How do you figure that? Take another look at the shot of the seat tube and top tube. Also, The head set and front derailleur have some serious pitting, unless it's just my monitor. Those chainrings show some wear too...

$900 is absolutely too high..... No way that thing would fetch more than $500 here in Denver, as it sits anyways. The sad truth is probably that it's worth more parted out from a monetary/flip point of view. A lot of guys would love to have the panto'd parts. I'm guessing it's a flip from the p*ss-poor cleaning job somebody did. It's very pretty, but very overpriced for a filthy bike with numerous paint chips. But, to each his own.....

I would want to repaint that beauty if she were mine......The paint has numerous chips in the top tube and seat tube and I'm surprised the seller didn't feel it was necessary to clean the bike up for nearly a grand.....