Join Date: Apr 2006
Location: Gainesville/Tampa, FL
Bikes: Trek 1000, two mtbs and working on a fixie for commuting.
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All I can say is that my roommate got that exact frame in the same condition plus a seatpost (looks to be the same one too...), fork, headset, and saddle (all used) for $90.
The bike is steel and a pretty comfy ride, but I think its flexy compared to an older Bianchi road bike. From the looks of it, I will estimate the weight to be about 24-28 lbs based on the fact that my roommate's build with nicer parts is at 23.9 lbs.
That huge gears looks to be a Shimano Megarange (not stock or stock sized) and the dork disk looks to be behind it (wayy too small, hence I know the cassette is not stock). Megarange is a Shimano thing where they just have a huge gear to bail people out.
A dork disk is a plastic (vintagely steel or aluminum) round "thing" used to prevent the chain from coming off the cassette and into the spokes. In order to work the disc must be larger than the largest cog on the cassette.
I just want to note the $90 price I said above is not supposed to imply that $325 for the whole bike is under or over priced.