Originally Posted by
oddjob2
Do you have actual knowledge that the high tensile bikes are being sold for the asking prices? That info would have to come from from the buyer and/or seller. Otherwise, you're just like the CL sellers who find a BBC ad on ebay and assume that is what the bike FMV should be, rather look at closed and sold transactions. For example, there is a local CL ad for a Centurion Ironman single speed for $950. Does that make it FMV? Obviously not.
Even ebay is subject to overstating, because I locally pick up bikes rather than pay $40-$100 shipping fees. The other day I bid and won a bike at $80, but upon inspection there were issues and we made the deal at $40. But the sale on ebay is reported at $80.
i ALWAYS refer to sold prices...not inflated wishes