Victor Pitts from Above.com shared some information about an auction the company is running with new gTLD domain names from Radix. Opening bids start at $200 and go up to $1,000. The auction features .Website, .Host, and .Press domain names.
One interesting aspect of this auction is that there is a buy it now option on all of the auctions. For people who don’t want to risk losing an auction, they can click the buy it now button to pay a higher price but avoid an auction. Buy it now prices run from $750 up to $3,000. I am unsure if a bid placed on an auction eliminates the buy it now option, but I would presume that to be the case.
Here’s some information Victor shared with me about the domain names that are included in the auction:
“The registry had these domains priced for registration at premium fees, which the same high fee due upon each renewal. Radix has converted the premium reserve price structure of these domains, so the buyer pays standard renewals on the domains after acquisition through this auction.”
At the time of publication, there don’t appear to be any bids yet. Bidders need to have an Above.com account to place a bid on any of these domain auctions. The auctions will be concluding on February 20th.