As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.
Tuesday, 24 January 2017
Last updated 54 min ago
Jul 16 2014 | 11:14am ET
Bill Ackman may have given Jeff Klaips a moment of his time—but he’s not giving him any money for Klaips’ two Ackman-related internet domain names.
Klaips bought BillAckman.com and WilliamAckman.com in 2007. Two years later, he was offering them for $10,000 each. Now, he’ll take just $4,900 for both of them, according to Absolute Return—but Ackman isn’t biting.
Klaips, who runs a suburban Chicago construction clean-up company, worked the trick earlier this year, selling EddieLampert.com to the hedge fund manager’s ESL Investments for $4,200. Klaips had bought the domain 10 years ago.
Klaips actually met Ackman—and Lampert—at Sears’ annual meeting in 2004, winning an autograph and photo opportunity with each. He’s recently reached out to the Pershing Square Capital Management chief again, and says he’s received one response, but to date, no deal for the domains.
“I should have had it more priced like it is right now,” Klaips said, when Herbalife was out buying several Ackman-related domains as part of its dispute with the hedge fund manager. “I’ve got nothing to lose at this point… but I would never have guessed Eddie Lampert would have bought his first.”