Thanks Rob, those were the sort of arguments I was looking for. I'm trying to think through the logic of the various models (see any of you at the round table gathering in December btw). That 'premium domain' thing does operate in quite a lot of new TLDs though doesn't it? What I mean is, if they argue they want to align .uk domains with other Registries around the world, they can call on precedent, unless it exposes them legally in this country. Are all auctions anti-competitive? Sothebys? Auctioning a picture? I mean, I agree it benefits the wealthy. Almost any domain I wanted would probably be beyond my reach as a relatively low-paid nurse, so yes, the present drop catch system works well for me. But are auctions legally anti-competitive, and if so, does that mean secondary domain auctions are anti-competitive too? I think it's called capitalism.