It was interesting to see an art website cover the goings on at a domain auction. I am sure the primary interest came about as Arts.org is being auctioned off. There was also the mention of cybersquatting and it was refreshing that the author Sarah Cascone knew the difference.
As new a terrain as it is, interested buyers of domain names are already being accused of cybersquatting, or registering a useful URL with no intention of developing a website. Instead, the plan is to sell it for a major profit (this is only illegal when registered trademarks are involved). Hmm… Sounds like the domain-name equivalent of art flipping to us. Which begs the question: who will become the Stefan Simchowitz of domain names (see Christopher Glazek Annotates his NYT Stefan Simchowitz Story)?
Read the full article on ArtNet.com