It looks to me like the photo is real, but I bet it was mounted later so that it could be preserved in a newspaper archive (possibly even in 1925). So I bet it is not a "cabinet" but an original photo mounted on thicker cardboard. Notice the dots at the top, seems to look like a recycled piece of newspaper art board to me. As such I think $4,400 is probably at the top of the market but still a really cool piece. I am glad I didn't see it, I would have lost by about 2 grand and then been mad!
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