I'm glad you posted this Andrew, i saw the auction and was wondering the same thing, can it be saved, at just over $2000, would it be worth putting maybe $2000 more into it make it look right with a reshaped tip and a polish? Or is that a pipe dream that none of us could guess since we do not have the sword in hand to know better or not?
It looks real to me, but i am not a expert, so my guess is worthless more or less, less in most cases and that is why i am here after collecting Japanese swords since the 1980's no less, to learn more about the hobby i love.
James