Hilary,
Nice attempt at justifying the very high price of the Peugeot on Ebay but you will never convince me that this bike can hold a candle to the Gillott you had up for auction and which didn't attract an offer of much more.
If this Peugeot, a mass produced bike (although I stand to be corrected), is worth that sum, your Gillott is a bargain at twice that.
The world is a mad place and getting madder by the day!
Bruce "Just because it's French doesn't make it good" Robbins