I'd agree with Johnny O.
Mine is mechanially good (not perfect) and cosmetically a lot less-good than this one of Dave's. I paid $2300 for mine ~12 months back, and most people seemed to think that it was a fair price.
(Personally, I thought that I paid too much, but I just didn't care).
The range of values between a reasonable, complete bike (like mine), through to an immaculate one, seems quite narrow - so even an apparently good one like this one, is quite unlikely to sell for anything much above $3.5k. I'll be VERY surprised if it gets up near $5k.
I've never quite figured out what's supposed to happen if you're prepared to pay the reserve, but nobody bids against you to push the bidding up to the reserve.
You looking for a bike to ride/race, or a Garage Queen, Walter?