I still think its a rip-off/sh*tty business when someone tells you "If you'll order now we'll sell it to you for just 1,700" when they know there's no way in hell you can afford that as a small guy
Everyone is free to think otherwise, but to me that is just pure greed.
Its what they have to charge to break a profit when considering sell through rates. They'll pay a few dollars to 'win' the closeout, plus pay for a year registration. So lets say an average of $25 per domain they snag.
Its fine you saying you should be able to buy it for say $200.... but then they would need 1 in every 8 expired domains they register to be purchased by the original owner to break even on a strategy like that. Sell through rates will be nothing like that.... because the vast majority of domains are intentionally dropped.
1% to 2% annual sell through rate on a portfolio more typical. Lets say 2% for arguments sake (optimistic)....
.... $25 x 50 = $1250.
Minus other operating costs like rent on their offices, data centers (costs a lot to run their software no doubt), employees (that employee who offered you a discount will be on a salary).
The simple fact is that you pay to own a domain for a specific period of time, you are only really 'leasing' it, if the lease expires and you fail to renew then somebody else gets to lease it.... whether that's Bob Smith a hobbyist or Huge Domains the corporation.
I think that by lashing out at Huge Domains you are probably expressing frustration at yourself really? Your registrar would have sent you several emails reminding of renewal, and they even offer an auto-renew feature, its really only your own fail.
The truth is that pretty much everybody on this forum stalks the same lists of expiring domains, to purchase them as they delete, so you won't hear anybody here criticise this practice.
Its the only way we can obtain good domains, because its not 1997 anymore. Its pretty rare to have somebody angry that they've lost their domain, you are in a very small minority.... 99.9% of deleted domains will be intentionally dropped by the previous owner who no longer has a use for it.