The sad part is -- the account is worth that, or nearly that. If it has what he claims: the 2 80's in and 70's in the epic gear, it will go for that much.
BTW Brew: this will not stop you from playing. At the end of the vanilla wow, just before TBC, I sold an account for 800 that had 3 60's, one of which was the most geared lock on the server. I picked it up again and began playing TBC, and about halfway through season 4, I sold my orc warrior for 600 in full S4 gear / s3 weapon.
Regardless, I am once again playing an orc warrior who is one of the most geared on my server
I only put in 4-5 hours a week now though.