More Info About Bargain.com and ETM.com Auctions
Andrew Allemann reported that Bargain.com and ETM.com are coming up for auction, among other domain name and IP assets. The auction is being held by a company called Hilco Streambank, an intellectual property advisory firm, and the auction will be held beginning on May 20th and closing on May 22nd.
I reached out to the company to get more information about the auction, most specifically about the Bargain.com and ETM.com domain names. Here’s what the company had to say about them:
The domain Bargain.com is being sold by Velo Holdings, Inc., a reorganized chapter 11 debtor that is liquidating pursuant to a Chapter 11 Plan. Velo was a direct marketing services company and Bargain.com was one of its internet properties. Most recently it was licensed to a related company that maintained a Bargain.com ecommerce page. That license expires on May 1st and the domain will be transferred to the successful bidder. We currently have an opening bid of $150,000 and are starting bidding at $166,000 with no reserve. The assets include the single word dictionary .com domain Bargain.com and the mispelling Bargin.com.
ETM was owned by ETM Entertainment Network Inc. a start-up that pushed its technology to transform the ticketing business that went bankrupt. This domain was purchased along with other remaining estate assets by an investor and is being marketed by Hilco Streambank on their behalf. It is a valuable three letter domain comprised of all “high value” letters.
The auction will be held on Hilco Streambank’s proprietary online auction platform, HilcoIPAuctions.com. If you are interested in bidding on any of the domain names, you’ll need to sign up in advance.
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