This phone sold on Ebay I think as a BIN for $225. I've never seen one of these before. The transmitter appears to be a bevel edge #225 which is a speaking tube transmitter. Whoever the buyer is sure got a great deal.
http://www.ebay.com/itm/Antique-Vintage-Western-Electric-compact-Oak-Wall-Telephone-TYPE-128-RARE-225-/132298980645
Seller Description: "RARE Antique Authentic Western Electric / AMERICAN BELL, Oak Wall Phone in AS IS condition. -- The cabinet is constructed of oak with original black paint inside and out. . The interior workings are original. The cabinet measures approximately 9" long x 6 1/2" wide 4" deep This telephone is heavy 7 1/2 LBS.. Please view all photos, as they are considered part of the description.,item has scratches and see a small crack in wood see photos. -- many dates on item , see photos. estate sale find. sold as found. -- This telephone is an authentic piece of history!"