Largest Live Domain Name Auction Produces Nearly $2.1 Million in Sales :: Internet News and Articles

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Largest Live Domain Name Auction Produces Nearly $2.1 Million in Sales
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Largest Live Domain Name Auction Produces Nearly $2.1 Million in Sales

The largest live Internet domain name auction ever held produced nearly $2.1 million in sales in just 3 hours Thursday, May 4 in the main event at the T.R.A.F.F.I.C. WEST Conference at the Venetian Hotel in Las Vegas, Nevada. Another piece of domain history was made during the auction when SEX.NET sold for $450,000 in the largest .net sale ever reported.

The gavel also dropped on two other blockbuster six-figure sales during the bidding in front of a standing room only crowd. A rare two-letter .com, CD.COM attracted $275,000 and a three-letter gem, POS.COM commanded $250,000. There were dozens of other sales in the five-figure range.

Veteran professional auctioneer John Berry was flown in from Florida to call the auction conducted by Monte Cahn, CEO of Moniker.com. The auction was the centerpiece of the T.R.A.F.F.I.C. WEST conference. The event attracted more than 500 Internet entrepreneurs for the largest gathering of domain investors held to date.

T.R.A.F.F.I.C. co-founders Rick Schwartz and Howard Neu introduced the event with an October, 2004, conference in Delray Beach, Florida, and over the past 18 months have added shows in Silicon Valley and Las Vegas that have attracted domain owners, venture capitalists and investment bankers from around the world.

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