The wheels are in good condition; however, the rear wheel looks like it needs to be trued. Just has a wee bit of a wobble in it. One of the tires is brand new and the other is nearly new.
And I think I'll give the tubular tires a try - what do I have to lose? A tube of tire glue is only about $5. And I will certainly post pics of the bike once it's ready to hit the road. I love that it's all black with gold decals (Vanderbilt University colors!!). And that it would look good with my dark suit.