BigBangNames.com is auctioning off what they are calling “a $1 million e-commerce site for only $1,000”

According to the press release, Payhalf.com is an online consumer electronics retailer that invested over $2.5 million before it ran out of cash. The sale includes the high value domain name portfolio, appraised as high as $500,000, and Payhalf.com, technology and key-supplier of information.

“We bought all the matching domains in the UK, China, Brazil. Our plans were to grow the brand worldwide,” says James Cook, former CEO of Payhalf.com. “Last month, Moniker.com a leading domain name auction site, listed ‘Pay.com’ at auction for $2.2 million.”

The auction for PayHalf.com is closing on Tuesday July 22, 2008 at 12 p.m.

For more information visit BigBangNames.com.