Actually, the seller is using the bike's bad reputation as a selling point. In an effort to get an utterly ridiculous price for it. At least he's being honest - for all the wrong reasons.
Don't worry about it.
I'd love to have one of those, however I'd insist on the Lambert name on the frame - brings back some real bad memories from my bike shop days. And no, I wouldn't even come close to that asking price.
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Syke
“No one in this world, so far as I know — and I have searched the records for years, and employed agents to help me — has ever lost money by underestimating the intelligence of the great masses of the plain people. Nor has anyone ever lost public office thereby.”
H.L. Mencken, (1926)