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This is a name that appears at first sight to be valuable, but I suspect it would be hard to find a buyer willing to pay more than high hundreds.
The domain was previously registered to International Paints. It was an obvious choice for them but surprisingly they abandoned it and now use international-paints.co.uk, maybe that tells you something.
Thanks guys, I agree it is a very vague term and not relevant to any particular sector which is why I was having probs coming up with a value. Looks like its going to be getting 70 - 80 uniques per day so may just sit on it for a while and leave it parked at sedo.
I'd definitely develop it. You could start some kind of high society e-zine, because even though the word is slightly long, it looks great typed, so you could make an elegant logo with the right font. Generic names are perfect for e-zine type sites.