I bought a 1981 716 on the bidding site about 6 months ago. I looked for quite some time to find a 700 series that wasn't a 720. Shimano 600 Arabesque group with Sugino crank. 700c wheels upgraded I am thinking to newer 105 hubs with DB spokes. VGC frame save for missing a seat tube decal and just some cleaning needed on the components. It was my size, I wanted it and paid south of $400.
I sold off all but the front wheel and put a modern 10 speed 105 group on it, except for a Chorus crank. Absolutely love it with some 32 tires on to roll on nasty pavement. Golden Boy and I are on the same page. I would have paid $400. The value was in the frame pretty much.