Originally Posted by
trelhak
If it's been for sale for over a year, then it's clearly over-priced. The bike itself is desirable. The market, though, is clearly pointing out that the price is too high.
(That, and the seller is probably a turd who refuses to negotiate on price. In cases like this, I often find that the seller bought a 'vintage' bike at a too-high price thinking the market would still rise, now he or she is trying to preserve even just a little profit.)
I can't say i really agree with this. The bike has actually been at 750 until very recently. Whether or not the "local craigslist market" accepts the price, i think we can say that the true value, considering the components, and high end frame, could easily be 650.
If a bike's value is simply what people are willing to pay, then nobody would ever buy an over priced, or underpriced bike. He could probably strip it of all the campy, make it a fixed gear and sell it for 600. But i don't think the value would right.