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Old 11-26-2012, 05:19 PM  
Adraco
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Join Date: May 2009
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At least Godaddy used to do this:
When a domain expires, they, or a company they own or are in very close realtionship/affiliation with, buys (renews) the domain just before it's dropped.

Then they list it as a premium domain, gambling that the old owner let it expire by mistake and want it back, and need it back at once. So they jack up the price, since it's a "premium" domain. They will play this game with an endless amount of domain, each day, around the year. Sure, some domains they will have paid the regfee for unnecessarily (like with yours) but many, many domains are bought back at the higher price and thus generating them a nice little profit, for their troubles.

In casinos, the house always wins, in the domain game, the registrars always wins (especially Godaddy).
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