Take heart, the fact they caught it means they thought it was worth having, so you were not alone in attaching value to the name.
This also demonstrates how competitive catching is becoming. I've been catching ICANN domains in the past, but something very significant happened in January 2012.
The SCHLUND organisation took over Moniker / Snapnames. Schlund is their TAG, you know them as 1&1, mail .com and lots of other names. They are mostly Germans trading through a Swiss holding company.
Since they took over Moniker, they have been so active in their catching activity that it is not possible to compete. Until they came on the scene, it was still possible to catch domains from the individual search at a few registrars (one of which was Moniker). Not now, unless you're talking about a complete rubbish domain.
So why mention them?
If you really really really want a domain, go to Snapnames and go through the flak. They charge about 70 notes upfront, then you have to bid for the domain if other people want it - but they have so many people/subsidiary domains deployed on catching, nobody else has the firepower deployed. 123=cocked hat.
If you really really want a domain, GoDaddy still offer good value for a catch. I don't like their politics, but they still give good service.
If it's a UK domain, the specialists you find on Acorn can still compete with the Schlund monster, but life is getting harder. The whole catching biz is turning into big biz.
People have been making money, and someone noticed - domaining is hard work these days.