It's not just an R8 Ultimate, it's also has an adjustable comb. The stock alone sells for nearly $3.5K new. The link on the website shows it with a Blaser rail mounted scope in QD mount and travel case. It would be a steel if all of this was included for that price.
Here's a photo of Tony receiving that Shaw & Hunter award at the 1970 annual EAPHA Dinner Dance. Tony Dyer, then EAPHA President and Princess (Sunny) von Auersperg presented it. I also attended the event.
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