A tale of two domains (a.k.a. even auction drops become available later on)

Over a year ago I noticed two domains on SnapNames (I think it was them, or it could have been Pool). One was a .com and the other was a .net - identical domains, different TLDs.

The .com was on an active auction - the bidding was over $250 while the .net sat lonely as the price dropped in hopes someone would pick it up. The .com went over $350 as the .net went down to the lowest price - $9. I quickly grabbed it for that bargain (since I was developing a similar domain, I could use the traffic). The .com sold for under $400 and I thought that someone would definitely put it up and use a site and I might benefit a little from it (I'm assuming the previous owner had both and dropped both).

Fast forward four months, I get an email (spam) offering to sell me the .com for $500 since I own the .net (from the same people who later on, not only offered to sell me a domain that I owned but had it on their site for anyone to buy for at least 9 months). The alarm goes off in my head and I jump over to my registrar and type in the domain.com

Guess what? You guessed it - it was available for registration so I quickly picked it up and pointed it to the site that I had developed (and enjoyed a small boost in traffic).

The moral of the story - don't let drop auctions get you down. If the domain you goes beyond your budget, don't give up hope. There is a chance (even a small chance is still a chance) that it might be available a few months later.

My question is - why would someone spend so much on a domain (with multiple bidders) only to drop it a few months later?

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