Monday, September 19, 2011

whats in a Name ? Millions if its a web address

But the most coveted domain name, the one that many will stumble upon while searching for The Tea Party, is And no Tea Party group owns that domain.
The owners of that domain are a Canadian rock band called The Tea Party.
The Tea Party (band) is a trio out of Windsor, Ontario that have released eight albums through record label EMI. They formed in 1990 and played all the way up until 2005, scoring a number #1 song on the Canadian charts with “Heaven Coming Down.” They have sold over 1.6 million records worldwide. They reformed this year, only to find that the “Tea Party” name had spawned a whole new meaning during the years of their hiatus.
It obvious that the band has been at one end of a lot of confusion since The Tea Party (politics) burst onto the scene. As you can see from the lead image above, the landing page to their site,, says “No politics…Just Rock and Roll.”
The Tea Party (Official)No politics….Just Rock & Roll
The band told Bloomberg Businessweek that the confusion has not been good, even though it draws a ton of people to their site. “So much damage has been done to our name by the political movement that we’re considering selling,” says the bassist, Stuart Chatwood.
They say that last year, they began to get offers from political groups and investors – all wanting to purchase their domain name. The domain,, not only ranks on the front page of Google searches for “tea party” but is the default address that most people would type into the URL bar if they were looking for tea parry information.
Analysts say that with the political climate as it is and the name recognition of The Tea Party (politics), the domain could easiyl go for well over $1 million.
That’s a pretty big payday for a domain registered in 1993. The largest amount of money ever paid for a domain was $13 million paid for
The band admits that their politics swing left, saying –
We’ve considered lending the name to Stephen Colbert or Jon Stewart to have them dispel some of the stuff that the Tea Party says. As Canadians we’re somewhat sensitive to all the criticism of socialized medicine.
But they add, “We’ve got families.”
As November 2012 approaches, there is no telling what some organized interest might be willing to pay to snatch up such a valuable domain.

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