Having in the past spent what I now consider to have been stupidly large amounts of money on bikes, I am heading to the other extreme. Hence my 1992 Sareacen TuffTrax Elite in Tange Double-butted. Even though the bike itself cost me only 45 quid, cables and brake blocks, new tyres, a rack and 'bags (the last two absolute bargains on th' 'bay) have taken the total to £85 (and that excludes the 'grds that I already had on the shelf!).
The frame is a bit scruffy externally, but was clean and dry as new inside, so I guess less than a ton is not bad going. The frame rides very nicely indeed. There's a possibility that I'll have a grand to splash in next month or so and I've spent hours looking at potential "one last really nice bike" buys. Can't find anything that looks to be worth anything like 10x the Tufty!