Then non-running project RGS Executive in the Iconic auction finally sold via a post auction offer for $5350 plus 7% buyers premium or $5725 USD total.
I’d guess based on experience that it may take $3-4K to dial it in mechanically and cosmetically if the new owner does the mechanical work himself. Tires plus mounting alone is $500 these days, paint repairs and wheel refinishing etc total maybe $2000. So call it $9K total or a little more needs to be invested to make this a nice bike. Personally, I think the sale price was fair.