Not necessarily... and it was not an "appraisal", just my opinion of its "value" (to me who I don't see that bicycle as practical today) but I am sure that someone might be willing to pay $1000 for this frame to have it sit behind glass and look at it. Who knows? Value is relative and in the eye of the beholder. In my eye its crazily-priced

This particular frame is not Waterford-painted (it is "restored") and in 2009 $1000 can buy about 10 frames (instead of this one) each more appropriate for use than this one. It does have collective value, but not much use value. Take the "Paramount" sticky off and it changes a whole bunch of things.