$50,000 Bid on this expired dot com –

The domain name FarsNews.com has expired and is in auction at GoDaddy.

The current bid of $49,500 USD is sure to be topped at some point and break the $50K barrier for this expired dot com domain name but why?

I myself had to question who be willing to drop 50k on this domain name but after a quick Google on the term Fars News, you discover that the number one ranking for the term is a popular CCTLD FarsNews.ir

Checking out  Wikipedia we can discover more details about Fars News.

“The Fars News Agency is a news agency in Iran managed by the Islamic Revolutionary Guard Corps (IRGC), an armed wing of Supreme Leader Ali Khamenei. While it describes itself as “Iran’s leading independent news agency”, ^{it is widely described by Western news media to be a “semi-official” news agency of the Government of Iran. All its content is free content, Creative Commons licensed”}