Joined: Jan 2008
Posts: 23,645
Likes: 1,109
From: Mans of NC & SW UT Desert
Bikes: 86 Katakura Silk, 87 Prologue X2, 88 Cimarron LE, 1975 Sekai 4000 Professional, 73 Paramount, plus more
+1 Only because you are in Portland, I would go with the strategy you have to give it a quick and cheap paint job. In any sane market, it would not be worth the effort. You are not in a sane market. In fact, I would paint it, then look for a donor bike and build it. Sounds like you have many of the parts already in hand. You might be able to sell it as a complete ready to ride bike for around $350 in Portland, even without any Peugeot decals.