Domain squatting

[altonbr]

Someone please tell me this is illegal:

http://www.moniker.com/bidform.php?domain=alton.com


NOTE: ALL BIDS MUST EXCEED $1,000.

[Mason Whitaker]

Wow...This is just...

I hope that this is illegal <_<

[bsharp]

Yes, I understand it's ridiculous, but I don't see anything wrong with it.

They bought the domain, and they should have the right to sell it to anybody at any price (whether that results in a sale or not is their problem...)

[MikeTheC]

Anyone with that much more "money than brains" deserves to have it taken away from them.

Just like people used to sell decorative "boxes of air" on eBay, or just like how the PS2 went for well over $1000 right as it first came out, and just like people pay confiscatory rates for scalped tickets, there's always a sucker born every minute.