October 24 is one of the most important dates in domain-dispute history.
A European institution registered an early .int, ICANN established the framework that still decides who keeps disputed domains and years later a single drink-related .com changed hands for $140,000.
Domains: part technology, part business, part courtroom drama.
1997 – Council of Europe Registers COE.int
On October 24, 1997, the Council of Europe registered COE.int, making it one of the early domains in the restricted .int namespace.
.int was never meant to become the next .com.
Which is probably why domain investors cannot buy 500 of them at 2 a.m.
1999 – ICANN Approves the UDRP Framework
On October 24, 1999, ICANN’s Board approved the implementation documents for the Uniform Domain Name Dispute Resolution Policy — UDRP and authorized its implementation.
The system created a standardized way to deal with abusive domain registrations involving trademarks and remains fundamental to domain disputes today.
In other words:
You can register a domain in seconds.
Explaining why you should keep it may take considerably longer.
“Only cases of abusive registration are subject to administrative proceedings.”
— ICANN meeting record, October 24, 1999
2012 – Cognac.com Sells for $140,000
On October 24, 2012, Domain Name Wire reported that Cognac.com had sold for $140,000.
The seller had bought the domain for $88,000 in 2008, producing a gain of roughly 60% in four years.
Buy for $88,000.
Sell for $140,000.
And unlike actual cognac, the domain did not even need 20 years in a barrel.
October 24 is a useful reminder of the three things every domainer eventually meets:
registration, regulation and resale.
Preferably in that order.
Have a great day… and even better domain sales!
Pavel from pavel.domains
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