I have no experience with Ricoh cameras, but just because a "person of importance" set a value on something does not mean that is its true worth. The item is only worth what the market will bear. Does everything function as it was intended? will it continue to do so for however long you want it as a user? I may be wrong, but doesn't that model rely on the meter functioning properly for the camera to work? Can the auto function be overridden? IMO, the price is a tad bit high. Maybe get a try out clause from the seller that allows for a full refund up to so many days(long enough to run a roll through it) if it doesn't function properly.