What is the value of a Domain Name?

That is like saying what is the value of an acre of land.
Is the acre of land on the Beach, on a Mountain Top, or in the middle of a swamp?
What is the Buyer expecting to do with the acre of land?

Now - lets take the Domain Name of SonoBello.net for example.

For most people that are on the InterNet each day - that Domain Name is not worth very much.
However - the value would expected to be much more for the following:

1) The Company named SonoBello that has registered the .com and .org, but failed to register .net.
2) An ex-employee of SonoBello.
3) A business competitor of SonoBello.
4) An unhappy customer of SonoBello.

Summary

GoDaddy Broker Service Representative tried to buy this Domain Name Registration with a low ball offer thinking the registered owner did not realize the value.
When the registered owner countered with a high ball offer - GoDaddy decided to take other action
(using their position as a High Technology Company to Bully the little man out of his Domain Name).

Shame on GoDaddy.