This picture reminds me of an old sway-backed horse standing happily in his pasture. I absolutely love the attempt to reinforce the frame with what looks like the remains of a wicker chair. This bike has story, attitude and charm. Is it still useful as a bike? Oh, I hope so.
With three days to go nobody has offered the opening bid of $100. The bike may be worth more than that but I find that for a bike that needs work you have to start lower.