What you've just described is a phone call, don't wait for it to drop. Give the owner some cash before anyone can compete.
The few drops I do pick up, I have a max bid of <$20. But I just made an exception, got a keyword rich .com just moments ago for about $1k. No site or history on it, somebody must've been sitting on it and let it drop. Absolutely bizarre. The only reason I even knew it existed was because I did a whois on it a few weeks ago and realized it was pending delete. Unbelelievable - the keywords are my second best trophy term and I got the domain.
It's going to take the weekend for me to calm down :).