Rusty Bike Auction

After seeing another vintage bike go for $500+ on ebay, I spotted this rusty relic, supposedly a 1920's Schwinn. I'm just curious how high it will go........The seller states:

1920's Boys 28x 1 1/2" Schwinn? Bicycle, Even Though It Doesn't Have A Badge Or Any Paint Left, I'am Almost Certain This Is A Seldom Seen 1920's Schwinn Motorbike, It Needs To Be Restored But Will Be Worth The Effort, Having It's Original Tank and Carrier, This Was An Old Delivery Bike Used In Penns. For Many Years, Don't Miss This Rare Offering, The Buyer Pays $65 Fed Ex Ground Shipping In The US, This Is A No Reserve Auction So Bid To Own As always the bike should be greased and adjusted before riding. The tires are shot and the seat is worn.

Winning bid: US $255.01