for $38,500.

With the IT.com sale now concluded, the domain can be charted for the first time and will almost certainly be the #1 sale on both our bi-weekly Top 20 Sales Chart and our 2022 Year-to-Date Top 100 Chart when those are updated with the release of the next sales column Wednesday evening.

(Posted June 17, 2022)  

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