Besides all the above stated points - how much value (besides pet value) is a non-breedable pied male? Because in all likelyhood - I doubt seriously that kid will ever be able to produce offspring.
So, with that said - is he worth $1600 for his looks alone? As much as I want to own a pied myself - I'm also being practical. If I'm going to invest that much in an animal - I'd want it to breed. I know that he's less than a flawless animal - but he's still too highly priced for a pet with cool markings.