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@eupsychon
I always thought that something like this is possible, but never believed it would actually happen!
You may want to delete or hide this post for now. Not sure how you advertised the Bianchi in the first place, but if you used this site, the guy may be monitoring it for his next victims.
Avoid paying him through Paypal, as he may take the money and never turn up. Insist on paying cash and in person, hoping that he doesn't get weary. I wonder if he is even going to ship the bikes to the other two buyers? Paypal has his info. The critical point is to get your bike back to prove that he stole it. Definitively report the situation and serial to the police. It is your proof for anything that may happen. But as mentioned above, unfortunately, it is up to you to retrieve it. Until the law takes bike theft seriously, these punks will operate unabated.
Good luck man!