Picked this up off Craigslist today, paid $175:
late 80's Falcon Competitor 105
Reynolds 531 butted tubes and matching 531 fork
full Shimano 105 groupset (incl. pedals and hubs)
Wolber rims
Sakae Custom stem and bars, w/ Falcon Cycles engraving
Zefal HPX frame pump included in sale
Seller told me that he was the second owner but rarely rode it, and first owner took excellent care of it., The bike shows like it; the paint and decals are in excellent condition, the Continental tires still have full tread and do not show any signs of dry rot. Besides being a little dusty/dirty the worst things that I could find were stiff toe clip straps that came off for the ride home and the handlebar tape has seen better days.
I am going to spend the winter tearing the bike down, thoroughly cleaning everything and rebuilding it. I think my biggest dilemma will be whether to replace the bar tape or try to preserve it and keep the bike completely original. And whether to replace the Biopace chainrings or not.