Any ideas what this is?

Re:

The lug were available buy as a complete set going all the way back to the 60s.. I think it's fair say that it must have been a reasonable quality frame to do that.
 
Re:

Hopefully someone from here got a bargain then?

Looked like a drillium chainset as well, though hard to tell from the photos what sort of quality it is.

It surprises me how little some stuff goes for at the physical auctions vs eBay. It does take a little more work to find and fetch but I’ve certainly had my fair share of daft bids I’ve left end up winning the lot.
 
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