Sale is a sealed-bid auction, in which each potential buyer is blind to what others offer, but is expected to get $300,000 or more

What is democracy worth? Later this month a broadly philosophical question will be put to a material test.

On 25 October at 5pm, the web domain democracy.com goes up for auction. The site is currently administered by veteran social activist Talmage Cooley. The advertised price, according to Heritage Auctions, is $300,000 or higher.

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Read More Who will be the new owner of democracy.com? Domain to go on sale

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