news On-line & Offline Global Domain Auction Total Amount was more than $11.3M at GDS2017

[DN.com]

Global Domain Summit (GDS) 2017 was held in the domain city Xiamen, China during 7th -9th July,2017. GDS 2017 is co-organized by Verisign, Godaddy, AliCloud, Baidu Cloud, eName and Bizcn.

On-line & Offline Global Domain Auction was arranged in the afternoon of 8th July, 2017. There were 48 domain were auctioned, the auction final total amount is ￥77,205,890 CNY, approximately $11,326,491 USD.

 

[DGMDomains]

Interesting results, thank you.

 

[wellmanneredsquirrel]

Are these winning bids binding ? Does the seller have to sell at the agreed price and does the winning bidder have to pay ?

 

[DN.com]

Not very sure in this auction, but usually buyer needs to pay Deposit in auction.

Are these winning bids binding ? Does the seller have to sell at the agreed price and does the winning bidder have to pay ?