Originally Posted by Pornflix

For a guy who has gone into "semi-retirement" Domain King Rick Schwartz is still having some very productive sales days. In fact Rick just let us know he has closed the second biggest sale of the year to date, moving XXXVideos.com for a whopping $1,368,000.

Rick said he originally acquired XXXVideos.com for just $920 in 1997 and that over the years leading up to the sale the name had produced around $150,000 in revenue for him. The buyer of the domain has chosen to remain private. Schwartz said 1997 was the year "the light bulb went off" for him, sending him off on a buying spree in which he acquired what proved to be some of his best

Schwartz picked up 57 names from their original owners that year after previously hand registering most of the domains he owned. This may have been the birth of what we now know as the aftermarket. It was before Escrow.com so each purchase was a risk as you sent off your money and hoped for the best. Still Schwartz said he was only stiffed one time when he sent someone $1,000 for a domain that the "seller" never delivered.
Rick Schwartz Banks Over $2 Million With Blockbuster One-Two Sales Punch