I just watched a G-daddy auction over the last few days that I really don't understand.
The domain in question expired on 3/20/2010 and the auction for it ended yesterday, 3/24/2010.
The domain did not have the usual G-daddy holding page up. It had (and still has) a live site on it. I think it's a blogspot site redirected to a stand-alone domain.
Is it unusual for a domain being auctioned to have live site on it like that?