while not a great value in that condition, or even in good condition it looks like a bike that a paint job, new seat and some elbow grease and maybe replace the rusty cranks and chain rings would make into a good bike to ride. I'm sure I am not the only one here who likes to fix things up that are a mess. I do the same thing with old furniture. last dresser I did was in the dirt on a 3 walled building on a pig farm and it looked like it. 10 paint jobs, assorted screws stuck in it to hold it together. it was a mess and I made it pretty. just for fun.