The members of Canadian band The Tea Party have decided they will sell their domain name – theteaparty.com.
Last month, reports emerged suggesting the 90s’ rockers may cash in on the domain name, following the rise of the Tea Party political movement in the US.
The band were said to be unhappy with connections made between them and right wing conservatism, and claimed that the Tea Party campaign has damaged their brand.
According to latest reports, The Tea Party will now sell their domain name – which was originally registered in 1993 – at auction.
Reports suggest the online real estate could fetch up to $1 million on the open market, with the 2012 presidential election looming.
“We were floored by the worldwide press and interest in our domain name teaparty.com that soon followed the initial story in BusinessWeek,” said Stuart Chatwood, the band’s bass player.
“After being overwhelmed by the multiple offers that were arriving daily, we thought it was prudent to seek out the best brokerage to help represent the band.”