Cold.com to be Auctioned off for a Cool Million?

Cold.com will be auctioned in late November with a minimum acceptable bid of US$1 million, announced Patent Kinetics, LLC, an intellectual property strategy, evaluation, and brokerage company.

“We anticipate exceptionally strong interest in Cold.com,” said Bob Weber, Managing Director, Patent Kinetics, LLC. “Marketing, advertising, brand management, public relations professionals, and other executives should carefully evaluate how the unique Cold.com domain name and web presence could figure prominently in their efforts to extend brand equity by leveraging consumers’ brand and product associations with the word ‘cold’.”

If you want to bid here are the details:

Sealed bids must be received no later than 5 p.m., Eastern Standard Time, Friday, November 14, 2008. The minimum acceptable bid is US$1 million. The sale to the highest bidder is expected to close in early December.

Documents detailing the sealed bid auction process, auction rules, and related terms and conditions are available on the Web at http://www.cold.com and at http://www.patentkinetics.com. Documents for bidders include: the Cold.com Sealed Bid Auction FAQ, the Cold.com Bidder Agreement and Rules, the Cold.com Sealed Bid Submission Form, and the Cold.com Purchase and Sales Agreement.

I personally think the domain is overpriced at $1M.

I Think its a domain that would sell between $100K-$300K at a live Moniker TRAFFIC auction.

Of course I hope they sell it for $5M as it will only help all domain valuation if such a lofty goal can be achieved.