Nope. If he paid $999.00 a year ago, he's a fool. Obsolete FS bikes don't have the value sellers think they do. New, the bike went for about $1,300 MSRP. I'll bet you could have bought the Trek for close to $999 back in '95.
Earlier this year, Craigslist was full of ads quoting inflated MSRPs. One guy was trying to sell a Porsche mountain bike for $1,200 by claiming an original price of $4000. Folks wised up.
Welcome to the jungle.