Of course it will, because they have a fanbase, but I've also purchased silkscreen prints for that much without records, so I can understand the potential value from that standpoint.
That being said, this picture disc is bullshit. I still wasn't seeing any direct correlation to hip hop pic disc pricing, though. Isn't this the only variant they've released for this thing? I just saw this as a move to collect on the rabid nature of Tool's specific fanbase and their laziness in not offering a regular pressing of this thing because it's easier to just make new packaging when the novelty has been working for them, especially with some novelty ass bundle like this one.
Edit:
I was reading it wrong and thought the disc came with new packaging and a slipcase. This release actually has very little to do with Lateralus or the pic disc, at all; it looks like the same old pressing that's been in and out of print for the last 16 years. So, they're charging for putting a second cover on their magazine and offering this issue in a slipcase. That's what they're selling. The print and record (which can be find elsewhere) is how they're trying to rationalize buying 2 copies of the magazine.