Sedo’s brokering of the sale of sex.com via a private-broker deal ends on 28 September in what could become the largest ever sale of a domain name.
The sale came about due to financial problems of the previous owner, Escom, who is now facing bankruptcy proceedings. It was last sold for $14 million four years ago, and has been the subject of several court cases and disputes over ownership between Gary Kreman who purchased the domain name in 1994 and an alleged scammer Stephen Cohen. The dispute has been outlined in a book by Kieren McCarthy called The Brutal Battle for Sex.com.
The sale by private broker is anticipated to raise more money than if it was sold via auction as it gives potential buyers of the domain name time to arrange the finance.
For details on the sale of sex.com, see: