$1,100 would be a stretch even for a NIB Winchester 70 in 225 WIN. A NIB Savage 340V in 225 WIN might be worth half that. I've owned four or five Savage 340Vs in 225 WIN and didn't pay more than $350 for any of them. I've always thought that the single locking lug Savage340 action was only marginally strong enough for the 225 WIN, marginal enough such that I wouldn't want to shoot them.
Obviously not worth half that if it sold for that. Sure wouldn't pay that myself but someone felt it was worth it. The prices various 340's go for around here vary considerably. I paid less than $200 for both of mine, one a 325 in .30-30 and the other a .322 in .22 Hornet. Recently, an average grade .222 sold for over $500, the next week a very nice .222 sold for $350.
