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Old 23rd March 2007, 06:04 PM
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DNLocal Announces Elite Auction

We are pleased to finally be able to give you a definitive date to put in your diaries.

The first of our Elite Auctions will run from the 7th May 2007. Subsequent Elite Auctions will be held monthly on the first Monday of every Month, unless advised otherwise.

This initial offering is aimed at the top end of the market. It will require Qualification of Buyers and Accredited Translation of domains. There will be a minimum Reserve initially set at US$500, but this requirement will rise in line with market forces. Pricing and Lists of Accredited Translators will be confirmed shortly.

For the first Auction, we will shall be accepting only 50 names, in addition to a selection from the Team members. These names will be taken on a first come first served basis, with subsequent names being rolled over into the next Auction, along with any that have outstanding Translations. It is hoped that depending on the robustness of our systems and the satisfaction levels of our Clients, we will be able to go for more extensive listings in subsequent events.

We expect in the coming months to provide one or more separate offering that will cater for good, but not exceptional terms as the market develops. Such Auctions will have less onerous qualification requirements. The owners will be able to provide their own translations, buyers will not be qualified and lower reserves will be accepted.
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