It's a Grand Record, which is sculpted from that magic metal, Reynolds 531. I paid far less for my GR, but it is gold, not red & black. Another comp, a recently purchased similar vintage Raleigh Super Course, Reynolds 531 main triangle, cottered Stronglight crank, but Nuovo Record shifters, FD, RD, plus nice rims, and a crusty Brooks B17, was only $215. Not bought in metro NYC area, so maybe a 50% adjustment up in value to low $300s.