Could possibly be a World-Class Ti BB I think they were called. Then again might be something else completely.. Funny I've got a splatter Kona CinderCone with a Royce sticker and that didn't have one fitted either. Kona owners must have had a Royce fetish or something.
Indeed they did, good memory skills there! That looks like one of said decals.
I'm also 99% certain that's a Shimano BB, maybe a UN72 as it has the nice shiny steel axle as opposed to the darker grey.
The price is still too spendy though IMO. I have owned three of these and the most I have paid for one is a tenner for a frame. The last F+F (also with a stuck post) I scored FOC from a skip at a venue I worked at, so maybe I'm just a bit out on current pricing
The bb could be anything, the seller obviously doesn't know what it is either.
As for price, in good condition, nothing stuck, I would say under £100 for the f+f. For the asking price I would expect a full original spec working bike, taking into account it is only the FM.