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Saturday 24 June 2017

Apple iPad domain names for sale on eBay

Canny web users have snapped up iPad-related domain names, and are now listed on auction sites, such as eBay, for millions of dollars Photo: Apple
Canny web users have snapped up iPad-related domain names, and are now listed on auction sites, such as eBay, for millions of dollars Photo: Apple

Claudine Beaumont

Canny internet users have snapped up iPad-related web addresses and are reselling them for millions of dollars.

Online auction sites, such as eBay, have hundreds of listings for iPad-themed domain names.

Some web addresses can be snapped up for around $100, while others are listed for considerably more. One domain name, ipaddownloads.com, is on sale for $1 million.

Nik Tyler, the 31-year-old record producer who registered the ipaddownoloads.com domain name, told Fortune that he had received some offers, but "nothing in the price range" of what he hoped to achieve for the web address.

Mr Tyler said he bought three iPad-related domain names – ipaddownload.com, ipaddownloads.com and ipaddownloads.net – last year, for $6 each, after mounting speculation that Apple would launch a touch-screen, tablet-style computer by that name.

"This is probably the first very smart thing I have ever done in my life," he told Fortune.

Entrepreneurial web users are increasingly turning to domain name speculation as a way of making money, snapping up web addresses that may be sought after further down the line, and selling them to other businesses and individuals at a big profit.

Some web hosts, such as GoDaddy, enable people to make money by "parking" these domain names and receiving a share of pay-per-click advertising revenue.

But the business is a contentious one, with some domain name speculators falling foul of trademark laws put in place to prevent cybersquatting or name-jacking, the process by which individuals buy the website address of a well-known company or individual, and then sell it back to that person or organisation for many times what they originally paid for the domain.

Madonna famously won a court case in 2000 to win control of the website Madonna.com, which was owned by Dan Parisi. The World Intellectual Property Organisation, a division of the United Nations, ruled that Parisi had failed to prove a legitimate interest in the web address, and had registered it in bad faith.

Hundreds of other domain names are also on sale through eBay, including A1ipad.com, listed with a Buy It Now price of $4m, and appleipad.com, which has a Buy It Now price of $20m.

iPad-related domain names on eBay.co.uk are priced more modestly, with the most expensive domain, ipad-apple.bg, a relative bargain at £10,000.

The iPad goes on sale in the United States on April 3, and will be available in Ireland and the UK by the end of next month.

Telegraph.co.uk

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