As I was in Brighton today (racing at the excellent Big Dog), I arranged to go and take a look at this before heading off.
It was amazing to see one in the flesh, and the lady selling it is absolutely lovely.
It looks like she's going to be putting this on eBay rather than a straight sale, as she's been blown away by the interest in it and really doesn't know what to ask for it.
So, to the bike...the frame and forks look largely sound. There are some scratches and scrapes, but nothing I'd be worried about.
However, there is a large area of surface corrosion that's bubbling through the paintwork.
This is at the junction where the tube below the top tube meets with the diagonal down tube, that goes to the BB. It's really hard to say what is going on underneath the paint. It may just be lifting, or the tube could be rotting.
It's on the upper surface, which may be good news.
I suggested to Lulu that it may be worth getting this looked at by a frame builder, or simply remove a small area of the paint, if she wants to get top money for this.
I have some pics, but the b&b I'm in in Dover has very poor wireless!
I'm deffo interested in this, and will be taking a keen interest in the auction.
I expect it'll end up too rich for me though, so thought this info could be useful to others on here