Reglikedomain industry desk

With a Twist: DomainConvergence to Host Auction

With a Twist: DomainConvergence to Host Auction

Conference will include auction managed by Fusu.

DomainConvergence, a fresh domain conference coming to Canada October 6-8, will include a live and online domain name auction managed by Fusu.

So what’s the twist? People selling domains in the auction will have to pay 1% of the reserve price up front. The goal is to encourage low reserves.

I’m a big fan of this market-based approach to ensuring high quality domains are submitted at reasonable reserves. It works best at tried-and-true auctions (such as Moniker’s TRAFFIC auctions), but it’s good to see someone pushing the envelope.

Fusu will charge a 15% fee to the seller and will have an exclusivity period for 30 days. Domain name owners can submit their domains via email to [email protected] until October 4th, 2008 and submissions ought to include their reserve price as well as their postal address and phone number.

Frank Michlick, a familiar face in the domain circle and writer for Domain Name News, is spearheading DomainConvergence. The event will take place in Niagara Falls, Canada. The closest airport when traveling from the U.S. is Buffalo. People traveling through Canada can fly into Hamilton Airport or Toronto Pearson Airport.

[Reglike readers can get a $100 discount to the event. Enter discount code “domainnamewire” when registering.]

Also on the wire

Other reporting from the domain desk.

SDomain SalesSales drop in Q4, $6.3 million for the year — Marchex domainEnd user domain sales up to £99,000 — Thanksgiving weekDomain SalesEnd user domain sales up to £99,000 — Thanksgiving weekVC changes name to Upfront with the help of two domain name firmsDomain SalesVC changes name to Upfront with the help of two domain name firmsUser domain buyers tell their stories — 3 endDomain SalesUser domain buyers tell their stories — 3 endEnd user sales at Sedo — More recentDomain SalesEnd user sales at Sedo — More recentMarket 300k+ DomainSponsor domain names — Igloo toDomain SalesMarket 300k+ DomainSponsor domain names — Igloo toMDomain SalesMakes sense to sell a domain name you actually use — When itName sells for $200,000 — Shop.app domainDomain SalesName sells for $200,000 — Shop.app domainSDomain SalesSells $30,000 in Domains — DomainTools Auction