TELEGRAPH.CO.UK – Mar 10 - Sex.com is up for auction with bidding starting at $1M. The
website name was last bought in 2006 for a reported record $14M backed
by DOM Partners LLC. Sex.com's record title has been broken by
Insure.com, which sold for $16M last year. But the lender is now
foreclosing the Internet property after the owner Escom failed to pay
its loan. It was originally purchased by Gary Kremen, the entrepreneur
who founded Match.com in 1994. Two years later, through a scam, the
ownership was transferred to Stephen Cohen, resulting in a five-year
legal battle over ownership. A Californian judge awarded $65 million in
damages to Mr Kremen and returned him the rights to sex.com. He put the site on the market in 2006, and Escom reportedly paid $14M. FULL ARTICLE @ TELEGRAPH.CO.UK
