There is, in my opinion, nothing wrong with vintage French bicycles, when compared to other makers, from the same vintage. In fact, I think I prefer French bicycles to Italian, or English, or Japanese, but that is just me.

There are issues with French bicycle restoration or refurbishment, but none are insurmountable. The bike presented is, indeed, common but offers uncommonly good ride quality. It looks the vintage part, adding even more reason to projectize the bike.

I would not pay as much as is asked, but that is just me. Pay the asking price and be prepared to drop another couple of hundred dollars to get it roadworthy and safe to ride. That is for parts. If you have to hire someone to do the work, double the cost to build up.

In the end, you will come up with something like this clean old Peugeot UO8, found at the Dump a few years ago. It cleaned up well, and did not cost an arm and a leg, since everything was in good shape, "as found"...