Originally Posted by
RiddleOfSteel
I see that as a distinct possibility as well. The paper/wrapping around the front of the top tube looks like it could be obscuring a slight bend as well. For $200, it's worth at least asking a question. Assuming it's straight and not too rusty, say, on the inside, it's a great candidate for a powder coat--chrome looks toast, so no loss there. Otherwise, leave as is and make it a killer theft-proof daily rider.
The wrapping is whats left of the brake hoods pulled down the cables, why wouldn't you just take them off.