News

Still at it. GoldenPalace.com

by Noelle Weaver
Thursday, March 31, 2005. 07:56AM
397 Views 7 Comments

“When eBay-happy Internet casino GoldenPalace.com saw the header "RIGHTS TO NAME ME! LEGALLY CHANGE MY FULL NAME FOREVER! RARE, LIFETIME ADVERTISING IDEA 4 YOUR COMPANY/WEBSITE!" on a Knoxville woman's eBay auction page, it was an offer they couldn't refuse. As a result of the one-of-a-kind auction, the seller formerly known as Terri Ilagan, will now be paid $15,199 to legally change her name to GoldenPalace.com. The 33-year-old mother of five was inspired to auction off her identity to the highest bidder after seeing GoldenPalace.com spend outrageous sums of money on such items as the Virgin Mary Grilled Cheese Sandwich ($28,000), the Ghost Cane ($65,000), one silicon breast implant belonging to a former Playboy Cover Girl ($16,766), a pretzel shaped in the image of the Madonna and Child ($10,600), and dozens more outlandish auctions. "I was driving one day and I told my husband, I don't think anyone's tried to sell their name on eBay yet. So I put it up for auction and I got all kind of responses within 24 hours of it being listed," says Terri Ilagan. As GoldenPalace.com, Terri is sure to have some interesting incidents in store for her in the future. Airport security, police, and other authorities will probably not be very amused when they see her new passport, driver's license, and other identification. She welcomes any inconvenience and possible ridicule however, as the $15,199 will go a long way to help raising her five children. ‘This is a new step in edgy marketing,’ says GoldenPalace.com CEO Richard Rowe. ‘We know that this will receive widespread media attention. We also hope that the money spent will go a long way in helping GoldenPalace.com's family. Anyone that has kids knows the enormous expense that it requires to provide for them. We are happy to help GoldenPalace.com make ends meet.’”

So what GoldenPalace.com does at this stage isn’t really surprising to anyone and I'm sure a lot of us believe that as some point people will stop paying attention. What IS interesting about this story is that there was a consumer out there smart enough to understand GoldenPalace’s tactics and get them to buy into it…for a mere $15,199.

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Friday, April 1, 2005. 10:35AM by chris young
WOW what a deal! 15K certainly got Goldenpalace the exposure they are after. Google News lists approximately 96 news outlets carrying the story. IMHO Print,Web,Radio and TV stories that get a brand like GoldenPalace.com out there are indeed the best bang for their marketing dollar. They really don't care what market segment they hit...they just want your money. No agency campaign would be able to hit as many people as them. As far as investor confidence etc...private company, private money...they keep doing it so obviously the shareholders are happy:)
Friday, April 1, 2005. 06:58AM by Kim S
15K ain't hardly enough dough to raise 5 kiddin's... I think she' jipped herself... dont'you have to have a "start" bid on Ebay - she should have gone higher... kind of foolish all this stuff - doesn't do anything to add meaning or value to Golden Palace's brand - which means in the long run they'll probably suffer somehow...
Thursday, March 31, 2005. 12:05PM by Kevin Glennon
So, her kids Johnny and Sally Ilagan now become Johnny and Sally.com, or Johnny and Sally Palace.com? And, for that matter, if their names are already hyphenated (Johnny Illagan-Smith), so they now become rather interesting punctuated names? (Johnny.com-Smith)
Thursday, March 31, 2005. 11:51AM by Piers Fawkes
love it!
Thursday, March 31, 2005. 11:47AM by Jon Adler
Heck, she could have sold her identity to some hacker someplace for a lot more. Golden Palace is on marketing steroids; they're going to have to keep pumping it up to top themselves. If someone wanted me to invest in a company spending marketing dollars like that, I'd tell them I'd rather buy the assets after the implosion.
Thursday, March 31, 2005. 11:06AM by Liam Strain
I personally would be insulted that a grilled cheese sandwich went for more than lifetime naming rights to me as an individual. Although I suppose there is an aspect of publicity control with the sandwich... what if Mrs. GoldenPalace.com turns out to be a serial killer... or drops off the face of the earth...
Thursday, March 31, 2005. 10:23AM by Alexis Adauto Ferguson
I think she got jipped. I'm not sure how much my husband's paid for my new name... but the joke is on him. I haven't legally done a thing.