He has re-listed the bike, it is on currently and the bidding starts at $1200.00. The seller lists bicycles frequently and his paint jobs are very nice looking. Typically the bikes he offers have been refurbished with many modern and newer parts where the originals would have been difficult to find and expensive to restore to the level of his paint work. Considering the market value of the underlying bikes and the amount of skilled labor invested I don't think his bikes are overpriced but they are not accurate restorations so he may be missing one of the key markets that would be interested at that price level.