Bird.com and Fish.com sales fall through.
The big buyer in February’s Right of the Dot domain name auction has failed to pay.
One person bid $4.85 million on three domains: $2.5 million for Bird.com, $1.6 million for Fish.com, and $750,000 for Tattoo.com. According to a lawsuit (pdf), the bidder never paid.
Right of the Dot and Bolten Properties (owner of the domains) have sued David Lizmi, who the Plaintiffs say is the deadbeat bidder. The lawsuit involves only Bird.com and Fish.com, the two domains that Bolten sold. Monte Cahn previously said that he sold Tattoo.com to another buyer.
In the lawsuit, the plaintiffs allege that Lizmi told him his “backers sidelined me after the auction and left me holding the bag.” It states that Right of the Dot owner Monte Cahn tried to help Lizmi set up financing and to work with his backers, but Lizmi eventually stopped responding.
Right of the Dot says its commission of the failed auction items was $1.2 million.
The case was filed in circuit court in Broward County, Florida on April 21. Howard Neu and Stevan Lieberman are representing the plaintiffs.
[Update: John Berryhill noted that Lizmi was also a seller in the auction, netting $57,500. Right of the Dot wants to place that with the court pending the outcome of the case. So it has a leg up on collecting something from Lizmi for the failed purchases.]