Sign of the times: sex.com in foreclosure, to be auctioned next week

[Newsjock]

Source: Reuters

Sex.com, often touted as one of the most valuable Internet domain names, is due to head to the auction block next week.

DOM Partners LLC, a New Jersey lender that backed a 2006 purchase of the domain name for a reported $14-million (U.S.), is foreclosing on the Internet property, and is due to auction it on March 18 at New York law firm Windels Marx Lane & Mittendorf LLP, according to legal notices.

Bidding for the Internet property, the tumultuous past of which includes several lawsuits and two books, is due to start at $1-million.

Read more: http://www.theglobeandmail.com/news/technology/sexcom-domain-to-be-auctioned-off/article1494193/