(Scroll down for video) A man hit the jackpot by selling his last name for one year and earned a fee of $45,500.
Some people may give you the shirt off their back for free. Others may give their last name, for a fee.
"I just saw an opportunity as my mom is going through a divorce, and I no longer need this name," 30-year-old entrepreneur Jason Sadler, who lives in Jacksonville, Florida, said. "I thought, 'How am I going to find a new name?’ And then I thought, ‘Why don't I just sell it?’''
For many, the idea of selling the family name can be crazy. Sadler said that he wants to reinvest the money he makes in other "fun marketing things" and "give 10 percent of it to charity."
The auction ended on buymylastname.com, and the winner will pay $45,500 for Sadler to change his name to Jason Headsets.com.
Sadler will legally assume the new name chosen by the winning bidder and will need to replace all official forms of identification.
The legal process can take several weeks, depending on the courts of the state of Florida. He will still need to submit fingerprints for the state to check his state and national criminal record, pay the cost associated with the transformation, get a court date to consider the name change request and receive final approval of a judge.