Excitons in high-purity crystals of Cu2O undergo a density-dependent lifetime that opposes Bose–Einstein condensation (BEC). This rapid decay rate of excitons at a density n has generally been attributed to Auger recombination having the form , where A is an exciton-Auger constant. Various measurements of A, however, have reported values that are orders-of-magnitude larger than the existing theory. In response to this conundrum, recent work has suggested that excitons bind into excitonic molecules, or biexcitons, which are short-lived and expected to be optically inactive. Of particular interest is the case of excitons confined to a parabolic strain well—a method that has recently achieved exciton densities approaching BEC. In this paper we report time- and space-resolved luminescence data that supports the existence of short-lived biexcitons in a strain well, implying an exciton loss rate of the form with a biexciton capture coefficient C(T) proportional to , as predicted by basic thermodynamics. This alternate theory will be considered in relation to recent experiments on the subject.