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You can get the frame set including bar/stem combo for under $100 here https://www.bicyclesdeals.com/pinarello-dogma-f-disc-2023-myway-borealis-frameset/ , £3k groupset and £2k wheels so guessing most of the cost is labour
Big_Ted
johnnettles2
souldoubt
Stoo61
Why does it cost £12.5k ?
Hand made in Italy or China?
I can’t afford it but am genuinely interested in why that retails @ £12.5k ...