Why it matters
Registrars often auction expiring names during the grace period before they go to deletion. Winners pay their bid and a renewal fee, and then receive the name. Auctions can give a buyer a chance to get a name the owner no longer wants. Competition is strong for good names, and drop catchers watch the same lists. Check the name's history first. Common mistake: bidding on a name with a spam past. Google lists expired domain abuse as a spam practice when a lapsed domain is reused to game rankings.
Source: developers.google.com
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