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02|22|2011 10:45 am EDT

Sex.com Domain Sale Entered into Guinness Book of World Records

by Frank Michlick in Categories: News

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The Sale of Sex.com has now been entered into the Guinness Book of World Records. The entry is currently listed online only, but will be included in the next print edition. The domain name was sold for $13 million USD by Escom LLC to Clover Holdings Ltd on 17 November 2010. Sedo brokered the sale.

There’s two books on the history of sex.com that now need to be updated:

11|17|2010 07:12 pm EDT

Sex.com Sells for $13 million USD

by Frank Michlick in Categories: Domain Sales

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As Sedo and Escom just announced with a press release that Sex.com has just sold for $13 Million USD. The name was originally purchased in 2006 for a then record $11.5 million. The sale was brokered by Sedo’s Jeff Gabriel and the domain is now free and clear of all creditor liens.

See the full press release after the jump.

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07|01|2010 02:13 pm EDT

Sex.com for Sale via Sedo

by Frank Michlick in Categories: Domain Sales, Up to the Minute

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The sex.com saga continues. Escom, LLC the holding company that owns the domain name went into foreclosure earlier this year. An auction for the domain name had been scheduled for March, but was stopped last-minute. As reported before on DNW, Sedo now confirmed that they are going to be the broker for the sale of the Sex.com domain name. Parties interested in buying the Sex.com domain should contact Sedo at consult@sedo.com.

Even though Mike Mann had conditionally offered to donate his portion of the domain to PETA, it appears that the IRS will not allow him to deduct the amount as a donation.

See the full press release after the jump.

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03|30|2010 05:29 pm EDT

Mike Mann Conditionally Agrees To Donate His Portion Of Sex.com To PETA

by Adam Strong in Categories: Legal Issues

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As if the whole saga of Sex.com being stolen and then given back to the original owner wasn’t a strange enough story, now Mike Mann, who is one of several reported owners of Sex.com, has agreed to donate his portion of the domain name to the animal rights activist group PETA.

As Domain Name Wire points out, PETA is known for grabbing headlines by chiming in on hot topics with off the wall suggestions had suggested in a letter that the owners donate the domain to them. Writing on their blog about the donation, they add Mann’s donation to the “Things that nonbelievers thought were never going to happen”.  I’m sure PETA didn’t really see this one coming either.

Mann has stepped up to the plate and said he’d donate his share of the Sex.com domain to PETA on the condition he receives a $50 million tax deduction for the donation.   Sure, why not .  Mann is seeking the IRS to accept HIS appraisal of the domain name at $50 million .  Why his appraisal ?  Well because Mann claims to be the world’s foremost authority on domain values.

The Sex.com domain is caught up in a huge legal tangle as creditors sought to recoup their investment and auction the domain which was set for last week.  ESCOM a company partially controlled by Mann declared bankruptcy shortly before the auction which indefinitely postponed the auction of the domain.  This new little wrinkle should continue to drag things out and complicate the matter even more and bring more mainstream press interest. . . .Good or bad ?

03|17|2010 11:41 pm EDT

Sex.com May Not Go to Auction Tomorrow, Involuntary Chapter 11 Filed

by Frank Michlick in Categories: Legal Issues

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According to Sedo and Mike Mann (as reported by Elliot Silver) the auction for Sex.com that is scheduled for tomorrow, may not take place after all. Both sources say that an Involuntary Chapter 11 was filed against Escom, LLC the company that owns the domain. The auction page now states that the auction has been postponed.

Involuntary Chapter 11 Petition Filed Against Escom, LLC – Owner of the Sex.com Domain Name

Woodland Hills, California – Creditors of Escom, LLC (“Escom”) today filed an involuntary Chapter 11 bankruptcy petition against Escom in the United States Bankruptcy Court for the Central District of California (San Fernando Valley Division).

Petitioners took this action to protect their interests and to maximize value for all other creditors and equity holders. The filing will stay the public auction foreclosure proceedings previously scheduled for March 18, 2010, which petitioners believe would have diminished the value of Escom’s assets.

For more information, please contact:

Lawrence Morrison, Esq.

Meister Seelig & Fein LLP

(212) 655-3582

lfm@msf-law.com

The sex.com saga continues.

03|10|2010 10:45 pm EDT

Huffington Post Gets In On Top Domain Name Story

by Adam Strong in Categories: Domain Sales

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With the buzz circulating around the upcoming Sex.com sale, mainstream press is picking up the story of  “the world’s most expensive domains”.  Several people contacted us to tell us about CNN running the Sex.com domain sale on the ticker this morning.

Now HuffPo is getting in on the story with their take on the top domain sales.  They’ve included a couple domains on their list that many reading will point out were more than just domain sales (insure.com,casino.com, fund.com ).  The story actually looks like it may have been sourced from the Daily Telegraph story from today.  See I told you that everyone is getting in on this story.

The best part of the HuffPo story though is that they allow their readers (the average Joe) to rate, on a 1-10 scale, whether these were good buys or not.  Only a couple domains have broken out of the 5 range so far. If you’ve ever wondered what people thought of these sales. Now you can see first-hand

02|18|2010 02:57 pm EDT

Sex.com Goes In To Foreclosure

by Adam Strong in Categories: Domain Sales

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In the ongoing drama that is Sex.com another major twist in the story has occurred. Sex.com has now been listed at Maltz Autctions as an asset to be sold at a foreclosure auctionElliot Silver scooped the legal documents listing the domain name, the loan agents, as well as the investors involved.

The domain name was sold in January 2006 for a rumored $14 million to a group of previously private investors. It was rumored at the time that Internet RealEstate and former BuyDomains owner Michael Mann were involved.  The rumors obviously can be confirmed by this filing.

Sex.com is already a popular domain by nature of the subject matter. The 2006 sale gave it the highest domain sale bragging rights.  It’s the one domain that has been the focus of two books, one by Kieren McCarthy and one by lawyer Charles Carreon.  It’s been stolen and returned and then sold and now it’s gone in to foreclosure.  If it’s popular subject matter didn’t make this name interesting, surely the history and ongoing story behind Sex.com makes it one of the most popular domain names ever.

10|17|2008 03:45 pm EDT

Are Domain Names Considered Property or Not?

by Adam Strong in Categories: Legal Issues

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I was up late last night cruising through the 44 page docket from the case involving the 141 gambling domain names seized by the state of Kentucky.  This is a landmark case in my opinion and I wanted to read some of the fine print.  It’s pretty clear that this case will be setting some major precedent regarding jurisdiction and domain name use, but there was something else that caught my eye in the document. The groups involved in the case made several points in their efforts to have the case dismissed, but a discussion on domain names being considered property is the one that made me look twice. (more…)