Here is a refurbished axe posted on another venue. I mean no disrespect to the poster and I think he/she did a great job. And I am willing to change my mind (I'm just a hobbyist woodworker).
That said, I think this handle is an example of what to avoid in selecting a handle. The handle was said to be the top grade, hand selected by the manufacturer.
The composite picture below shows the end grain on each end. The picture of the top end was flipped to show a mirror image. That way you don't have to do the mental gymnastics to visualize the orientation change from one end to the other. The butt shot was said to illustrate the "perfect grain"of the handle. But looking at both ends there is a change, at least a twist in the handle grain orientation.
Next are views of each side of the handle. The picture of the right side of the handle (left picture) shows a beautiful grain pattern for something like a piece of furniture. But for a handle I think it is a poor choice (runout city).
Also, the light wood on the handle near the head (left photo) could just be sap wood, but looks punky to me. There is not enough resolution in the photo to magnify it for a better look. IIRC, punky spots on new handles has been reported before on this forum. I have had the experience of Hickory doing that faster than other wood types laying on the ground.
Bob