GoDaddy has a "one size fits all" system design, where everything from a $5 hosting trial is treated the same as a $100K auction win, and that's insane in 2020 with all the bad actors out there. 30 days to pay? No credit card required?
They need to split these Registrar + Auction House business processes ASAP, require credit cards for any auctions, then have a "hold" set immediately after it closes just to weed out the scammers. Instead they just let anyone bid on anything, up to any amount, and without a valid CC registered. And even if they do have a CC, there is no timely follow-up and therefore if they have a deadbeat on their hands, no time to coordinate with the 2nd, 3rd, et al bidders to see if they want it.
It's insane, and I wouldn't bet against some of the drop-catchers using this wildly flawed system to get more inventory to resell.