I've been looking at a 1963 Peugeot PX-8 as a keeper, not a flipper. The bike is a touch on the small side for me, normally I ride a 59 and this is a 57. The rear Soubitez lens is broken and I can't find any info on $$ to replace.
The seller seems to be playing with the price because it's currently on eBay for $600 with a $100 discount for local pickup (which I can do, no problem). The bike was also on Craig's List for $550. Given that, I figured the real price was $500 and I was comfortable around $425 - $450. All of a sudden, now that I've expressed an interest in the bike, the C/L price is $625. So, two questions...
1) Instinct says walk away because of the size and the price issues. Lack of experience makes me ask: What is the bike worth? Am I too low; the seller too high?
2) The bike is currently set up with original drops. I've seen pics on the 'tubes, though, with this bike set up in a porteur style. Given that what I'd really like is a Hufnagel porteur, but don't have the extra $6600 lying around to drop on that, would it be a crime against humanity to convert this bike over to a porteur?