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gary kremen For Sale in Foreclosure Auction


In exactly one month from today, we may see a new record set for the price of a domain sale. I just received an email from a friend with a link to a notice stating that will be up for auction. The foreclosure auction will be held at the offices of Windels Marx Lane & Mittendorf, LLP, 156 West 56th Street, New York, New York on March 18, 2010 at 11 am.

In order to bid on the auction, you must come prepared with a certified bank check in the amount of $1,000,000, made payable to "Windels Marx Lane & Mittendorf, LLP, as escrow agent." The auction may be open to the public.

The auction description is as follows:

All of Borrower's interest in and to all right, title and interest in an undivided 100% interest in the internet domain name and related INERNIC registration of the URL, and 100% of all cash proceeds, accounts receivable, licensing rights and intellectual property rights directly associated with or derived from the ownership of such URL.

The tale of is actually very interesting, and a book → Read More