Looking at a Godaddy Domain which auctions and currently looking at a domain Auction for a domain which has over 100k traffic, over 2 million referring domains, and decent metrics which has 14 hours left. The current bid is only $70.00 and the website is currently live.
I checked whois information and the domain doesn't expire till December 2013
Price is set as Make Offer
So does that mean, that the final offer price (highest) will be automatically accepted. Or can the owner then refuse to sell it?