http://cgi.ebay.com/Blue-Fuji-S12-S-...QQcmdZViewItem

This one just went for $221 + $60 shipping, which would suggest $100 for bike sans wheels is ok. Looked like a nice bike, but nothing special. OTOH, two other recent S12-S auctions went for much, much less, like $100 AND $55, but were pickup only, which tends to really supress a bike's ebay value.