Yes, the gunwales run past the stem as in early Whites, Robertsons, Nuttings and others. There are some other interesting features- chamfered stem edges, early-style O.T. thwarts, a thick square keel (assuming original, which looks like a good assumtion here), and as Gil pointed out, un-tapered ribs. Planking is narrow with only three tacks per plank at each rib. Some of these features are very similar to those of many Charles River-area canoes... maybe the Robertson influence... That's definitely the early Old Town logo on the deck; you can clearly make out shape and some drawing details, plus "INE" of "MAINE"
The fairly fine entry suggests I.F. model, but early catalogs are confusing on length. Prior to about 1903, if I remember correctly (it's late), the I.F. came in 15' length, but about then and later, it is only listed in longer lengths. HWs and Robertsons were listed in 15' length as well.
Price prediction? If not for all this discussion, I would have been surprised if it broke $1500. But then the accessories could also help run it up. Hmmm... Anyone remember that graceful Gerrish in very nice condition that sold at auction recently for $1400?!