Do parked domains expire?

jdab

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I'm looking to buy a domain that's been parked. It was created back in June 2004 and expires in June 2012, just wondering if they will actually let it expire or renew it and wait for a bidder (it's for sale for a minimum of £45). I don't really want to pay £45 so if I can I'll wait until it expires but I don't know if it will. If someone can tell me that would be great, if they don't let it expire I'll just buy it.
 
I believe the owner will most likely renew it and wait for an offer, otherwise he wouldn't have the starting bid that high.
 
Connor said:
I believe the owner will most likely renew it and wait for an offer, otherwise he wouldn't have the starting bid that high.
Oh okay, looks like I'll have to bid for it.
 
Parked domains are like any other domain.
If it's a premium domain it wont expire it will be picked up by an auto reg'r right after it's deleted.
The only way you will get one is to bid on it.
 
Ya.
And since it's been reg'd since 04 that makes that person think it's worth a lot so your really going to need to save.
 
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