He might be a bit high, the pictures are too poor to really determine the cosmetic condition, but he's not totally out of line with current FMV prices.
Take a look at this search result:
http://search-completed.ebay.com/tra...anicQQsbrsrtZl
As always, what something is worth has nothing whatsoever to do with what it's worth, it has everything to do with how many there are and how many people want them.
Lots of people want T/O's.