$200 is not too much. But it probably has not stopped going up.
FWIW: There's another one on ebay, looks to be similar size, great condition, complete with matching wheels, $275, BIN $325, and $20 shipping (WTF?). The matching wheels are a big plus, as they will have the rare white Cyclone hubs.
Personally, if I am ready to pay $200, I would spend the extra and get the complete bike instead: matching wheels, cassette, tires, tubes, well worth the additional amount. You could spend some time and $$ later trying to round up those white Cyclone wheels.
Now $285 to $345 is not cheap for sure, depending on your market, it could be OK. Figure its pretty close to a Schwinn Tempo, with a nice rare group on it. And if it a bike you really want, I would go for it.
Look at it another way; say the entire group was for sale, including wheels. It might bring $200, possibly more. Very rare group, nice Cyclone build quality. There is a guy trying to sell a group on ebay right now, for $175. He won't get it. But look what is missing: no brake levers, no bb, no crank bolt covers, no headset, no wheels!!! That's a lot of missing stuff!
Then say the frameset was for sale: nice Schwinn Tenax, nice paint, etc. That might bring $150, plus shipping. So if it is EXACTLY what you want, here's a way to get them all at once, which is very convenient. And one risk in buying a group is that the seller omits a part. Example, I recently bought an Ole bike complete. Not only did it have Ole pedals, but it had handlebars with white coating to match the Ole stem. Had I bought it piecemeal, some parts would certainly have been MIA: Ole headset, Ole BB are two more examples. So I paid extra for the complete parts just to get it all in one place. I had been trying to accumulate an Ole group, piece by piece, over the last two years. So far, I had gotten a stem, RD, FD and levers. I had a long, long way to go. I finally figured out I was better off just finding a complete Ole bike instead.
As this auction continues, the BIN bike is going to be the better deal, and I would suggest is already the better deal (if it is the right size). Fortunately, its not my size...(As I talk myself into it. Lets see, a round trip to Greensboro, I'm crazy about the obscure Suntour groups, etc.). Heck, the Ole bike I picked up was not my size..
Last edited by wrk101; 12-15-12 at 08:10 AM.