I do think they are usually pretty good bargains, but it's not uncommon around here to see someone asking $1000+ for a Zurich or a Poprad. Aside from those oddities, it seems to me that the value of these LeMonds is deflated by the fact that they are still in the old-but-not-vintage category. This is particularly true with the components. Like, who wants 5500-series 105 components? They may be functional, but they aren't sexy. And as discussed earlier, those skinny carbon forks can be less than confidence inspiring.

People also seem to not like the association with Trek. For whatever reason I feel like Trek-built LeMonds get looked down upon more than Trek-branded Treks. I suppose it's because of the more desirable pre-Trek LeMonds. And of course people who like Greg LeMond have a pretty legitimate reason not to like Trek.

IMO, the lower end LeMonds are just screaming deals if you want an old frame to build up with new components. For instance, there's a 2001 Nevada City in Seattle right now with an asking price of $350. If you look at this as a 16-year old bike with 16-year old Sora components $350 is nothing to get excited about, but if you look at it as a Reynolds 853 main triangle frame with decent wheels and a set of components you can strip and re-sell for $100 or so it becomes pretty attractive. I also happen to really like the 2001 Nevada City colors.