This baby was ordered in the mid 70s by Dr. Clifford Graves for his wife. It's dirty and greasy, not polished, has mismatched bags, mismatched hubs, a scuffed seat and it's missing the front fender. What a wreck. It was not actually built by Rene Herse, but by his daughter and son-in-law shortly after his death. These are all probably reasons why it sold for only $9,300. Repeat, $9,300.
Obviously there is more to this story. Graves was a somebody and a serious cyclotourist. He also wrote about it in My Life on Two Wheels. And it would be a really, really cool bike even without the provenance.