Domain To Be Auctioned

What is considered by many as among the most valuable domain names in cyberspace will be up for grabs to the public. The domain will be auctioned at law firm Windels Marx Lane & Mittendorf LLP’s office in New York next week after the Internet property’s current owner decided to foreclose it.

DOM Partners LLC, which combined forces with Escom LLC to purchase the domain in 2006 for a reported $ 14 million, has failed to pay its loans from its business partner, leading to the foreclosure. is said to be one of the most profitable online ventures. Lawyer Charles Carreon in the 2008 book “The Chronicles” said that the domain earned no less than $ 15,000 per day at one point.

Maltz Auctions, which has been tasked to carry out the sale, said buyers must show at least $ 1 million in check to be eligible to bid. The auctioneer also said that the domain is attracting a lot of interest, but admitted that it is still unclear who among the potential bidders are serious.