Sedo to introduce auction service for domain name sales

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Sedo to introduce auction service for domain name sales

10-18-2006, 08:09 AM,

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mandy Offline

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Sedo to introduce auction service for domain name sales

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

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