10-18-2006, 08:09 AM
Quote: Sedo.com LLC plans to introduce this week an auction service for domain name sales, a company executive said Monday.
Jeremiah Johnston, COO and general counsel for the online marketplace for buyers and sellers for domain names and Web sites, said the new seven-day auction platform will augment a traditional model, where domain names are posted on the site for sale and price negotiated.
The eBay-like model aims to satisfy requests by businesses, as well as professional investors who purchase high-ticket domain names each year.
"Domain names will be put up for sale using the traditional model," Johnston said. "Someone who has a domain name receiving multiple offers from multiple parties can push the sale to our new auction model." ...
full article: http://www.informationweek.com/news/show...=193303394