Probably but it would take a long time to get to a flowering size bulb...

Worth trying, especially if the seed comes from some kind of cross between different varieties. As Moongrower says, it will take time, as most members of the lily family do. Some lilies will flower the same year from seed, others take three or so.
It depends how patient you are. I'm growing walnuts from the nuts and at 63 I will be very lucky if I ever get a large crop of walnuts from the trees! But I'm always an optimist.
Anyway, give it a go, you have nothing to lose by trying.

I agree you've nothing to lose by trying... we still sow seed of things we know will take years to come to flowering size.