Well, based upon the front cover scans only, that is definitely an understatement.
Of course, there might also be other unseen defects on the $110K copy on the back cover or in the interior which would not be showing up on front cover scan only. Could also be due to the quality differences between the 2 scans.
More than likely though, another example of inconsistent grading between loose grading and tight grading time periods as the $110K copy was graded back in 2007, while the $87K copy was graded in 2015 when the competition was nipping at its heels.
Another case example for buying the book, as opposed to buying the label.
the $110k copy has a clean BC as I owned it from 2009 - 2015. The dust shadow is much less pronounced in hand. It is a true 5.0 IMO.