[kictanet] The price for New gTLD going forward has been set....

[Philip Adar]

*Sent:* Friday, September 19, 2014 2:26 AM

*Subject:* ICANN News Alert -- Results Available for 17 September 2014 New
gTLD Program Auction



[image: ICANN] <http://www.icann.org/>
News Alert

https://www.icann.org/news/announcement-2014-09-18-en
------------------------------
Results Available for 17 September 2014 New gTLD Program Auction

18 September 2014

On 17 September 2014, an Auction conducted by ICANN's authorized Auction
service provider, Power Auctions LLC <http://www.powerauctions.com/>, was
held to resolve string contention sets for three new generic Top-level
Domain (gTLD) strings; BUY, TECH, and VIP. String contention occurs when
more than one applicant has applied for the same or a confusingly similar
gTLD. The applicants for these strings were unable to resolve the
contention sets among themselves, and thus proceeded to an auction, which
is the method of last resort to resolve string contention sets as
prescribed in Module 4 of the Applicant Guidebook. Subject to payment of
the Winning Price and meeting all other criteria for eligibility, the
winner will begin the contracting process to sign a Registry Agreement to
operate the respective gTLD.

*Four applicants for BUY participated in the Auction. Amazon EU S.à r.l.
prevailed in the Auction with the winning price of $4,588,888.*

*Six applicants for TECH participated in the Auction. Dot Tech LLC
prevailed in the Auction with the winning price of $6,760,000.*

*Five applicants for VIP participated in the Auction. Top Level Domain
Holdings prevailed in the Auction with the winning price of $3,000,888.*

Akram Atallah, President of ICANN's Global Domains Division noted "The
proceeds from these Auctions will be separated and reserved until the Board
determines a plan for the appropriate use of the funds through consultation
with the community. We continue to encourage parties to reach agreements
amongst themselves to resolve contention."

Additional bidding information is available in the Auction Reports which
can be found on Auction Results page
<https://gtldresult.icann.org/application-result/applicationstatus/auctionresults>within
the New gTLD Microsite.

Subsequent auctions are scheduled
<http://newgtlds.icann.org/en/applicants/auctions/schedule-11sep14-en.pdf>
[PDF,
250 KB] to occur on a monthly basis throughout 2014 and into early 2015.
The auction events are intended to resolve multiple contention sets
simultaneously.

For information about ICANN Auctions please see the Auctions landing page
<http://newgtlds.icann.org/en/applicants/auctions> on the New gTLD
Microsite.



-- 
Regards

Philip Adar
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