I didn't see the auction listing or the rifle description, but from the photo you posted, that rifle appears to have had the stock refinished (wrong color) and the metal reblued (too black). That's fine - I don't mind a restored rifle, but it does dramatically reduce the value of a pre 64 model 70. If the auction rifle was near-mint and all original, then I'd say $2900 is a fair price. Maybe even a good price. However, if the rifle was refinished as I suspect, I'd say the buyer overpaid by $1000 or even $1500.

By contrast, your rifle - although used with perhaps a few more bumps and handling wear - it appears to be all original. For most model 70 enthusiasts, your rifle would be preferred and valued higher than a "restored" one.