Why did this Bolo Tie have a $800 price tag?

Need help understanding why this might have cost $800, I don’t know what the white layer on the back is as well?

thanks so much

-please add a few more photos. Where was this listed for $800, in the US or out of the country and what info was included in the listing?

You didn’t include an image of the back, but from your description I am imaging it might be shell. Some artists will inlay the stone on top of shell instead of silver, popular with Pueblo work. I have included a link to a Pueblo bolo that has been inlaid onto jet, https://www.pueblodirect.com/products/native-american-santo-domingo-turquoise-inlay-bolo-tie. It would help if you included a description of what the seller is saying about the piece.

Thank you so much, I just bought the the bolo tie from an auction. It had an old price on it for $800, I just couldn’t figure out what about it was so special to make it that cost.

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