Nominet Option 1 (b)
Nominet propose:
During a time period before the domain name is deleted, interested parties submit a private bid of the amount they are willing to pay for a given domain name. If there is more than one bid, the highest bidder wins – similar to the recent auction system introduced in .ee ccTLD. The winning bidder is liable to pay the amount they bid. If only one party submits a bid, then the domain will be theirs for the normal price of registration.
Page 16 – Nominet Consulation
Current concerns over this proposal
- This method basically requires the bidder to submit as much as they can afford
- This method maximises the profit Nominet can make on expired domains
- Auctions will be run privately and even the sealed bids will be private
- Estonia is the only ccTLD to run such a system auction.internet.ee