Join Date: Nov 2006
Location: NJ, NYC, LI
Bikes: 1940s Fothergill, 1959 Allegro Special, 1963? Claud Butler Olympic Sprint, Lambert 'Clubman', 1974 Fuji "the Ace", 1976 Holdsworth 650b conversion rando bike, 1983 Trek 720 tourer, 1984 Counterpoint Opus II, 1993 Basso Gap, 2010 Downtube 8h, and...
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I like option D. That is, if you don't want it for yourself or a friend, why not just sell it as is to someone who does? The kind of work you describe, for a full overhaul, is only worthwhile as a labor of love. Parting it out only makes sense if you have really pristine components (do your pedals have dust caps? If not, don't bother). The components are not high end and the only person who wants them is the guy with a Lambert that's been parted out. Even so you are likely to sell a few parts and end up with the rest of the bike.
If that doesn't suit you, option A isn't too bad, but when the buyer comes for the bike, give him dibs on the hubs.