I don't think the starting price is too high, if i was into schwinns i'd gladly pay $225 for what looks like a pristine chrome bike with original asian parts and decals. the problem is : who needs 2 voyageurs and the shipping and hassle factor of selling off one bike is enough to scare most people away.
With a $1600 "buy it now" i'm thinking the reserve is probably $800 and so $400 per bike seems a little steep, $800 per bike is valuing these bikes at 80% of the value of a paramount 10 years earlier and 2 models better, and that is quite steep.
- Don