I hope to take advantage of the collective wisdom here in the C&V forum.
I was talking to the LBS on the phone on Wednesday, and he told me there was a bike listed on Craigslist that I should buy, that if I didn't want it, he'd buy it from me. With at least three other projects out in the garage, I wasn't too anxious to get one more, but figured I'd do it just in case it was a real jewel. The assurance that he would buy it made me a little more careless than I probably should have been otherwise.
It's a potentially nice bike, but obviously has been owned by someone who didn't take very good care of it. It has all early Shimano 105 components, DT shifters, and even has a non-working Campy pump. I don't think the chain has ever been lubed, and the bike has obviously received some rough handling and neglect over the years. There are lots of bad paint chips and scrapes, and there is some rust, although it appears to be just on the surface where metal has been exposed. The worst rust is at the top of the seat tube. I don't see any dents, and it all appears to be straight. I have not begun taking it apart yet, but was able to loosen the stem, so at least know I'll be able to get it out.....always a concern on older bikes.
I took a boatload of photos and showed them to my friend at the LBS, and he more or less let me know it was going to be my problem. He based his initial enthusiasm on a poor-quality craigslist photo, and was thinking he could just clean it up and flip it. It's going to take a lot more work than that, and that brings me to my question.....
Paint or not? If I do paint it (or have it painted) should I go with the current color----pearl white? Since it will no longer be original, should I just paint it in a color that I like (like red, for example)? Should I sell off the components? Or should I just clean up the rust as best I can and ride a bike that looks like it has the measles?
I know there is no way I'll make out financially, especially if I have it professionally repainted, but I do like the bike, and the frame was built by Colnago, so it's definitely not junk at its heart.
I'll post photos when I get to my other computer.
Thanks for your thoughts. I respect the level of knowledge in this crowd.