Deposit Necessary for Hilco Streambank Auction
I assume you already know about the Hilco Streambank domain name and IP auction that is happening in a little over a week. I wrote about the Bargain.com and ETM.com auctions in a blog post last month, and the company shared a press release yesterday announcing the addition of the auction for the Tweeter.com domain name, a remnant of the once popular music store called Tweeter.
If you aren’t familiar with the Hilco Streambank auction and you want to bid on one or more of the lots, now is a good time to familiarize yourself with the HilcoIPauctions.com auction platform and rules. Probably most importantly for you to know at this point is that a refundable cash deposit is required in order to bid on the auctions. You’ll want to make arrangements with the company to wire your deposit in advance to ensure your deposit is made on time.
The company is likely requiring a deposit for a few reasons. First, it will deter shill bidders from participating. Second, it will serve as a downpayment for the winning bidder. Finally, it will be a bit of insurance in case the winning bidder fails to pay.
I have not used the Hilco Streambank auction platform before, but I assume it works in a way that is similar to standard auction platforms. If you are planning to bid, it would make sense to ask any questions in advance. Perhaps you’d prefer to bid over the phone, and those details should be discussed well in advance.
I still think Bargain.com, ETM.com, and now Tweeter.com are by far the best domain name assets in the auction.
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