Well, I like these bikes and paid nearly that for a bare frame(although mine is 531). The Campagnolo componates are not Croce d'Aune by any measure but rather earlier, less desireable but functional Thriompe. The rest is just common, reliable middle of the road stuff. Clean it up, take off the pie-plate and reflectors and you'll have a fine rider. I think if it fits you and you like the looks of it, then it's easily worth the money.