With steel fenders, chainguard, seatpost, bars and a Sturmey Archer 3 speed hub, my guess would be closer to 33 than to 25 pounds. My Reynolds 531 Carlton with aluminum fenders, no chainguard, lightweight components and an aluminum-shelled SA 3 speed weighs over 25 pounds.

I'll bet that Waterford charged close to $1000 just for the paint, decals and striping.

I assume that EjustE is just trying to give us a laugh with his appraisals.