Actually, the guy that bought it WAS about 65 years old and he told me that he did have one as a teenager...you are right on...the good news...this guy had lots of money and really wanted that bike. I don't know about your theory on old steel bikes however. I know quite a few younger riders in their 20 and 30's that want to get into steel bikes lately. Kind of the hip thing to do? I know lots of even younger riders want old steel bikes to build into fixies.