Real estate domain-name auction fizzles

An auction of 2,600 real estate related Web site domain names was called off before it could begin Thursday, after auctioneers determined that the few bidders who showed up weren't prepared to open bidding at the reserve price.

"They knew from the bidders in the room, they wouldn't start at the reserve, and that's where they decided to move to the next step" -- private negotiations, said Craig Harrison, the Colorado-based real estate broker who registered the domains over 10 years.

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