I suppose the bidders actually knew what they were bidding on.

As opposed to those who seem to think it's some gaspipe "Electrofusion Welded" variant of the Varsity.

See http://www.sheldonbrown.com/schwinn-braze.html

OTOH if Ollo really has been finding high quality, fillet brazed 4130, framed Superiors, Super Sports and Sport tourers for $10-$25 I'd love to know where.