Cheers dude, good price?
That's a super tough one to answer, as after a quick bit of googling, I couldn't find another one that's been up for sale anytime recently.
I suppose you could take the view, that because they don't seem to come up very often that the price is probably about right, but it's no doubt very much an emotional purchase and I guess it depends on how much you want it!
If you scan the seller's other auctions that have ended recently, they seem to have quite a bit of bike stuff from all era's - and they do take offers, so I'd defo be putting in offer to drop the price a bit. Why not start with £160 and see where you go? (if you actually want it of course!).
Rossin Concept MTB 1990 - Full XTR M900
Litespeed Ocoee Titanium MTB 1992 - Grafton / Bullseye / Syncros / XTR
LeMond Z Team Issue SLX 1991 - Full Corsa Record / Sigma
LeMond GAN Team Issue GLX 1993 - Full Dura Ace (7400)