Valuing a bike: am I being fleeced? !

Hi all,

New to everything-bikes. want to start learning- but dont want to cock up spending too much.

what is the value of this bike?

BIANCHI REKORD 841 ROAD / RACING BIKE IN GREAT CONDITION
BIANCHI TT 58 CM / 23 INCH LIGHT FRAME
CAMPAGNOLO FRONT MECHANISM
SHIMANO LIGHT ACTION REAR MECH
BRAND NEW 25 MM RUBENA TIRES
AMBROSIO SUPER ELITE 19MM RIM WHEELS
OFMEGA CHAINSET
14 SPEED
RUNS VERY SMOOTH
MATCHING, CELESTE GREEN BIANCHI SEAT, HANDLEBAR TAPE AND CABLES
PROFESSIONALLY SERVICED BY A BIKE MECHANIC

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£40-£50 maybe?

Dibs the RUNS VERY SMOOTH , if you split.

£349

But seriously, I think it is a little overpriced: http://www.gumtree.com/p/bicycles/very-light-bianchi-road-racing-bike-58-cm-frame-new-tires-campagnolo-gear-excellent-condition/112391266

Perhaps £150-£200ish is a bit more reasonable?

Funnily enough, the ad has been taken down.

ha!

it's worth what someone will pay for it, and people will pay more for celeste bianchis than perhaps they ought to.

thanks all!

Car Boot £50
Newpaper Ad £100
Gumtree & internet classifieds £160-200
Ebay £200
A Shop selling trendy classic bikes. £250-£300

None of these is a rip off in context. But £350 on Gumtree is pushing it.

That really is top end. You'd be looking at 175-250 with what is quite low spec components.

mid-range frame so this above is about right (£175-250).