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March 19, 2010 2:50 p.m. EST
Topics: science and technology, computing and information technology, offbeat, economy, business and finance, human interest, technology, curiosity, networking, United States
Hansen Sinclair - AHN News Reporter
New York, NY, United States (AHN) - A New York auctioneer announced Thursday the auction of sex.com, one of the most coveted domain names on the Internet, will be postponed.
Auctioneer David R. Maltz & Co. Inc., posted the announcement on the Web site, but did not specify a reason for the postponement or when the auction will occur, reports stated. Bidding was scheduled for Thursday, starting at $1 million.
Auctioneer Richard Maltz said the company wanted to attract more buyers for the domain name, which is owned by DOM Partners, a New Jersey lender, according to reports.
Maltz is concerned about the number of bidders, and whether auction participants will have the funds to purchase the name if they won.
DOM partners took possession of the domain name when Escom-a pornography site operator-could not make loan payments on the $14 million they borrowed to purchase the site, reports stated.
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