Thanks for pointing that out. I missed it when I was looking through those lots.
So Morphy's thinks it's a display razor. They might be right. It's hard to imagine what else it would be. But I'm not entirely convinced. Typically display razors are prominently branded with their maker's name or trademarks -- after all, their purpose is essentially advertising. Why would you make a piece to showcase your work, then leave it unbranded?
Strange, strange.