I wouldn't pay $1,500 for it. Wouldn't even pay $1,000 for it. I'm sure it's real purdy, but the fact of the matter stands, it's at best an $800 bike. That's completely restored man. I know, I know, it's a classic. That is all good and well but #$%*e man, $1,000 is steep for a bike from the 70's that needs work, no matter how cool it is.
P.S. I rode mine home 150 miles and got it for $400 and it "needed work" as well.