Deception

http://richmond.craigslist.org/bik/3809811831.html

1970 atala giro d.italia hand made in italy - $199 (Chester va)

 Presented for sale without much comment.  My initial impression was really positive, I knew Atala made some high end bikes and assumed that they wouldn't bother to put such elaborate lugs on their low end models.  But when you're looking at vintage bikes make sure you're seeing everything.  For example, the cottered cranks and giant pie plate. 
A little research turns up the 1970 catalog.  This model was bottom of the line Hi Tensile steel.  They basically made two tiers of bikes, the top tier was all campy and columbus, and the bottom tier were unspecified cottered cranks and simplex prestige drive trains.  Prestige was Simplex' experiment with all plastic parts in the mid 60's that did not go well. 
I dont have anything against Hi Ten frames, the extra weight can be negligible, but for $200 you should expect cro mo.  It's a great looking bike, a cheap bike that looks expensive, unfortunately ruined by the price tag.  At $125 or less it would have nothing but potential, swapping out the cheap components or stripping it down for, god help me, fixed gear. 
One pet peeve, why does anyone list their bikes without the size?