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.
Below is a breakdown of Auction proceeds as of 1 August 2016.
| Description |
Proceeds |
Costs |
Net Proceeds |
|---|
| Auction Development Costs |
|
|
|
| Direct Contention |
|
$ 230,000 |
|
| Indirect Contention |
|
$ 120,000 |
|
| Wilmington Trust Annual Fees |
|
$ 5,250 |
|
| Subtotal: Auction Development Costs |
$ - |
$ 355,250 |
$ (355,250) |
| 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 |
| 27 July 2016 Auction |
|
|
|
| Completed Auctions |
$ 135,000,001 |
$ 2,900,000 |
|
| Escrow Fees |
|
$ 500 |
|
| Subtotal: 27 July 2016 Auction |
$ 135,000,001 |
$ 2,900,500 |
$ 132,099,501 |
| Current Total |
$ 240,590,128 |
$ 7,134,565 |
$ 233,455,563 |
