At €340, the obvious alternative is a later Japanese receiver, but the Telefunken TR 1200 is priced toward the top of its used market rather than being a bargain. Working examples appear around €149–€300, with some asking closer to €350, so €340 is fair only if “excellent” means genuinely clean, fully tested, and complete.
It is a substantial late-1970s receiver with a strong 2 × 60 W amplifier, an unusually capable tuner, multiple wavebands, three speaker outputs, extensive inputs, and a distinctive, relatively uncommon design. Contemporary testing praised its low distortion, channel separation, sensitivity, and FM performance, which explains its enthusiast appeal. At this money, insist on demonstrated stereo operation, quiet controls and switches, accurate tuning, functioning preset sensors, and no missing knobs or cover; otherwise, negotiate toward €250–€280.
Independent perspective — not a price guarantee. Always verify condition, accessories and provenance before purchase.