What is a Premium Domain name from GoDaddy mean?

[bbrian017]

I just searched a domain name via godaddy and I found one that was considered a premium domain name and they want $1,688.00

Why isn't it the normal price and how can godaddy put the price so high. The only conclusion I can come up with is they are selling it for someone else that owns it. Could this be true?

 

[Miyavi]

Yeah, they are selling someone else's name for a premium price. It must go through an approval process first and, if approved, is listed for sale.

More information at the following link:
http://help.godaddy.com/article.php?article_id=2878&topic_id=160&isc=gppg1609

Hope this helps.