Classic and Vintage Bicycles: What's it Worth? Appraisals and Inquiries - 1985 Trek 760 - What is it worth?

I have a 1985 Trek 760 with Campy parts, including a Campy Omega rear wheel (Matrix front). Same deep red as in original Trek brochure with fleck paint. 58 cm reynolds 531c double butted tubing. In really good shape, a couple of surface rust spots and the usual wear and tear you would expect for a 26 year old bike. I would appreciate some input on pricing....have seen $500 to $750, so I posted it in the middle for $625.....am I on the right "trek" with pricing? Pictures attached too for those that are interested.
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Needs some TLC first. Bar tape, new brake housings, new lever hoods, lower the saddle, thorough cleanup and polish, closeups of rust spots?? Wheels don't match, I think the price is high. Where are you selling it (location, method, etc)?

Depending on your market, $625 buys a lot of bike in the vintage market.

One in a desirable size but needing some TLC just sold for $300 on ebay. Another nicer one just sold on Chicago C/L for $450.

wrk101....thanks for the input. I am in Milwaukee, WI and posted it on Clist. If that doesn't work, I was going to put it on Ebay. I had seen some postings indicating a value over $500 and another similar one being offered for sale at $750. Obviously "sold" prices are more indicative of value than asking prices so I really appreciate the comparable sales and will check them out.

I just drove through your area from brother's place in Charlotte over to middle TN (folks retired to Waynesville, NC but unfortunately moved west). Beautiful area!

I once saw a 760 frame go for $450, so I don't think $625 is all that unreasonable for an excellent road ready example.
Apart from a Full 531 Frame and fork, these came with a Suntour Superbe Pro Group, and a lot of people will pay exorbitant prices for those by themselves.

I would say no more than $400 to $450 because I believe that it was around $800 new and it is not all original. Not saying that you might not get more, it happens. Ebay is probably the best bet if you are hoping to do better.

I'm in Milwaukee, I saw that bike on craigslist, and I wanted to buy it. I've been wanting a racing bike from that era to go with my '84 Trek tourer. But I don't have the money right now, so I had to hide my wallet.

I think $625 is a little high for the MKE market, would probably go for $450-500. Not sure ebay would get you much more, but it does look like it's in great condition and there aren't a lot of those frames around. If you ebay, set a reserve - a friend tried selling a bike and it sold for about half of what Craigslist would have brought in. Not really a good deal.

If you can't find a seller but need it moved, you could get a tax write-off by donating it to the Milwaukee Bicycle Collective (http://bikecollective.org), I volunteer there. It's an all-volunteer, non-profit public bike shop focused on getting more people on bikes and teaching people to fix their bikes. We find good homes and happy riders for all the bikes we take in.

I agree price is high. Not 100% original and shows some wear. Midwest market just doesn't match the coasts. Out here in the sticks thats a $200 bike. I would expect $350 in madison or Milwaukee and $450 if properly refurbished. (two years ago I picked up an all originial 1985 trek 670 for $50 and would be lucky to get $150 in central WI).