I have an extremely vague recollection of this kit - but I don't recall ever having actually seen it. Frankly I'd be a little nervous about buying it.
Imai's plastic sailing ship kits were, as has been noted many times in this Forum, among the best ever produced. The Imai 1/120 (or is it 1/125?) Cutty Sark is surely one of the best versions of that ship - if not the best - ever to appear in kit form. The company had an extraordinary sense of adventure - both in terms of the subjects it picked and the approaches it took to them. That meant some superb products. It also meant an occasional dud. I did get a look many years ago at the Imai H.M.S. Victory, which had a "white metal" hull and wood decks. It was about the size of the Airfix kit (1/200 scale or thereabouts), cost over a hundred dollars, and was one of the most ridiculous kits I've ever seen. The detail on the cast metal hull halves was crude compared to the Airfix or Revell versions (the big Heller one hadn't appeared yet), and the assembly methods were downright irrational. I've often wondered whether that sort of ambitious, expensive charge down the wrong path had something to do with the fact that Imai went out of business.
I have no idea what that plastic and wood Cutty Sark is like. If it's an enlarged version of the plastic kit, it may be superb. If it bears any resemblance to that Victory, it should be avoided like the plague.
Later edit: I took a look at the photos on e-bay. They don't really show enough to justify forming a firm opinion about the kit, but on the basis of the pictures it looks to me like a serious scale model. The few detail shots of the finished model certainly are impressive, the basic shapes look right, and the rigging diagrams that are visible in a couple of the pictures look reasonable, if somewhat simplified (as is to be expected).
The real test of a Cutty Sark kit, to my notion, is how it represents the bulwarks. In reality they're made of sheet iron, with iron rod diagonal stanchions holding them up. To my knowledge, no kit manufacturer's representation of them comes close to reality. (The various plastic kit manufacturers turned those iron rod stanchions into diagonal gussets; the HECEPOB wood companies make the bulwarks out of wood.) I can't tell from the e-bay photos how this kit handles the problem. (It's a perfectly legitimate problem that really does force the manufacturer into some sort of compromise. If rendered to scale - even the 1/80 of this kit - those bulwarks would be as thin as a sheet of paper.)
I wonder about the crew figures. One photo shows them in a plastic bag on a sprue. In that shot they look remarkably like enlarged versions of the ones in the old Revell kit. But the figures visible in one of the manufacturer's photos of the finished model look different from the Revell ones. Neither shot, I hasten to add, is clear enough for me to really judge.
I do think it's remarkable that Imai included 60 crew figures. In her tea- and wool-clipper days (when she was configured like the kit seems to be), she had a crew of 28. She might have shipped 60 when she was serving as a training ship, but she would have looked a good bit different by then. This may be the only ship model kit that's ever been packaged with too many crew figures.
Given the current pricing structure of the ship model kit business, I guess I'd have to say that the current bid of about $41.00 looks like a bargain price for this kit. I'm basing that opinion entirely on those pictures; it is of course entirely possible that the thing has some basic flaw that I can't see. But these days, when $41.00 will just about buy you two 1/72-scale WWII fighters, it looks to me like a reasonable risk. If I were in the market for a Cutty Sark kit (which I'm not) and had $41.00 + to spare (which I don't), I'd probably bid on it.