What madness?
A bike,or anything else is worth what someone will pay for it, nothing more, and nothing less.
If another person doesn't think it's worth the price paid, well that's his opinion, and he is welcome to not bid, or buy it.
Some people on here, think that their word is the only truth. It isn't! It's just an opinion. Worth is subjective at best.
Whats worth something to me, may not be of any value to you. It works the other way as well.
I would ask that people stop acting like they know every thing about the value of bikes.
Very simply put, you don't! All you know, at the most, is what you think it would sell for in your area.
Or what you would pay for it.
All this saying it isn't worth this or that is very tiresome and silly!
(end rant)