I think he's horde...a tauren hunter IIRC. As to the thread subject, I'd sell it at least for what you'd paid for it (or more, or give it away if you wish). Blizzard cares on paper, but the only way they'd care about your account is if you got a character to level 60 in three weeks and sold it off for $200.
If I ever play WoW again, that's the way I'm going. Screw leveling.
That is one thing I loved with EQ2. I was in a hardcore raiding guild (top 5 game wide .. i.e. all servers), decided to leave because I despise SoE

. I used their Station Exchange thing, and basically got this result (bear in mind the toon was a lvl 55, they had the max lvl at 60, so it was right after they released the expansion pack):
Listing Fee: $10
Final sale price: $595
SoE cut (10%): $59.50
My cut: $525.50
Another person from my guild did the same with his main. He left after we caught him stealing money from the guild bank. You cant directly transfer money over to your new server (the station exchange server), so he/the others that sold bought horses and sold them back for a little loss, but he ended up making about $3000 with his character + gold.
Dont think you can do that now cuz the game isn't as popular, but.