I wish the guy would have let the auction run (or at least sent it to major auction as Andrew suggested) so we can put an end to the "how much should it be worth" discussions on this card since the Lipsett sale seems not to be trusted due to the mis-information in the listing (it's not the rarest T205 variation; Hobby no stats is rarer).
The guy did already have 4 bids over $2500 so we know the market doesn't agree with the philosophy that it should be valued like any similar print HOFer with a Cycle back. That's not really surprising considering the precedent of cards like DeMitt, O'Hara and Wilhelm which are valued well above what they "should" be if looking only at populations, as collectors have always placed a premium on these textual variations.
Disclaimer: I own one of these. Heck - if his sells for $9500+ mine will be next for sale