You guys need to get your head around ukuleles made in Hawaii in the early days.
Look at the close-up pictures the seller has provided. Realize this is probably an upper-end uke. It shows what looks like a uke made mostly with a sharp knife or chisel, that is all. A slightly off-set sound hole? No matter, the neck was glued in at a slight angle to the centerline, and the hole matched where the strings would go, as was the bridge.
If there was any power in the shop back then, it most likely powered a light bulb.
Now the price being asked for it, that is the price of the future!