This whole thing has piqued my interest.
As of today, the seller of the dubious 1902 has three other fairly high dollar Lugers up on Gun Broker, and has used the Buy-It-Now option in combination with the Make-An-Offer option:
https://www.gunbroker.com/item/757284355
https://www.gunbroker.com/item/758308102
https://www.gunbroker.com/item/757287214
Interesting approach.