I got firstname.be a while back, and I did pay more for it than 50 euros. Guess it depends on how much you want it -- I'd been waiting nearly 16 years until the domain finally expired. Didn't really feel like waiting another 16 years... :)
I've had steve.org.uk for a good few years. Then I moved to Finland, and saw that steve.fi was due to expire in about four months.
Believe me I hammered their registrar the day the domain expired, looking to purchase it. Of course it then went into a redemption-state. But eventually, it became mine. Thankfully the previous-owner was willing to let it go.
