Featured in the Wall Street Journal · ABC News · BBC News · Forbes ·  Newsweek · USA Today · New York Times · CNN/Money · Investor's Business Daily

Home

August 27, 2012

Domain Sales

About Us

YTD Sales Charts

E-Mail Us

The Lowdown

News Headlines

Articles

Resources

Archive

Letters to Editor

Latest news of the domain name industry

 

 

 

 

 

 

The Lowdown Subscribe to our RSS Feed
Here's the The Lowdown from DN Journal,
updated daily
to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

A heavily advertised auction  of geo-targeted real estate related domain names will be held tomorrow (Thursday, June 11) at the Fairmont Hotel in San Francisco. The live sale, being 

conducted by the J.P. King Company, an Alabama based real estate auctioneer, will get underway at 1pm U.S. Pacific time (4pm Eastern). Internet bidding, a staple of most live domain auctions, will not be available for this event. Over 2,600 domains owned by Craig Harrison of RealEstateNet LLC have been broken into geocentric lots for the sale. Most follow the form (City Name)RealEstateListings.com. You can see the full list here

The no-internet auction format, a 20% buyer's premium that will be added to winning bids and the nature of the names in the catalog indicate the sale is primarily targeted toward real estate industry end users rather than domainers. Even so many domain industry media sites 

(including DN Journal) were utilized in J.P. King's ad campaign and Moniker.com was picked to handle escrow services for the sale. It will be interesting to see how this unique auction strategy (for a domain portfolio) plays out.

Internet Commerce Association Legal Counsel Phil Corwin has been working overtime lately. Last night he filed a letter on behalf of the ICA with the U.S. Department of Commerce, urging the DOC to Extend and Revise its Joint Project Agreement with ICANN that expires Sept. 30. ICANN, eager to escape U.S. government oversight, does not want to renew the agreement, but Corwin  makes a compelling case for the DOC to block ICANN's rush for the exit. 

The letter expresses ICA’s continued support for the principles underlying ICANN’s creation as well as for its eventual full transition to an independent, private sector-led technical coordinator of the domain name system (DNS). However, Corwin wrote, "when measured against the concerns articulated by ICA in its February 2008 submission to DOC’s Midterm Review of ICANN’s performance, adequate  

ICA Legal Counsel Phil Corwin

progress has not been made to justify termination of DOC’s “light touch” relationship with ICANN - nor have adequate steps been taken to assure that ICANN will not be “captured”, politicized, and transformed into an unaccountable Internet regulator following the termination of the JPA." 

Given the way ICANN has routinely ignored input from the Internet community when making decisions (even when that sentiment is virtually unanimously opposed to ICANN proposals) I  thought they were already an unaccountable regulator - but I digress.

Corwin goes on to explain, point by point, the areas where ICANN has been lacking, as well as those where they have made progress. I urge you read the letter in its entirety. The legal and regulatory environment is shifting under domain owner's feet and if situations like this are not closely monitored many are likely to find themselves put out of business by their own indifference.

(Posted June 10, 2009) To refer others to the post above only you can use this URL:
http://www.dnjournal.com/archive/lowdown/2009/dailyposts/06-10-09.htm

Click Here


For all current Lowdown posts - Go Here


We need your help to keep giving domainers The Lowdown, so please email [email protected] with any interesting information you might have. If possible, include the source of your information so we can check it out (for example a URL if you read it in a forum or on a site elsewhere). 


 Home  Domain Sales  YTD Sales Charts   Latest News  The Lowdown  Articles  
Legal Matters
  Dear Domey  Letters to Editor  Resources  Classified Ads  Archive  About Us

Hit Counter

 

Copyright 2009 DNJournal.com - an Internet Edge, Inc. company. 
No material may be copied from this site without expressed written consent.