Domain names: 21st century real estate
 

*Source: Yahoo! News (http://news.yahoo.com/s/ap/20070722/...xOo3Gs0 NUE)*
_________
NEW YORK - Inside a midtown hotel, Larry Fischer is on his cell phone with a financial backer as his partner Ari Goldberger does quick research on a laptop computer. They are bidding furiously at this auction of Internet domain names, with hopes of snagging megayachts.com. The duo won't be deterred. They want this name.

"$110,000, yes or no? Quick," Fischer barks at Eli, the investor at the end of the phone.

Someone else makes a bid for $120,000. Fischer and Goldberger up the ante, and then again.

Going once, going twice ... sold to Fischer and Goldberger for $150,000.

"You got it," a smiling Fischer tells Eli. Mazel tovs are exchanged.

More...