Isn't there a thread or two on flipping bikes? I'd;d say most C&Vers have flipped a bike or two.
Just sayin.
I have done so myself. I usually put time and money (parts) into them. I even made a little on this particular bike. Somewhere way back in the catch of the day thread you will see this very machine and it's backstory.
Not debating that it's his property and he can do what he wants with it.