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Bid on GoDaddy Domain at Expiring Auction
When the godaddy domain get expired, it will update its whois within 24h if the domain remain unrenewed. 24 days after that day, the domain gets into godaddy’s public domain auction list as “expiring auction” for 10 days. If you are the one offering the max bid, you will win the domain after 7 days.
If the previous domain holder didnot try to renew the domain at the “Redemption Period” for $175 + renewal fee, YOU GRAB IT!
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PS: the bid fee will get lower during the ongoing 10 days.
FROM GODADDY HELP PAGE:
Viewing Expired Domain Name Auctions
Last Updated: May 10, 2010 3:32 PM
Expiring auctions, listed for sale on Go Daddy Auctions®, are expiring domains that are registered with us. You can view and bid on expiring domain name auctions. However, the current registrant can renew the domain within the redemption grace period.
If the current registrant renews the domain you won on an expiring domain name auction, we notify you by email and refund your account within six business days. We also notify you by email when the refund has been processed. If you do not receive an email notification within six business days, you may contact Go Daddy Auctions