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@yoav
If you are simply after a frame to use as a fixie then you can buy a new one for a lot less. Hell, you can buy an entire bike for £500.
If you are after a classic frame to build up then that still sounds a bit much. Ciocc are nice but nothing special compared to the myriad of other Italian builders. I have a classic Colnago that cost me £500 by the time I bought it and had it resprayed etc. It is worth that to me but I don't reckon it's worth that if I come to sell.