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"REDC the company that bought the domain auction.com for just $1.7 million earlier this year, announced that they just completed an online nationwide foreclosed property sale, using the domain auction.com.

The sale generated $31.7 Million in sales.

The online auction using auction.com, offered 770 assets in 45 states and saw traffic from thousands of online bidders from August 3 through August 23.

The properties auctioned ranged from million-dollar mansions to smaller single-family houses.

“This was our most aggressive foray into auctions on a national level, and it was a tremendous success,” said REDC/Auction.com CEO Jeff Frieden.

The next monthly auction, to be held from September 21 through September 26, will feature foreclosures in more than 40 states.

Makes that $1.7 million paid for the domain looks pretty cheap, doesn’t it?"

Auction.com Rings Up $32 Million In Sales | The Domains