You lost me. The title is frameset in rough shape, the link is to a complete bike in pretty decent shape, that is already at $260. If you are buying it as a donor bike? Don't. Its already close to full value, and it has some oddball parts on it.

I would consider the bike in that auction to have a pretty decent frameset, that I would never consider repainting.

Want something to practice painting on? Hit a garage sale or thrift store, pick up some total POC bike for $20, and spray away.

Finding $20 bikes at garage sales or thrift stores is easy, I see them all the time. My local GW has about 10 of them right now. The challenge is finding a DECENT bike at a garage sale or thrift store. That is much more difficult. For practice, I would just buy a POC, take it apart, paint it, and redonate it back.

Respraying nicer vintage bikes is a great way to spend serious money and destroy value. Paint needs to be pretty bad for it to make any sense. The choice is yours.