A few years ago, I typed in a domain I wanted and was surprised to see a link to Godaddy Auctions saying I could have it "Buy It Now"-style for $80. I've had mi

A few years ago, I typed in a domain I wanted and was surprised to see a link to Godaddy Auctions saying I could have it "Buy It Now"-style for $80. I've had miserable experiences with Godaddy so I really didn't want to do it, but I wanted the domain and figured they'd jack it up to $5,000 if I hit refresh. A few days went by with no registration details, and all I could find in my account was the receipt. I called them up and was told that somebody else already owns the domain, but, if they don't re-register it when it expires, and they don't re-register it during the 30 day grace period, then I'd have the pleasure of being able to own it. When I told the person that I could have just waited and registered it on my own without spending $80, she said that since it's a 5-letter domain, Godaddy would have put it on the market as a premium domain. Apparently, I got a bargain. I transferred it out of Godaddy as quick as I could, and one of the first things I did at my current job was convince my boss to start transferring his 400+ domains out of Godaddy. He had no idea that the "premium domains" that they charge him $100/yr to "premium renew" aren't actually anything special, and other registrars don't do that.