I was tempted to buy a Schwinn something-or-other that was marked down to $450. I was about to pull the trigger on it when I started to notice the welds on it. Really ugly.
For $350 on ebay I got a 1960's Viking, 531 frame and full Campy components, and an Ideale saddle to boot. Its like a work of art in comparison. Classic English 40/32 spoked wheels. If I tried to buy a comparable new lugged frame I would be out $1000 or more.
I'll save my pennies and stick with vintage steel.