We picked the bike up last night. The seller accepted my offer of $125. I'm not so sure it's a Chinese market bike after all. It does have some small labels on it with Chinese writing, but it also has a label with an American flag on it - something to the affect of "Engineered in the USA". I'm not sure they would put that on the Chinese market version.

It rides and stops very well and he's happy with it.

Thanks all.