September 15, 2014
RALEIGH, N.C. (AP) - Web developer George Huger says he turned
$5 into $35,000 when he bought the expired Internet domain name for
former President George W. Bush's presidential library and then
sold it back.
The News & Observer of Raleigh reports Tuesday that Huger was
searching through a list of expiring domain names two years ago
when he noticed the Web address www.GeorgeWBushLibrary.com was
about to expire.
He bought the rights for $5, then sat on them for two years.
Huger says he recently sold them for $35,000 to Florida-based
Yuma Solutions, which the Bush Library Foundation says is in charge
of Web site care. Company owner Mark Mills didn't return the
Rights to the new president's address, BarackObamaLibrary.com,
are already taken.