If an auction occurs, expect to put your money where your mouth is.
We might never see an auction for Sex.com. But if we do, expect to put up a significant deposit if you wish to bid.
Court documents show that the bankruptcy sales procedure for Sex.com will include three phases.
In the first phase domain broker Sedo will do a worldwide outreach and prequalification of interested parties. The second phase is a negotiation period with qualified parties. The third phase will include further negotiation and, if necessary, a private auction.
This “private sale period” is 90 days long. If it doesn’t result in a sale at a minimum specified price, Sedo will hold a public auction within 30 days of the end of the private sale period.
If a public auction is held, each bidder will need to meet a number of financial requirements and must make a $1 million deposit.
Sedo and the debtors aren’t disclosing what the minimum sales price must be for obvious reasons. That information, along with Sedo’s sales commission, is redacted from court documents.
If you’ve been sitting on the fence about buying the domain (and I know many of my readers have been looking for coins between the couch cushions to come up with some spare cash to buy the domain), you should probably get in touch with Sedo during the private sales period rather than waiting for a public auction.
John Berryhill says
Getting the money up front is always important when one is selling sex.
The Devil says
You also have to get consent if you want to buy sex.
Alex L says
Berryhill only weighs in when speaking from great experience.
It would be great if someone with bought sex.com and turned it into an all-encompassing sex education site including STD info and safe-sex info, along with the advantages of complete abstinence until marriage. Wouldn’t that be something?
M. Menius says
@TeddyK – “It would be great if someone with bought sex.com and turned it into an all-encompassing sex education site including STD info and safe-sex info, along with the advantages of complete abstinence until marriage. Wouldn’t that be something?
That would be a beneficial use, but would not generate enough revenue to cover acquisition cost! Probably a govt funded organization would have to go this route. Meaning taxpayers would be buying the domain in the end. 🙂
John Berryhill says
“the advantages of complete abstinence until marriage”
Hmmm… leaving aside the question of what is “complete abstinence” opposed to plain old ordinary “abstinence”, that would seem to be dificult for couples who live in places where they cannot legally marry.
What are the “advantages” ? If its one’s religious belief, I respect that but what is the advantage ?
I think they should make it into another porn tube site with free content, but all the proceeds go to aids research or a sexual related cause like that.
This will sell in the private sale period.
Charles Carreon says
It sounds like the process has been rationalized by the bankruptcy process. Now if we could just allow homeowners to reduce their home mortgages through the same mechanism, we might be able to re-engage the housing market.