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5 figures? Damn. How many characters was it, if I might ask?

10 characters. It's two words, no spaces or dashes. Nothing trendy. I don't know whether he bought it as an investment or had plans for it, but he's clearly only trying to get out what he put in. I'm willing to bet the initial investment is a huge regret at this point.

Wait. Are you saying that he claims he paid a certain amount as the justification for the price he wants for the domain?

I asked if he was willing to sell it and at what price. He replied:

I get asked regularly and am still waiting for someone to pay $XX,000, like I did.

I can't find any public record of the sale. I told him if that's what he was waiting for, good luck.

Without knowing the exact name and owner you have dealt with it's hard to speculate.

That said being in this industry I can tell you:

a) "I get asked regularly" - very common to claim others are interested and considered a good way to get someone off the fence to make a buying decision.

b) "to pay $xx,000 like I did" - could be a complete lie. Once again hard to speculate w/o know the info I stated above (owner/name). But would tend to think that's bs from my experience. Another big one is "we just turned down $xx,000". Also "we are not looking to sell at any price" (means "make me a big offer and I'll think about it").

c) "can't find any public record" - not unusual at all. Only public records would be news stories on sales (not common) or auction sales (sedo.com etc.). Most domain sales info are not public.

The good news is that the seller would consider selling and may just be bullshitting. Other sellers (large companies) really won't sell at any price and you are totally SOL.

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