Domain Auction
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A domain auction is a competitive bidding process for purchasing registered domain names. Auctions can be for expiring domains, aftermarket listings, or premium domains. Major platforms include GoDaddy Auctions, SnapNames, and NameJet.
Example
When a valuable .com domain expires, multiple bidders compete in a drop-catching auction, with prices sometimes reaching six figures.
Referenced in Guides
Domain Business & Investing