Thank you all for confirming the fact. I was just surprised that the item was sold on the auction's floor, i.e being
mis-represented by an auctioneer in person
These daggers usually cost at least 10 times less. Recently I saw a Mughal dagger with carved green jade hilt, magnificently pattern-welded/layered armour-piercing 12'' blade with a gold-leaf stamp on it. It was made a few months ago in India, the cost was less than $100!
Interesting fact and a thought: 90% of Phoenician, Roman, etc. "antiquities" sold on E-Bay are obvious fakes (most of them come from Middle-East villages where making them is a sole industry). So if a 20-dollar 5th Cent AD Phoenician millefiori glass bowl is easily (and consistently) selling for over $1000 on E-Bay, what's wrong with using the same "marketing" method with other products?