Sedo's First Live Auction with GreatDomains a Huge Global Success

August 2, 2007; 04:12 AM

On July 26, 2007, GreatDomains closed its first live auction powered by Sedo. Bidders from 29 countries participated in the auction, which featured premium .COM and .NET domains being sold by members from around the world. At the close of the auction 14 domains were sold to nine new owners from the United States, Switzerland, the Netherlands, Greece, and Hong Kong. Overall, 160 people placed 1,100 bids on top-quality domains.

Participating in the auction was chinese.net, which closed at $180,000. Chinese.com was recently purchased over the Sedo marketplace for $1.1 million. Other notable auctions were supernatural.com, which closed at $125,000 and debit.com, coming in at $100,000. The total dollar amount of the auction neared the $1 million mark, thanks in part to other domains such as subscription.com ($74,000) and territory.com ($27,100).

Sedo acquired GreatDomains, the online platform for buying and selling premium domain names in June 2007. This was the first of a series of live premium domain auctions to be run on GreatDomains.com. GreatDomains will feature another 7-day auction event beginning August 16, 2007, with gymnasiums.com and other one-word premium domains up for bidding.

About Sedo

Sedo, an acronym for "Search Engine for Domain Offers," is the leading online marketplace where users buy and sell domain names and websites. Headquartered in Cambridge, Mass., Sedo has assembled the world's largest database of domain names, with more than eight million listed for sale by their owners. The success of Sedo's model has attracted a global membership base of more than 500,000 domain professionals. Sedo is majority-owned by AdLINK Group (ISIN DE0005490155 / German WKN: 549015), which is part of the German United Internet AG (ISIN DE0005089031/ WKN 508903). Sedo offers regional versions of its site for the UK (Sedo.co.uk), France (Sedo.fr), Germany (Sedo.de), and Spain (Sedo.com). For additional information, please visit www.sedo.com.