That guy is sitting on a gold mine. All he has to do is split up those other 50 logs, knife off the bark and sapwood, take photos and post on ebay, then ship them all to the highest bidder. Lots of ways to make a little money, that is one of them I guess. Definitely not an easy way to make money.
We split this log into eighths and they are pretty big, things looked pretty good. A little twist, and there was some brown in the upper area that is from wind shakes or something. The pieces are 9' long though so I am reasonably sure there will be staves in most all of the splits, or billets at the very least. We had a devil of a time breaking the log in half, I think we had 7 wedges in the thing before it gave up.
My guess is theres easily 12 bows of one size or another, I'm giving one stave to my buddy as a finders fee and the rest I'll cull and put maybe 6 in the garage for seasoning. I got a pic of the big log pile but it is on my phone camera and we are on extended network so it'll be a week before I am where I can email myself the pic to post. I'll take a photo of the staves in the morning, but it is just another pile of wood. Just about maxed out the springs on my little pickup, and the serevice engine light came on on the trip back. Needs a quart of oil.