Ouch!

Yep, Ringo sent me a link to that one.

Something bad has happened to that bike in the past, hopefully with nobody on it.

It made me a little sad though.
 
It looks repairable. Dave Yates quotes from £110 and £100 for new seat and top tubes.
For £400 you could have a beaut DaKerf. :D
 
I think this is going to go for more than you'd expect. I put a couple of bids on it but it is now over £35 so out of bargain territory once you add the repairs.
 
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