Michael- I am by know means an expert on pelzmutze, but what I have found with Kube and his auctions, is that he is pretty tough on his grading of an item. And he starts his pricing accordingly. Items I think are in great condition he will mark as a grade 2 or 3?
What I have seen in the past, no matter what the starting bid is, if it is a quality piece it will go for what it is worth or more.
The pelzmutze in questions is stated as grade 1-2 with a starting bid of 780 euros
Also, remember there is also a 22% buyers premium on all items sold, so that 780 is really a starting price of 952 euros.
I know I probably did not tell you anythign you did not already know?
James