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It actually retailed for $600, haha. I had one, such a sweet jacket. Only thing is though, I would not advertise that it fits like a large. It may be longer, but it is definitely not a baggy jacket. My large was quite snug on me, whereas a baggy fit Oakley large is huge on me. So, I would say it probably fits like a long cut medium. Just my 2 cents though.
If he asks $150-$200 and you like the style, I wouldn't pass this up.