Sunday, March 21, 2010

Our Process is Personal. It’s not a tagline.

Colorado Springs, CO

March, 2010

That's right, it's not a tag line. It's a way of doing business. It means that we get to know you before we ever sign a contract with you.

As a seller, you come to an auctioneer to help you solve a problem. If you're calling us, it's because you think we can help solve that problem.

There's a good chance we can. There's a possibility that we can't.

Either way, we'll get to know you, get to understand your problem, and we'll determine if we can help you.

If we can solve your problem, we'll lay out our plan and show you how. 
If you like what you see, you'll hire us.

If we can't solve your problem, we'll tell you. We'll point you in the right direction. That means we won't likely get your business. And that's ok.

We'd rather you said "no thanks" than to do a job that fails to meet your expectations. We'd rather say it ourselves than take a job that will end poorly.

On the other hand, once we sit down and decide collectively that we are the right fit, then we know we'll do a good job for you. And you'll know it too.

So, before you sign a contract with us, or any other auctioneer, ask yourself this question: "Will this auctioneer help me SOLVE MY PROBLEM?". If the answer is yes, then sign. If not, then call someone else.

We're hoping that there's a good fit between your needs and our skills. If so, we're thrilled. If not, then thanks for talking to us. We sure do appreciate your time.

Wednesday, March 10, 2010

Clearly, Sex Sells… Now it sells at Auction!

Lender putting domain on auction block

This article is from Reuters and was forwarded to us by a friend.



Mon Mar 8, 2010 7:20pm EST

(Reuters) -, 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, 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.

The auctions of simple domain names are seen as rare opportunities for Internet entrepreneurs.

An auction for the domain name in 2008 attracted bids above $2.5 million.

But if it is true that sex sells, may be the most valuable domain name in the world. At one point, the website was making at least $15,000 per day, according to a 2008 book, The Chronicles, by attorney Charles Carreon who has represented a former owner of the site.

In January 2006, Escom LLC acquired the domain name from Gary Kremen, founder of dating website and chief executive of Grant Media. Kremen registered the domain name in 1994.

A press statement announcing the 2006 sale said it was "believed to be among the most significant domain sale transactions in history." Terms of that deal were not disclosed, but it has since been reported that the deal was worth about $14 million.

DOM Partners' loan to Escom for the deal has been in default for over a year.

"The loan was in default and DOM partners is foreclosing pursuant to its right under the security agreement," DOM's attorney Scott Matthews said.

Attempts to reach Escom and for comment were not immediately successful.

But Richard Maltz, an auctioneer at Maltz Auctions who is running the sale, said on Monday there was considerable interest in it.

"We don't know who's serious and who's not, but prospective bidders need a $1 million certified check. It should be interesting."

Maltz said his firm was arranging for potential buyers to also be able to bid online.

(Reporting by Emily Chasan)