Candy.com Domain Name Sells for $3,000,000!

Is this about the power of candy or the power of domain name real estate? It was reported that Candy.com was sold by the Florida based G&J Holdings for $3,000,000 to Melville Candy Company of Massachusetts. This is the same company runned by Rick Schwartz who sold iReport.com to CNN for $750,000. After the sale of toys.com sold earlier this year for $5,100,000, the candy.com sale is the second largest domain name purchase for 2009.

Hopefully Schwartz had his domain name attorney draft a solid domain name sale agreement so that there are no disputes regarding the transaction.