i think you paid low $xxx(bcos you obviously wanted the name so the seller probably leveraged you out of the $xx region).
i would've paid high $xx.
The name sounds like "web logs" and "we blogs" and "web blogs",so its a little ambiguous IMO and thats why i don't value it at $xxx or higher.
But since you probably will develop the name, it still has alot of value depending on how you use it. good luck.