I'm going to be very frank. To me, he is not worth that. They have every right to ask the price they are asking, I'm not saying that, its just based on what I know and have seen, not enough for this area.
If I was going to gamble that much on a JR, I'd buy from Campo or Saynora lines. They've been around many many years and have consistent high placings.
He would *not* do well here in competition based on the pictures. He lacks width in the chest (which is a BIG BIG thing with HL). He needs more width in his body over all and could use more bone (most HLs could though). Good head width and nice ears...but body he doesn't cut. Shoulders that are not set wide enough apart make the rabbit more V shaped then U which is not wanted with HLs. He *might* be good for the area, or a starter but I'm afraid you're going to find that its harder to get better using a buck that lacks width (unless you find some stellar does). Your buck is your back bone, finding a doe with solid enough features to complement him is going to be hard. If you get a doe with long shoulders or long midsection, the kits are probably going to have that problem but worse considering his body. Does would have to be super short and super heavy and wide in body to even out his faults.
This is a picture of a buck that is for sale for $100. This is an older SR that has produced show offspring though. He has his problems too, his head isn't as near as good as the one you're considering. But it IS possible to find better at a more reasonable price. Most cross country transports are $50 to $100, even at that a proven show producing buck may do you better. He's not considered show prime any more because of his age.
https://www.facebook.com/mshollands/pos ... 5881708297 is the link for the Facebook posting. There are many HL available on the HL groups and ARBA show page.
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There's also the possibility that those are just not good pictures (although its really hard to throw off bone in a picture, either they got it or they don't). Have several people look him over if going to seriously consider him. Consider your does (or prospective does). If you can't get parts does to even out the kids, won't do any good either.