Funnily enough, it reminded me of Toots Zynsky's work just a little bit too!
A piece like the one you showed sold at Bonham's in May '09 for £10,800. There's one in the V&A in London.
As you said, far, far more complex!
For this piece, I'd agree, the canes must have been fused together first, then the whole thing slumped. The fusing would happen at a higher temperature than the slumping.