Same broker that handled 1999 WallStreet.com sale will auction Malibu.com.
Malibu.com will be auctioned off on December 5 with a starting bid of $250,000 and no reserve. There’s a standing offer of $250,000 and a $25,000 bidding increment, so the domain will cost at least $275,000 if you want to buy it.
Millitzer Capital, which auctioned off WallStreet.com for $1.03 million in 1999, is handling the auction. Details are at Malibu.com.
There are a couple of things about this domain auction that are notable.
First, Malibu is more than a city. It’s also a brand including the popular rum brand.
Second, there’s no reserve, so the domain will sell next month for at least $250,000 assuming that the standing offer goes through. Even at $250,000 it will be a notable sale.
Pleas enlightne me. Could not a new oowner (Buyer) of the domain be at risk of a UDRP when ownership changes to them ?
sorry about typos.
It depends what they do with it. If they use it to refer to the geographic Malibu they are fine. If they promote rum, they aren’t.
True, funny how they mention the rum though, risk I wouldn’t take.
Ever heard of my first car; Chevelle Malibu 1964? I know: I’m that old. 🙁
There are approximately 2000 trademarks with “Malibu” in them for many many different goods & services https://www.tmdn.org/tmview/welcome
And most recent APPLICATION in the World is MALIBU GOLD(tm) in USA
Unlikely to get bids above the 250k. The seller is probably taking a big risk if the person offering 250k is genuine. Will they go ahead if nobody else bids?
MALIBU is getting on fire … but in the wrong sense: http://fortune.com/2018/11/09/california-wildfires-woolsey-fire-malibu-evacuation/
Price, low.