ICANN’s New gTLD Auction Proceeds At About $26 Million So Far

newgtldICANN New gTLD auction proceeds are at about $26 million so far. Almost all money comes from the 2 most recent auctions that included New gTLDs such as .tech and .realty.

.Auctions are the mechanism of last resort to resolve string contention within the New gTLD Program. ICANN expects that most string contention will be resolved through other means before reaching an Auction conducted by ICANN’s authorized Auction service provider, Power Auctions LLC.

However, there is a possibility that significant funding will accrue as a result of several Auctions. Auction proceeds will be reserved and earmarked until the Board determines a plan for the appropriate use of the funds through consultation with the community. Auction proceeds are net of any Auction costs. Auction costs may include initial set-up costs, auction management fees, and escrow fees.

Below is a breakdown of Auction proceeds as of 22 October 2014.

Description Proceeds Costs Net Proceeds
Auction Development Costs
Direct Contention $ 230,000
Indirect Contention $ 120,000
Wilmington Trust Annual Fee $ 1,750
Subtotal: Auction Development Costs $ – $ 351,750 $ (351,750)
4 June 2014 Auction
Completed Auctions $ 600,000 $ 24,000
Escrow Fees $ 500
Subtotal: 4 June 2014 Auction $ 600,000 $ 24,500 $ 575,500
9 July 2014 Auction
Scheduled and Cancelled $ 10,000
Escrow Fees $ 500
Subtotal: 9 July 2014 Auction $ – $ 10,500 $ (10,500)
6 August 2014 Auction
Scheduled and Cancelled $ 20,000
Escrow Fees $ 500
Subtotal: 6 August 2014 Auction $ – $ 20,500 $ (20,500)
17 September 2014 Auction
Completed Auctions $ 14,349,776 $ 573,991
Scheduled and Cancelled $ 60,000
Escrow Fees $ 3,750
Subtotal: 17 September 2014 Auction $ 14,349,776 $ 637,741 $ 13,712,035
22 October 2014 Auction
Completed Auctions $ 12,889,463 $ 515,579
Scheduled and Cancelled $100,000
Escrow Fees $5,750
Subtotal: 22 October 2014 Auction $ 12,889,463 $ 621,329 $ 12,268,134
Current Total $ 27,839,239 $ 1,666,320 $ 26,172,919
Sold.Domains

About Konstantinos Zournas

Konstantinos studied Computer Engineering and Computer Science in London and lives in Athens, Greece. He works on domain names, websites and software development. Has been online since 1995 & domaining since 2002.

3 comments

  1. ICANN invented the goose that lays the golden eggs, no doubt. Just wondering how much of it will benefit the ‘global Internet community’ that it professes to support. I’d like to see a change in how domain name ownership is handled, with the issuing of title certificates. Just as you can’t buy a car or a house from someone else without one, electronic, secure titles should be issued when a domain is registered.

Leave a Reply

Your email address will not be published. Required fields are marked *