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This description stuck out as the most relevant opinion in the thread. A single word dotcom generic (and brandable) has to go for $XX,XXX - $XXX,XXX when lesser dotcoms are selling in the $10-30k range.
I found out (via whois on the name after I sold it) that the buyer is the founder of GeoCities, so there's a good chance we'll see a big website developed on this.