I stumbled across an Ovation Classical today. 1624-4. Pretty banged up, needs some TLC but all stuff I can deal with. Anybody care to fire out a value estimate. Obviously a SWAG w/o pics but fire anyway.
The 2012 Guide calls this more of a folk, nylon string guitar, with a thinner steel string sized neck, rather than the wider classical neck.
It gives a value for one in good condition of $350-400.
If its in rough shape, as you say, I would say to keep it under $200.
If you want a true(r) classical, I'd recommend a Guild Mark II, which are plentiful in the $350 range.