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@2wheelsgood
I don't know, VanUden.. like I said no experience but it does seem rather tatty and a helluva lodda money for it.
I'm guessing it's fairly heavy and in need of a re-spray anyway.. crickey it's not going to be easy to make one on the cheap.
There seems to be quite a bit of demand for frames with geometry and dropouts useful for fixed gear.. or it's a trendy thing now and people with old road bikes are cashing in. So many ebay geared bikes have a little comment such as "ideal for fixie/singlespeed conversion"