SnapNames, the source of expired and deleting domain names, today announced that it has expanded its secondary domain name marketplace reach by launching a new Public Auctions service.

The company says that the new service — designed to let domain name investors profit from value-priced names — will accommodate thousands of names added each day at the company’s website. Service features include: lower minimum bids—some names will start at $9, capability for the customer to join an in-progress auction at any time. As with SnapNames’ existing Private Auction service for premium domain names, names with only one bidder will be sold for the minimum bid amount. Multiple bidders will compete for the name during a short auction; the winning bidder will be awarded the name.

“In addition to the premium names we make available every day, our customers are interested in access to value-priced domains,” said SnapNames Chairman and CEO, Sudhir Bhagwan. “SnapNames Public Auctions will be the best place on the Internet to find good domain name assets for investors and end-users at all levels.”

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Posted: 08|19|06 at 7:54 am. Filed under: US Auction News.