The 'Luger Myth' is appealing, but this 22 ain't a Luger. It balances poorly for me and though Ive had the chance at several through the years Ive never dropped the cash or shot one. My guess is they are no more than a plinker. The prices now are even higher (WAY higher) than the ones Ive passed on, so unless I could score it for no more than $100 I'd probably not buy one.
You would be far better served to throw whatever money they are asking for it, and some more, at a Ruger Auto. The MkI on have a similar look , proven performance, real metal and a re-sale. FWIW, we recently have been messing about with the new Ruger SR-22 and though it does not look at all like this gun, it is looking to be my choice for a 'kit-gun' in auto-loader now. As a 'traditionalist' I never thought I'd be attracted to the new generation of handguns, but here I am doing it.