If you read the seller’s description without seeing the pictures there is no way you would buy this bike. That is to the seller’s credit. You know he’s not exaggerating the condition in any way.
However, looking at the pictures, you see a bike that can be saved. Truing the frame is the only thing I’m not sure I could fix, but it’s steel so it should be doable.
I love this picture. The conflict of the rusty old bike leaning against the shiny aluminum siding with both resting on the green green grass is just poetic.
With seven days to go nobody has bid. The opening is $99.99 and the buy-it-now is $350. Both seem rather high considering the condition.