These were manufactured by the Magic Wagon company in 2007, they're made in limited quantities and as with all their products, are snapped up by collectors. We fortunately found a small stock of these while recently checking boxes in our store room.
This is a beautifully made wooden bat that has three holes drilled through it. Using the paddle move, the holes are made to apparently double in size, the bat is then passed through the magician's hand, it emerges with much larger holes. It's now given for examination.
Made for collectors rather than for performance as the paddle handle is not a good shape for performing the paddle move, but the prop is beautifully made in a limited quantity, it already has, and is sure to continue increasing its value.