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@edscoble
it's TIG welded, with the same tubing as the bianchi/fuji (but made to reynold's specification, but netherless the same), £500 is defintely over the top for that frame, even if it is limited run, that much can get you a lovely custom-build mercian.
edit - I realise it's the whole bike, not just the frame, whoop! in that case it's defintely better than a Bianchi Pista in term of value.