the bike is a 1987 Campione de Italia. depending on market and how much someone wants it it could be worth $300 or more. if your friend got it for short money no sense in trying to make it into a retirement nest egg. list it in the forsale threads here for $200 plus shipping and you may make someone very happy. or put it on ebay the same way. if he paid $30 bucks make that the starting price.
I am not a big Modolo brake fan but those '87 were pretty nice bikes. Columbus tubing, Suntour Cyclone and that Campi clone crank.
__________________
“One morning you wake up, the girl is gone, the bikes are gone, all that's left behind is a pair of old tires and a tube of tubular glue, all squeezed out"
Sugar "Kane" Kowalczyk