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ICANN: 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 22 October 2014.
| Description |
Proceeds |
Costs |
Net Proceeds |
| Auction Development Costs |
|
|
|
| Direct Contention |
|
$ 230,000 |
|
| Indirect Contention |
|
$ 120,000 |
|
| Wilmington Trust Annual Fee |
|
$ 1,750 |
|
| Subtotal: Auction Development Costs |
$ – |
$ 351,750 |
$ (351,750) |
| 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 |
| Current Total |
$ 27,839,239 |
$ 1,666,320 |
$ 26,172,919 |
This ICANN announcement was sourced from:
http://newgtlds.icann.org/en/applicants/auctions/proceeds
