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lt-
Not to overall pile on here, but I had the same thought when I saw the ad.
The market has been absolutely mad the past few years, so it doesn't suprise me to see pomps getting strong money; however, £500, given the condition of the frame and the build it has, seems wildly optimistic, even in these strange times.
JalopyVeloist
Being honest, the asking price is about double the actual value. But GLWS