Chances are good that you have never heard of the Canadian rock band, The Tea Party. Formed in 1993, the band broke up briefly in 2005, recording seven albums in their largely unremarkable 15-year career. The band's most popular album, The Edges of Twilight (released in 1995), sold 270,000 copies. None of their songs have ever received wide airplay in the United States, but two of their most successful ones, "Lullaby" and "Soulbreaking," did rise to third on the Canadian Singles Chart. The band's 42-year-old lead vocalist Jeff Martin, from Windsor, Ontario, looks the part, slightly resembling a crossbreed between The Doors' Jim Morrison and Pearl Jam's Eddie Vedder.
And should you find yourself in Saskatoon, a city in central Saskatchewan, on November 20, you can catch the band live at a 20,000-square-foot venue called the Odeon Events Centre. But chances are you won't be in Saskatoon that day, if ever.
What does make the band hugely relevant, however, is that it owns the Internet domain name, teaparty.com, and that ownership may now be its key to seven-figure riches as the Tea Party movement continues its ascent as the largest and most influential grassroots movement in U.S. political history. Not oblivious to the growing influence of the Tea Party movement, the band retained Boston-based Sedo, a domain brokerage firm, to sell its domain name. “It’s very rare when a domain name of this value and significance becomes available – especially one that is so timely and relevant,” Kathy Nielsen, Sedo's director of sales, said in an October 15 press release.
Earlier this week, Nielsen told Politico's Patrick Gavin that Sedo beat out 30 other firms in bidding for the exclusive right to sell the teaparty.com domain. So far, she says, they have received eight offers for it, and she predicts that the domain will sell within the next 30 days.