The November 22nd auction in London of 303 Internet Domain Names (IJ Nov. 13) failed to produce a buyer, as bids fell below the £ 1 million ($1.4 million) minimum reserve price.
Nevertheless bidding on the three sets of 101 names, all ending in “Insuring” dot com, dot net, or dot co.uk, went up to £730,000 ($1.02 million), showing substantial interest in them.
The owner, Transglobal Sales, still wishes to sell the Domain Names, but for a higher price than the auction bid. The most plausible candidate would seem to be Dutch financial services giant ING, as they’re already part of the name.
Was this article valuable?
Here are more articles you may enjoy.
Georgia Teacher Killed When Toilet Paper Prank by Students Goes Wrong 
US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow 
Kyle Busch and Wife Settle Lawsuit With Pacific Life and Insurance Agent 
Stryker Remains Offline After Cyberattack Linked to Iran Group 
