The registries own the domain names -- ALWAYS.

A registry has the right to sell its property at the time of its choosing. (analogy: you sell your house or your auto when you damn well please.)

So, stop your whining already.
You can see by Huntingmoon's and Famous Fours sales of the .webcam names they offered was successful. The .webcam registry recouped a good part of their initial investment with the sale of a handful of names

So, who are you say they are stupid?
You have to have money to play with the big dogs -- nothing new in that ...

Only time will tell what these new gTLD names are worth both speculatively and functionally. I am more inclined to see the functional aspect. The branding value and the SEO value. The speculative value may just be a flash in the pan, and then maybe not ....