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And that's the reason I don't own one. I've not seen that example but I've seen them priced at the thick end of £1000 and that's just ridiculous.
An item is only worth what someone is willing to pay...

A cleaned and polished badge would be worth less than one in original condition. However, for €150 I would still buy it.
Perhaps photos in natural light would be better as the flash does distort...