I assume this is the bike. It does look to be in really good shape. It might be worth that depending on the market (if thats the type of thing someone was really looking for), but I don't think I would spend that much for it as a commuter. It seems more like a bike someone would pay for that liked/wanted a fun road bike from that era to ride.

http://austin.craigslist.org/bik/2257662721.html