thirteen - 9:45 pm on Aug 30, 2011 (gmt 0) [edited by: Webwork at 12:23 am (utc) on Sep 1, 2011]
Nothing you can do about. There's no regulatory price control on penalties and fees. Charge what the market is willing to pay.
Some Registrars make millions in revenue on their domain auctioning business. If you are with GoDaddy, transfer your domain to another domain Registar that doesn't have a domain auctioning business, so there will be no conflict of interest.
On the bright side, it's not just you. It has happen to other people too.
[edited by: thirteen at 9:51 pm (utc) on Aug 30, 2011]
[edit reason] Website not responding at link. Besides we're not big fans of gripe site links. :-/ [/edit]
[edited by: Webwork at 12:23 am (utc) on Sep 1, 2011]