That is a titanium Eddy Merckx frame built for the Merckx company by Litespeed (I believe, someone may correct me if I am wrong) with some very nice components. I would say that it is worth about $1000, maybe more if you are in a larger market.

Here is a pretty good way to find out if the bike is your size:

http://www.competitivecyclist.com/za...LCULATOR_INTRO