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TheDomains.com

Penn State Lets PennState.com Expire & The Domain Is In Auction W/ $4,583 Min Bid

January 12, 2014 by Michael Berkens

PSUindex

Penn State which certainly has had one of the biggest scandals in the United States over the last few years leading to criminal charges, the resignation of the President of the University and the legendary football coach Joe Paterno, has now let the domain name PennState.com expire.

The domain name PennState.com is registered to Penn State formally known as the The Pennsylvania State University.

The University has owned the domain since at least 2001 according to DomainTools.com

The University let the domain name expired on December 26th, 2013 according to the whois record of its registrar Network Solutions

The domain PennState.com is currently in Pending Renewal or Deletion status and is the site is not resolving.

PennState.com is currently listed on the domain name auction site NameJet.com, with a minimum bid of $4,583.00.

I’m not sure where the Minimum bid amount came from as this is a drop domain, not a domain name being offered for sale by the owner.

It would seem the minimum price must have come from Network Solutions, the registrar of the domain.

Network Solutions is owned by Web.com (WWWW) which also owns 50% of the auction site Namejet.com where the domain is being auctioned off in pre-release status.

PennState.com still can renew the domain name in which case the auction would be cancelled.

The backorder period to join the auction ends in 17 days.

I would not recommend that anyone in the domain investor space bid on the domain as its has a high risk of being taken in a UDRP or other legal proceeding.

Not sure why the registrar or namejet.com should be allowed to set a price on this domain, especially one like $4,583.00

The official site of the The Pennsylvania State University is PSU.edu

Filed Under: Domain Industry, Domain Registrars, Publicly Traded Domain Co

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

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Comments

  1. Brad Mugford says

    January 12, 2014 at 9:37 pm

    Network Solutions and Register.com arbitrarily set higher minimum bids on some expired domains @ NJ, generally the higher quality ones.

    They are not letting the fair market decide, they are deciding the minimum price they will accept to sell a domain that has expired.

    If the domain does not reach the minimum it normally ends up getting renewed and being transferred to a shady holding company tied to them.

    There have also been cases where expired domains @ Network Solutions never even made it to NameJet. You can look at the case with Medicaid.com. It expired and instead it was sold by Network Solutions directly to a buyer outside the normal process.

    Brad

  2. JohnnyNames says

    January 12, 2014 at 10:08 pm

    Fumblerooski !

  3. Chris Thurman says

    January 12, 2014 at 10:10 pm

    Do you consider this a slam dunk UDRP? Lots of college .coms are owned/used by individuals:

    OregonDucks.com has an Amazon a-store on it
    Uconn.com owned by someone in Korea
    Clemson.com parked with ads and for sale banner
    CrimsonTide.com has a WordPress site up on it

    Are public universities considered public domain like politicians?


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