I've been following a lot of razor sales on eBay, in hopes of learning about going prices there while also becoming more familiar with models and brands. One thing that leaves me puzzled (no big surprise, considering how much of a newb I am!) is judging vintage razor's condition and restoration potential.

The razor in the photos (I grabbed them from a current eBay auction) has fine, red rust that primarily involves the edge and the adjacent 1/3 - 1/2 of the blade's width. This area appears to coincide with the part of the blade that would be enclosed within the scales. Is this an example of "scale rot"? And is this degree of damage amenable to restoration? I also see that there's some pitting, a muted/broken point (?), and other issues, but I'm mostly curious about the rust.

Thanks in advance! By the way: I'm not planning to bid on the razor...I'm just trying to get educated.

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