It's been listed for a long time because they are not asking a fair price for what is at best a fair example of the Ultraman... according to Speedmaster 101. I find the case to be the biggest issue, the bezel insert is fair, and the dial... the opinions will vary, but, I can't say it's poor.
Condition and pricing according to Speedmaster 101:
Poor – These watches are unattractive, have damaged parts, and have very little going for them other than they can tell the time correctly twice per day. The bezel is damaged, the dial is damaged, the case has lost definition or heavily scored. The movement might be corroded, or missing some minor parts. Often these can be valued more accurately by valuing the parts separately.
Fair – Often the quality of a well used watch, one that has lived a useful life. It might be damaged or missing some service parts, movement needing work. This category can sometimes be improved with sympathetic work and service. It will remain fair if after service it still shows a damaged bezel, a dial with damage or missing, or discoloured plots, and a case with missing lines or heavy damage.
145012-67 Ultraman Poor 14,000 Fair 22,000 Good 38,000
Case ... Poor Dial... Fair Insert...Fair Averages out to 19.3K
I realize Speedmaster 101 is not the end all, but, it is an honest attempt to gauge pricing and condition. I have seen the watches that ndgal sells, and the majority are in very good or better condition, but, I have a strong suspicion that if the price for this Ultraman was 20K, someone would buy... not me or ndgal, but, someone.
Source:
https://speedmaster101.com/price-chart-2/