I think it's high too. If he hangs on to it for a few years, it won't depreciate. I'm looking at this from the POV of someone looking for a southpaw bass. Count your blessings if you're a righty. It's hard enough for me to find a decent right handed bass. A decent, semi-vintage, lefty bass is unicorn territory. I'm sure the OP will agree.
I don't think QC was the problem in the late 70's. It was the thick gross finish, and extremely heavy ash bodies. The heavy ash bodies made the basses sound nasaly, midrangy, and thin. This could work towards a desired sound in a jazz bass, but really hurt p-basses. You also have to deal with the thin CBS width at the nut. It's not a j, and not a p, when you play in first position. It's just kind of...blah.