An Internet entrepreneur has auctioned off his waterfront home for one-point-two million dollars on the online auction site eBay.Dan Whaley, who founded one of the first Internet-based travel agency, sold his three-bedroom house in San Mateo after a 10-day bidding period ended Wednesday.He calls the sale an “experiment” and says he wanted to see if he could use the Internet to sell his home quickly.The home sits on a lagoon and includes a koi pond, tiled pool and dock with hydraulic boat lift. It started with an initial asking price of 99 cents and received 152 bids.He plans to donate what would have been an agent’s commission on the sale to an Oakland nonprofit that works to bring better education to youth in the juvenile justice system.

Posted: 10|9|05 at 2:27 pm. Filed under: US News.