Classic and Vintage Bicycles: What's it Worth? Appraisals and Inquiries - miyata 512 for 395

curious if this is mis-priced at 395:

Miyata Triple-Spline butted lugged and brazed frame (Dark Blue/White paint scheme)
Shimano 12-speed SIS indexed drivetrain with Light Action downtube shifters
Wolber GTA 700c rims laced to sealed Sansin hubs with Miyata Tecnova 700 x 25 tires
Shimano alloy crankset with 52/42 alloy chainrings and Tange sealed bottom bracket
MKS alloy pedals
Shimano alloy caliper brakes with Aero SLR brake levers(white hoods)
Selle Italia Mundialita saddle on Strong 230mm seatpost
Sakae Signature alloy handlebar and Custom "M" Miyata forged ally stem with white bar tape

There is another thread on this same bike.

there sure is

Actually not the same bike but a case of 'small world':

On Chicago CL this morning:

http://chicago.craigslist.org/chc/bik/1402782933.html

in any case 395 is too high unless it's a stunner and lightly used. Speaking for myself, I would need to be convinced by seeing it up close to determine that it had VERY low miles, few scuffs & scratches and then I would consider paying 250 if I had already rid myself of a few bikes.

250 is stringent for this bike with VERY low miles, but still in the right range. 395 is way on the high side, but I think not out of bounds if the bike is in very good, barely ridden condition. Remember, folks pay a lot more for new surlys with similar componentry (maybe a few more speeds, but also more built in obsolescence in today's components). I think vintage bikes will continue to increase in value as people realize how well made they were.

I bought it, for that price, it is indeed very "new", former owner said they bought it as NOS from a bike store for 400 and put about ~20 miles on it. I sat on it and it felt like the right size, but it was raining outside and didn't have a chance to ride it around. Well later that night I did and the damn thing is actually the same size as the too small bike I was trying to replace! (Wife rolls eyes). Maybe it was that I was wearing my winter boots with big soles. Maybe it's the angle of the seat post, it "feels" larger than my gunnar roadie (which I thought had a 52cm tt). But the tt and st on both seem to be the exact same lengths (54cm). I'm probably mis-measuring. Maybe if I stick a longer stem and wider bars, the fit will be better.

I'll give you $50 for it. ;)

Okay, sorry about that. It did look extremely clean in those photos, so in the event you can't make it work for yourself, maybe you can sell it for at least close to what you paid. But hopefully it won't come to that; after all you're in the Cult of Miyata now!

$395 is outrageously high.

A 512 would go for $225-250 in Tampa.....on a very, very good day.