The GreatDomains Premium Domain Auction Event which has been covered on Internetuals is now in the home straight with just over 24 hours remaining until the scheduled closure time of the auctions. Of the top 18 highest bid domains only 4 have met the set reserve prices and although bidding activity has increased, if the current trend continues many domain names will close without the reserve prices being met including RSS.com which is currently at $22,000 USD and mag.com at $16,000 USD. Lower down the list, the quality of domains is low with a number of lll.nets currently at mid $xxx and the one word .com domain storming.com stands out at the current bid price of $366 with the reserve met. Tomorrow will reveal a lot about the domain industry and the inpact the state of the global economy has on it as the GreatDomains/Sedo domain auctions are usually a success with little unsold domains.

To see a full list of the current bids click here.