Children as young as eight are snapping up internet website names and selling them for as much as £10,000. Playground entrepreneurs register catchy domain names for £39 and sell them to web developers.
"They are watching their parents making money out of the internet and they want to have a go.".....

  Cyber bet makes for loads of dosh.com - The Times March 11 00 09:20

A GAMBLE on an Internet address has made a handsome return for a computer programmer who had never placed a bet in his life. Mark Dale, 26, bought the name www.bettingservice.com for £70 last year. This week he traded in his Metro for a Porsche 944 after selling the name for £25,000.....

  Betting on Banks.com a great gamble - The BBC- 6th December 99 09:20

UK internet entrepreneurs are hoping to make a fortune by auctioning off the internet address www.banks.com. The domain name is up for grabs with a reserve price of £1m ($1.6m), but the owners of the web address clearly hope to make more. Last week, the name www.business.com was sold for a record $7.5m (£4.68m).....

  Drugs.com sells for $800,000 - The Independant- 9th August 99

A Web developer outbids the pharmaceutical giants and snaps up the domain name drugs.com for more than US$800,000.....

  Need for New Domains is Urgent - Wired News Survey - August 99

The need for new domains is urgent. In April of last year a Wired News Survey found that of the 25,500 standard English Language dictionary words only 1,760 remain unregistered. The race for suitable domains is on-going.