In the U.S. during the early 1970s "Bike Boom", a very race-worthy Peugeot PX-10 or Gitane Tour de France could be purchased for around $250. That was still a lot of money back then, but still well within reach of those who got bit by the cycling bug and were ready to graduate from their entry-level 10-speeds. You didn't have to be wealthy to race - although more money helped buy extra wheels and tires, put gas in the van (to get to races), pay entry fees and bought beer after the race (for celebrating or drowning sorrows).