Possibly useful personal experience: I had sell-out.com registered for about 10 years. For the past five years it pointed to a stale blog.
I was contacted about a month ago by a company that wanted it, and they offered $1000 US, which I rapidly agreed to.
I wasn't intentionally squatting it, it was one of those domains I registered on a whim for a personal project that I grew moderately attached to over time, but never did anything with.
The company I work for spent a bit of money protecting the namespace around our most recent product, and based on our CTO's experience buying unused and squatted domains, I say: walk away. Leave off with an email "If you ever want to get rid of it for $x, I will pay you that afternoon." Either they're willing to sell and will take you up on it, or are more interested in a cash grab and won't.
I was contacted about a month ago by a company that wanted it, and they offered $1000 US, which I rapidly agreed to.
I wasn't intentionally squatting it, it was one of those domains I registered on a whim for a personal project that I grew moderately attached to over time, but never did anything with.
The company I work for spent a bit of money protecting the namespace around our most recent product, and based on our CTO's experience buying unused and squatted domains, I say: walk away. Leave off with an email "If you ever want to get rid of it for $x, I will pay you that afternoon." Either they're willing to sell and will take you up on it, or are more interested in a cash grab and won't.