I've just put in a $1 bid on a name in a Dutch auction for expired names. I watched the price drop, and about 5 minutes ago it was sitting at $5. It has just clicked down to $1, and I registered my bid, so it will be mine if it isn't renewed during the nest 21 hours. The name was registered in 2009, and I keep the age, as I will have bought it before it expires. Godaddy values it at around $1,300, but I doubt if it is worth more than $200, and it will probably take a year or so to find a buyer. It's probably mad to wait for that last $4 saving, and I've lost some good names in the past as a result of my trying to get the lowest price.
