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@pip
Are we talking road or track frame? If its a track frame then its easily worth a 100 quid, if its in good nick.
Bob Jackson make really decent frames (probably even more so back in the day) and always seem to have a good reputation (built Hetchins and Merlin frames for a while).
See http://www.bobjacksoncycles.co.uk - new frames are around 300 quid and up.