Domains are available individually in last-ditch effort to repay some of the money lost.
The final effort to liquidate domains related to the failed The Income Store business is proving somewhat fruitful.
Over 2,500 websites and domain names are being offered for sale in the auction that ends October 27. The assets were part of The Income Store, a business that promised investors it would build income-generating websites for them. The federal government says it was a Ponzi scheme and shut the business down.
Now it’s trying to generate a bit of cash for those that lost money.
A receiver attempted to sell all of the remaining assets in an auction with a starting bid of $2.5 million. When that didn’t turn up any bidders, the receiver tried divvying the assets up into 40 lots. Only the physical asset lot sold.
Now, each of the domains is available in individual lots starting at $500. 50 have eligible bids as of Monday afternoon. While none of the domains are premium, some savvy developers could build off of the work already done on some of the sites to get a quick ROI.
Right of the Dot is managing the auction.