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03|18|2009 12:06 pm EDT

Auction.com Sold For $1.7 Million

by Adam Strong in Categories: Domain Sales

As previously reported by DNN, the domain name Auction.com was suspected to have been sold at the beginning of the month for $2.5 million.  DNN just received official confirmation from Rick Weinberg, Real Estate Disposition Corporation’s (REDC) Communications Director,  that the domain name was purchased by the company for $1.7 million.

“I’ve wanted this domain for years and I’m thrilled that we were able to acquire this coveted top level domain,” company Chairman Robert Friedman said. “REDC is without question the number one real estate auctioneer in America and quite likely the world. This is a domain we should have had from the beginning and I’m thrilled we are finally Auction.com.”

REDC’s consumer website for lender foreclosed home auctions, until now, has been at the less desirable domain USHomeAuction.com. The company is in the process of making the conversion to using Auction.com exclusively. “Only REDC, with our large marketing campaigns, can maximize the benefit of this domain,” Friedman adds.

The sale of Auction.com puts the domain in the #2 position for highest domain name sales for 2009.

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14 Comments

Shane

March 18, 2009 @ 12:17 pm EDT

Great rationale for this purchase. You can see why it was worth so much to them.

Gary Taylor

March 18, 2009 @ 12:23 pm EDT

A great domain for a nice price, it seems as though the global recession (ooh I hate using that term) has had some effect on domain sales prices. Do we know how much it was originally bought for by the previous owner or what kind of return they got from it?

Nonetheless the start to 2009 has been strong so far with a good collection of 6 and 7 figure domain name sales so far. Hopefully it will continue to get stronger.

Borat

March 18, 2009 @ 12:29 pm EDT

I wonder how much that makes AuctionMyCocktion.com worth.

GenericDomainMarket

March 18, 2009 @ 3:36 pm EDT

Great sale.

[…] Auction.com Sold For $1.7 Million | Domain Name News REDC :: REDC Acquires Domain Name Auction.com for $1.7M DomainsNews.Net???????????? […]

[…] Auction.com Sold For $1.7 Million As previously reported by DNN, the domain name Auction.com was suspected to have been sold at the beginning of the month for $2.5 million. DNN just received official confirmation from Rick Weinberg, Real Estate Disposition Corporation’s (REDC) Communications Director, that the domain name was purchased by the company for $1.7 million. “I’ve wanted this domain for years and I’m thrilled that we were able to acquire this coveted top level domain,” company Chairman Robert Friedman said. “REDC is without question the number one real estate auctioneer in America and quite likely the world. This is a domain we should have had from the beginning and I’m thrilled we are finally Auction.com.” More… […]

Max

March 22, 2009 @ 4:15 pm EDT

I’ve just seen a very interesting domain on ebay. The name is BloggerG.com
It is quite cheap and memorable. I bet even Bill Gaits will be glad to own it :).

Frank Michlick

March 22, 2009 @ 7:08 pm EDT

Who is Bill Gaits?

I only know of Bill Gates. Plus, I don’t think it’s appropriate to try to promote your domain auctions by comment spamming.

Dont.net

March 28, 2009 @ 4:32 pm EDT

I wonder if they will be able to recover that much from online business. They would’ve been better off with buying REDC.com lol, my point of view I reckon..

[…] Real Estate Disposition Corporation’s $1.7 million purchase of the Auction.com domain name in 2009 was a smart move that gave the company greater credibility. Until then it operated at the domain […]

[…] Auction.com was rumored to be selling for even more money — $2.5 million. But it came in at $1.7 million after being purchased by Real Estate Disposition Corp. […]

[…] Auction.com was rumored to be selling for even more money — $2.5 million. But it came in at $1.7 million after being purchased by Real Estate Disposition Corp. […]

[…] Auction.com was rumored to be selling for even more money — $2.5 million. But it came in at $1.7 million after being purchased by Real Estate Disposition Corp. […]

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