there is nothing "rare" about an 87 Paramount like the bike in that auction. I have and 86 and 87, and you can look at the production numbers at Waterford's website. They are beautiful bikes- certainly a great ride, and very well built. I paid 300 for my 86 frame on ebay, and it was in near mint shape. The big hitters are the 60's and 70's Paramounts. The Japanese Paramounts didnt start showing up until around 89. Not as nice as a Waterford, but as a previous owner of one, they were pretty darn nice too. Nice 80's Paramounts with Campy Super Record could fetch around 700-800 if it was clean- I wouldnt pay more than 700 for the bike in the listing. 2k is simply foolish- You would be better off buying a used Waterford with modern Campy or Shimano parts for less.