i was poking around the bike shops near the in-laws...hiding in the back of one shop was a cool looking lugged frame. It is a Lambert, with the original Death Fork. It seems to be in pretty good condition. The red paint is very worn, the rear de shifts smoothly (front not so much), and the hubs seem to be in great condition. The front chainwheel looks to be a solid chunk-o metal. Rims are old mavics...they seema bit tired. It has bar-end shifters, and quick release skewers.

I know the BB is oddball but can be adapted (by a frame builder) to take italian bb's. Am I going to run into any terrible trouble with the other parts?

I was thinking that it would be great to restore this (with a non-lethal fork), but I'm not sure how to handle the worn-out stickers. The other option is to just say screw it, remove all stickers, and try a new paint job.

I would be riding this every day (8 miles total), and occasionally on longer rides.

The owner of the shop is asking $125, which is what I expected. Thoughts?