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Band loses domain, gets $300k anyway

Kevin Murphy, April 27, 2010, 12:43:10 (UTC), Domain Sales

A British pub band forgot to renew its domain name, but wound up £200,000 richer anyway, courtesy of an original work from the popular graffiti artist Banksy.

According to the Bristol Evening Post, Exit Through The Gift Shop was gifted a painting valued by Sotheby’s at £200,000 ($307,000) after it agreed to change its name to avoid a clash with the title of Banksy’s new film.

But was there also another benefactor, the person who caught exitthroughthegiftshop.com when it dropped and sold it to Banksy?

The band’s drummer said:

“We had lost the domain name as we had forgotten to renew it, and when we phoned up to ask to buy it back, the man said no, that we wouldn’t be able to afford it, and that he was the agent for the person who had the domain name.”

Whois records show that exitthroughthegiftshop.com dropped in March 2008, when it was promptly re-registered by somebody who hid behind an eNom privacy service.

The domain was transferred to its present owner (no, it’s not Banksy, I checked) two days before it was due to expire in March last year. Presumably, it was sold.

Did a domainer make a killing in artwork?

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