In Wrath of the Lich King it is item level 213 and requires level 80. In MoP Classic it is item level 213, requires level 80 and sells to vendors for 1c.
Items Numbered Next to Deadly Gladiator's Bonecracker
Blizzard numbers items as they are created, so the named items next to ID 42280 (42274 to 42286) were usually added in the same batch as Deadly Gladiator's Bonecracker: the same quest line, zone, vendor or reward set.