New gTLD Auction Proceeds

Auctions are the mechanism of last resort to resolve string contention within the New gTLD Program. ICANN expects that most string contention will be resolved through other means before reaching an Auction conducted by ICANN's authorized Auction service provider, Power Auctions LLC. However, there is a possibility that significant funding will accrue as a result of several Auctions. Auction proceeds will be reserved and earmarked until the Board determines a plan for the appropriate use of the funds through consultation with the community. Auction proceeds are net of any Auction costs. Auction costs may include initial set-up costs, auction management fees, and escrow fees.

Information about the Auction process or Auction Results can be found on the Auctions page or Auction Results page, respectively.

Below is a breakdown of Auction proceeds as of 2 February 2016.

Description Proceeds Costs Net Proceeds
Auction Development Costs      
Direct Contention   $ 230,000  
Indirect Contention   $ 120,000  
Wilmington Trust Annual Fees   $ 3,500  
Subtotal: Auction Development Costs $ - $ 353,500 $ (353,500)
4 June 2014 Auction      
Completed Auctions $ 600,000 $ 24,000  
Escrow Fees   $ 500  
Subtotal: 4 June 2014 Auction $ 600,000 $ 24,500 $ 575,500
9 July 2014 Auction      
Scheduled and Cancelled   $ 10,000  
Escrow Fees   $ 500  
Subtotal: 9 July 2014 Auction $ - $ 10,500 $ (10,500)
6 August 2014 Auction      
Scheduled and Cancelled   $ 20,000  
Escrow Fees   $ 500  
Subtotal: 6 August 2014 Auction $ - $ 20,500 $ (20,500)
17 September 2014 Auction      
Completed Auctions $ 14,349,776 $ 573,991  
Scheduled and Cancelled   $ 60,000  
Escrow Fees   $ 3,750  
Subtotal: 17 September 2014 Auction $ 14,349,776 $ 637,741 $ 13,712,035
22 October 2014 Auction      
Completed Auctions $ 12,889,463 $ 515,579  
Scheduled and Cancelled   $ 100,000  
Escrow Fees   $ 5,750  
Subtotal: 22 October 2014 Auction $ 12,889,463 $ 621,329 $ 12,268,134
19 November 2014 Auction      
Completed Auctions $ 700,000 $ 28,000  
Scheduled and Cancelled   $ 150,000  
Escrow Fees   $ 4,250  
Subtotal: 19 November 2014 Auction $ 700,000 $ 182,250 $ 517,750
17 December 2014 Auction      
Completed Auctions $ 6,447,888 $ 257,916  
Scheduled and Cancelled   $ 90,000  
Escrow Fees   $ 3,500  
Subtotal: 17 December 2014 Auction $ 6,447,888 $ 351,416 $ 6,096,472
21 January 2015 Auction      
Scheduled and Cancelled   $ 30,000  
Escrow Fees   $ 750  
Subtotal: 21 January 2015 Auction $ - $ 30,750 $ (30,750)
25 February 2015 Auction      
Completed Auctions $ 25,001,000 $ 700,020  
Scheduled and Cancelled   $ 40,000  
Escrow Fees   $ 1,750  
Subtotal: 25 February 2015 Auction $ 25,001,000 $ 741,770 $ 24,259,230
25 March 2015 Auction      
Completed Auctions $ 1,901,000 $ 76,040  
Scheduled and Cancelled   $ 20,000  
Escrow Fees   $ 750  
Subtotal: 25 March 2015 Auction $ 1,901,000 $ 96,790 $ 1,804,210
29 April 2015 Auction      
Scheduled and Cancelled   $ 10,000  
Subtotal: 29 April 2015 Auction $ - $ 10,000 $ (10,000)
20 May 2015 Auction      
Scheduled and Cancelled   $ 10,000  
Escrow Fees   $ 500  
Subtotal: 20 May 2015 Auction $ - $ 10,500 $ (10,500)
29 July 2015 Auction      
Scheduled and Cancelled   $ 10,000  
Escrow Fees   $ 1,000  
Subtotal: 29 July 2015 Auction $ - $ 11,000 $ (11,000)
14 October 2015 Auction      
Scheduled and Cancelled   $ 10,000  
Escrow Fees   $ 500  
Subtotal: 14 October 2015 Auction $ - $ 10,500 $ (10,500)
18 November 2015 Auction      
Completed Auctions $ 2,200,000 $ 88,000  
Escrow Fees   $ 500  
Subtotal: 18 November 2015 Auction $ 2,200,000 $ 88,500 $ 2,111,500
27 January 2016 Auction      
Completed Auctions $ 41,501,000 $ 1,030,020  
Escrow Fees   $ 750  
Subtotal: 27 January 2016 Auction $ 41,501,000 $ 1,030,770 $ 40,470,230
Current Total $ 105,590,127 $ 4,232,315 $ 101,357,812