It may fully fade with some time but I like the remaining dark blotches. At 9" the sky is the limit price wise. $200 or less if you can get it for that.
As far as value, again, that can only be determined by you, and how much you personally like this fish. Myself, I would not pay anywhere near $200 for that fish.
Nope, just an RT. Not a bad one by any means though. Most likely will never fully fade, but then again there are many beautiful full grown RT/SRT that never actually fully fade. I don't think $200 is completely unreasonable for the fish if that's what they're asking, but probably wouldn't pay that myself. In the end, at least he's a true red and not an over saturated red light RT special.