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entertainment Updated: Mar 11, 2010 02:10 IST

, one of the most valuable Internet domain names, will go up for auction on March 18 in New York after the previous owner defaulted on its debts.

Escom LLC paid a reported $14 million for the website in 2006. Bidders are required to appear with a certified cheque for $1 million to participate.

generated $15,000 a day in revenue at one point, according to Charles Carreon, author of

The Chronicles