The owner thinks it is made from western steel and assuming he has a better view than I do, I would assume he is correct. Usually western steels of the type used for gunto are much easier to quench in oil as water produces too fast a quench and causes cracking. That, and the fact that the hamon seems flat and lacking, tends to make be believe that the blade, while probably at least partially forged, is likely oil quenched.
For nearly $3000US, unless looking for a blade meant for iai, I think the OP could find a nice, traditionally made nihon-to...
As I have said before, if one is looking for quality, traditional WWII era blades, it is best to simply avoid anything from Seki.