In Wrath of the Lich King it is item level 226, requires level 80 and sells to vendors for 4g 11s 7c. In MoP Classic it is item level 200, requires level 80 and sells to vendors for 4g 11s 7c.
Read from the World of Warcraft client build files (JournalEncounterItem, JournalEncounterCreature, Achievement) and the Blizzard Game Data quest API.
How Preceptor's Bindings Compares
Who It Suits
Cloth is the armor type Mage, Priest and Warlock wear. With Intellect, Preceptor's Bindings suits Discipline, Holy and Shadow Priest; Arcane, Fire and Frost Mage; Affliction, Demonology and Destruction Warlock.
Transmog Sets
Preceptor's Bindings is part of the transmog set Heroes' Frostfire Garb (Mage only). The other 12 pieces:
Built from the World of Warcraft client build files and recorded Auction House snapshots.
Where Preceptor's Bindings Fits
Other Items Named Preceptor's Bindings
1 other item in the current build is also called Preceptor's Bindings. Same-name entries are usually a different rank, faction, quest stage or reward track of the same object.
Blizzard numbers items as they are created, so the named items next to ID 39252 (39247 to 39257) were usually added in the same batch as Preceptor's Bindings: the same quest line, zone, vendor or reward set.