As a guy who has had bikes repainted and even bought some that were to various degrees of effort, there is almost always a surprise hiding under the respray, of concern? Sometimes. This is why resprays in general are worth less. As an owner of bikes that needed respray, I document the frame before and when its bare, that way I can show the potential buyer what was and why. Also, for reference of proper transfer placement. This from my perspective is what I wish others would do and when I have sold frames does bring a better price upon resale.

From the starting bid, it looks like the seller wants to come out with no net gain or little for his investment. If he had images of the frame before paint that would make me open my wallet enough or more.