Whenever there is a solid, valuable, generic .com in an auction, it usually comes with a big reserve. Chances are more than likely that the seller paid a lot more than reg fee and cannot risk a poor showing at an auction.
Michael does have the luxury of coming off a big sale with 345.com going for $800,000, so he could use the loss to soften the tax blow on 345.com. It is still odd to see a name of this quality being a no reserve auction.
The name is currently at $7,250 with 4 bids. What do you think the name closes at ?