I'd rather have an Ornate Runed Shield: more Int, better saves, I couldn't care less about the relatively paltry 30 health & 35 mana, & I don't spend enough time anywhere near melee to worry about armor class. Certainly, there's no way I'd pay 10k for THIS shield, when on Sullon Zek the ORS averages about 2.5-3k.
Only really good thing about it is no level requirement, so it's good for twinking: but even then, I'd rather have the ORS.