Per Greenberg's Guide, the one listed looks to be the 1933 (A) version, and has a value listed at $95 Excellent condition. So take it for what it is, and looking at that offering, it looks to be in very excellent condition. It comes with a 259T four wheel non whistling tender. Both in Gloss Black. So the present bid is about right.
I would call this one nice condition, definitely not 'Excellent' condition. It is graded C-7, which is high, but typical for eBay grades. There is one graded C-7 that is Excellent, with boxes for $395. This one has some rust and lots of chips with paint loss. According to TCA, that's a C-6 (Very Good).
I understand auctions. I just wanted to make sure I wasn't missing something. I haven't seen many with the 4 wheel tender, not sure if that means anything. With 21 bids and a day left to sell, this will easily go for over $110. The oddity is that some nice ones went last week for 20% less. I won't bid on this one. I see a beat up one with a whistle tender that I might buy and restore. It will probably need a few parts though.