I think he's cute! The only thing I really see odd about him is his head looks kind of large. And maybe he isn't as muscular as a top-bred QH baby, but I definitely wouldn't call him ugly. I would take him home (but not for $1000, I could get a broke horse for that).
As for his color, it's really different! The closest I've seen is spotted mules that are oddly colored like that. But I've never seen a horse with different colored spots like that.