Should They Really Auction Off Wealth.com?
June 15, 1 Comment - Author: Simon JohnsonI was reading this article around TheInternetCompany, selling the domain name ‘wealth.com’ at a private auction run by Sedo. They want 2.9M and the VP was quoted as saying “we believe that now is the right time to monetize this asset and that an auction, rather than a traditional sale, is the best strategy“.
For the record, I disagree that “now is the right time”. Of course, I don’t know if there are financial issues/reasons behind the sale. However, if there were no issues, I’d hold onto it given the environment.
For those people who are “strapped for cash” and need to sell, feel free to get in contact and I’ll take those little gems off your hands. 
In a strange coincidence…. while typing this post I was sent a portfolio of 400+ domains looking for a new home.
What do you think about wealth.com? Should they auction it off?
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At that price, it is not an auction. It is a “Buy it Now” price.