That's what gently used stock Hi-Powers are going for now; as-new are commanding retail more.

This is a Behlert? (Even a low-key one?)

How close are you with this co-worker? Because if he'a friend, I'd feel a little bad if I paid that for a high-condition item tuned by one of the masters from a bygone era.

Suggest you post this at 1911.forum.com -- their Hi-Power subforum is probably the best on the web and will have some folk who can give you a very good assessment of its real worth.

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Pickpocket