minnapple - 11:32 pm on Jul 18, 2011 (gmt 0)

Have Registrar's been skimming off the top to long?

Example:
I let a domain name expired because I wanted to distance myself from the words within the domain name.

Sometime after the domain was released, I received a check [chump change] from the registration company after they resold it.

I did not request to have the domain put up for auction.

Does ICANN give registration companies the right to hold and resell valuable expired domains without freely releasing them to general public first?