I would be beyond surprised if they cost even that much.Really lo-end import. These sold for around 30-40bux when new. Not a cue to play real pool with. Those Ramin wood shafts sucked.
Make a better tomato stake.Tom Ferry, OldHasBeen on AZB, used to play with a three, four or maybe it was even a five piece cue, to entice people to play him for money. (I can't remember how many pieces it had.) This cue would be good for that purpose.