The domain name, 55588.com which just dropped a few days ago, just sold at DropCatch.com for $91,060.
The domain name was owned by VARTEX Media Marketing GmbH at the German registrar, Vautron Rechenzentrum AG.
VARTEX Media Marketing GmbH owned the domain since at least 2007 according to domaintools.com
The domain had a creation date of 02-17-2000 according to DomainTools.com, before it dropped.
The domain expired on February 17th 2016 and dropped on March 6th and was caught by DropCatch.com.
In all there were 56 bidders that placed a total of 571 bids.
However, two bidders, with the ID’s; “first1” and “jiang123” battled it out for well over one hour, since the domain crossed the $30K mark.
As usual, the previous owner gets none of the proceeds of the auction.
That is a lot of money to walk away from for what would have been a renewal fee of somewhere between $10-$35.