Joined: Jan 2008
Posts: 23,639
Likes: 1,106
From: Mans of NC & SW UT Desert
Bikes: 86 Katakura Silk, 87 Prologue X2, 88 Cimarron LE, 1975 Sekai 4000 Professional, 73 Paramount, plus more
If it was clean and straight, I would say his price is OK. Given condition (poor), he should start at $50 or less.
As far as finding a clean one for $10, congratulations. Bike should be worth $150 to $200 in ready to ride clean condition.