Hi All,
I've been browsing CL for a road bike and am kinda shocked at the prices people asked. 5, 6, 7, 10 years old bikes are priced at 80-90% of the retail price. I don't know much about older bikes. So, is this a reasonable price for a 20 year old bike?

http://sfbay.craigslist.org/sfc/bik/3296756600.html