I still wouldn't bid that much because of the bulged barrel.
I don't know how you could fix the bulge. The barrels are 26" now and if you cut the bulged area off you would have a rifle with 22" barrels. That would not be the right thing to do on a .360 BPE. I suppose that you could have someone sleeve it to a smaller caliber, but that would be an additional expense. I wouldn't pay more than $6000 for it, but that is just me.