I thought the video was hilarious, and pretty creative. Would I buy I bike from the guy - no way (I agree that the bike should be complete, *with* air in the tires and cotter pins fixed), but the secret in selling something is to stand out from the crowd and he does it in spades.....
And the auction starts at $50 - not outrageous for a 100% (make that 99.8%) original MIX-TEE Peugeot....