GSM.com was registered back in 1993 and taking a look at archive.org was the website for a company called Gold Standard back in 2006. They were founded in 1993.
In 2006 Elsevier, a world-leading healthcare and scientific publisher, announced that it has entered into a definitive agreement to acquire the entire share capital of Gold Standard, Inc., a US-based developer of online clinical drug information products, services and solutions to the healthcare market.
In 2013 archive.org shows a landing page with the following:
Website for sale
Please contact Simon Morgan email@example.com
This was an office of Elsevier. Another big company letting an asset just expire, of course to keep things real, $86,000 is a rounding error for a company that did 2.64 billion GBP in revenue.
Original article: GSM.com expires and goes for $86,000 at GoDaddy
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