28 Jul '16, 8am

.web could already be a record-breaker as auction enters day two

.web could already be a record-breaker as auction enters day two Kevin Murphy , July 28, 2016, 08:23:32 (UTC), Domain Sales It seems likely that .web has already smashed through the $41.5 million record sale price for a new gTLD at ICANN auction. The auction, which kicked off properly at 1300 UTC yesterday, seems to have ended its first day of bidding at around 2300 UTC last night without a winner. That suggests, based on the rules and how previous auctions have played out, that we’re probably already looking at high bids over $50 million. The previous top price for a gTLD at ICANN auction was .shop, which sold to GMO for $41.5 million earlier this year. The signs are that .web will go for more. Be warned, this is mostly informed guesswork. I don’t know what the current bids are. ICANN auctions work in rounds. In each round the minimum bid is either $1 (for round one) or t...

Full article: http://domainincite.com/20813-web-could-already-be-a-reco...

Tweets

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