domainname Auction.com: Sold for $2.5 Million?

There are reports circulating on Twitter that Auction.com domain name may have sold for $2.5 million.

A quick analysis of the current whois record and the whois record from 2-days ago reveals that the domain name is indeed under new management.

An entirely new website also seems to be up with the domain redirecting to REDC,  a company that specializes in foreclosure auctions.  Until now, they have been using USHomeAuction.com.

We will try to obtain confirmation on this transaction.  Either way, it looks like a lot of cash has changed hands.

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