Rick Schwartz has sold one of his domains to an end user for $750,000. He said he had originally registered it for $70 or $100 in 1997. No calculator needed to see that this is a hell of a return on investment! The domain transaction hasn’t been completed, yet, but it will be reported on DN Journal and the domain will be disclosed when it has changed hands.

Congrats, Rick!

** UPDATE (January 17, 2008)  **

According to this DN Journal post, the domain Rick has sold is iReport.com (sold together with i-Report.com). The buyer is the perfect end user for these domain names: CNN. CNN will use the domains for their i-Report program, which allows viewers to send in their own news, photos or videos, some of which will then be aired on television or featured on CNN’s website.