Finally cleaned, but not detailed. The darn dry grease crust was extra hard; it fought for every inch of the bike. Chain ended up being scraped link by link. But worth the effort as it was the original Regina chain. I still need to overhaul hubs, headset, bottom bracket, and pedals; nothing does more damage to bearings than running them dry.

but dry I ran them! Well for about half a mile to get a feel of the bike. It rides extremely well, a nice road feel, I thought it would be harsher with them skinny tires but I only inflated them to 80PSI. It did not have that instant-acceleration feeling modern road bike have but it has that steel feeling that just makes me happy. The only issue is that the brake levers are low, accessible mostly from the drops. I need to bring them up to my liking.

Once I get the chance to overhaul bearings all around I'll take it out for a proper spin.

Does anybody wants to take a guess at valuation? I'm more familiar with Japanese steel.