I wrote in March about the BlogExplosion aggregation site being put up for sale by the founders. Looks like someone bit as evidenced by the email I recieved yesterday, which read in part:
"Stephen (Sartain) has bought two sites from us previously with great results and has extensive experience running sites like BlogExplosion. Our final closing price was in the six figures and well beyond our minimum bid of $100,000."
You've got to hand it to the founders for being able to monitize an asset that produced only $72K USD in revenue in the 17 months between its founding and being put up for sale. Time will tell if this sale price versus stated revenues is frothy (i.e. the buyer really bought 'eyeballs' circa 2001 dot-bomb collapse versus a fairly predictable and decent revenue stream ) or part of the basis of developing a substantial and profitable internet property.
Revolution in the making, or the start of a new bubble? I'm on the fence about this at the moment and offer this case as a data point.