Rtoron,
This cue previously belonged to me. I came to own it through a trade deal with another collector, and it was NOT cheap. It was marketed to me as an F24 prototype. The collector I dealt with sells a lot of very expensive cues and has a good reputation so I have no reason to believe otherwise. I had a very nice transaction with him.
This F-24 has a non-standard joint material (these were released in steel, but the joint is an bone-esque material). The inlays are gorgeous. They are not ivory. The leather wrap is very nice, and the cue plays great.
It has no logo on the cue anywhere. You don't see many F-24s for sale (the pic you posted above is one I owned a decade or more ago). I ended up trading this cue, with a collection of cues, to our mutual friend you are dealing with, for something extremely special. I still have a bit of trader's remorse because every cue in this package was really nice.
This cue was made in the canadian plant. I'm sure there were not many of the F-24 manufacturered and every "good" FALCON appears to be in Europe. These have a lot of work in them. They were the "high end" model of that initial catalog. The FALCON sold cues cut and pasted above above are in no way what this cue is. As many would say, it's worth what someone would pay. Well, I paid (in trade) several thousand dollars, plus. It was worth that to me. I think it's an exceptional cue, and something special for your collection.