I picked up a 1971 (judging by the first two digits of the serial number on the BB) Favorit ten-speed at an estate sale. It's a one-owner (now two) bike that is very complete with all the original Favorit labeled components. It's even my size!
I know from having done a little research that despite saying "Special" on the brakes and being a "Favorit" it is not really a special bike nor is it likely to end up being my favorite. But, it's cool, fits me, and is a good opportunity for me to get back into wrenching. For $35 I have no complaints.
At some point the handlebars were replaced with "comfort" bars, but I found the original drop bars in a trash bag by the garage door, and they appear to have the original handlebar tape on them. There is also a very cool period Velamos bell, Pletscher rack, and a French dynamo with headlight and taillight. It appears to be missing a Favorit-labeled pump (there are brazings on the underside of the top tube for mounting it) and it does not have fenders either. I have no idea where to find these.
I'm now in the process of completely disassembling the bike to clean, reassemble with new consumables (cables, housings, tires, and grease) and likely new headset bearings as the steering binds quite a bit--perhaps the reason it hung in the owner's garage for a couple of decades. I'm excited to get into wrenching on bikes again as I've spent most of the last few decades messing with cars and am now ready for something healthier and cheaper.
It says "Special" on the brakes, but research on the web, including several threads here, makes me think it may be a Rapido.
I can't seem to upload photos, but there is an album here: Favorit Special - 1971 Photos by kcrsnova | Photobucket