Oh, good.

The fact that it needs work may mean most will pass it over. That frame is VERY special. I see a couple nasty rust spots, but it no damage that looks structural. You can clean and ride, but you might actually consider sending it back to Mercian for a first class treatment. This baby is SPECIAL!!!

I wish I could buy it!

Keep us/me posted. Hope you win it! Do NOT bid until the last minute. Have you consider using Gixen or another bid snipe site?

Do it to win! http://www.gixen.com