Bicycle Mechanics - Where does NOS come from?
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05-11-08, 02:40 PM
Where does NOS come from? I'm always seeing 20-30 yr old campy stuff on ebay thats apparently new. Were the 70s/80s a good time for hoarding fancy bike parts. I just find it hard to believe that bike shops couldn't find some opportunity in say, 1987, to sell that brand "new" derailleur sitting in the back.
Similarly, what parts should I begin stashing in my basement for 2030?
05-11-08, 02:56 PM
New Old Stock.
It refers to parts that are no longer manufactured but are unused and in the original packaging.
"New Old Stock"
I guess they just kept them, thinking they would be valuable or more likey stored them and forgot about them. I hear on here all the time about old shops' "back rooms" and the vintage stuff they have.
I would say start stockpiling high-end components for 2030, and keep them boxed.
edit: was beaten to the "new old stock"
05-11-08, 02:59 PM
Old parts supplier or old unsold inventory from mom & pop type shops.
Its more of an example of someone having stuff lay around for years, rather than purposely hording OEM parts in hope of future financial windfall. IMO, it is too difficult to predict which parts will grow in value. And while you are waiting, your money is tied up, earning zero. As an investment, you are better off with a low cost mutual fund.
Some of us do accumulate OEM parts that become NOS as they sit around. I still have parts for motorcycles for example that I have not had the bike in ten years. Its just a matter of poor housekeeping in my workshop, rather than some preplanned investment scheme. I have sold many of these parts as NOS on ebay over the last few years, still have more to go.
05-11-08, 05:30 PM
Old parts supplier .
Yep. I used to work at Euro-Asia Imports back in the late '80's. Even then, they had 10-year-old inventory in odd corners: Regina freewheels and chains, Nuovo Record & Gran Sport hubs, lots of odd small parts. The owner refused to sell the stuff at lower prices to clear it out- I think he expected to turn a profit on it eventually, even counting storing it for decades. The last time I visited (a couple years ago) some of it was still there.
Until the world market on eBay, there was not an easy way to get rid of stuff that didn't sell locally unless you travelled to swaps and shows or bought advertising in trader magazines. I predict there will be less "NOS" available from retailers as inventory control methods and internet sales make clearance easier and more thorough.
Mechanical "hardware" retailers seem more prone to this phenomenon than do apparel or appliance or other kinds of retail businesses. Part of it is rationalizing that it will sell eventually since it won't go out of style and someone will eventually come looking for a replacement part.
05-11-08, 06:31 PM
It can be deliberate too.
I've become concerned about the unavailability of certain better quality components after a period of time. I've got two bikes, for example, that have Ultegra 9-speed components. I have no interest in converting either of them to 10-speed and I'm concerned about what to do if I ever have to replace an Ultegra brifter. My solution was to buy a pair of Ultegra brifters to keep until I need them.
Its just a matter of poor housekeeping in my workshop, rather than some preplanned investment scheme. ...
+!. I have plenty of small plumbing/electrical items (still in original pacakaging) that I "intended" to take back to Home Despot.
05-11-08, 08:56 PM
It seems to take about 15-20 years for outdated junk to become collectible vintage.
An old shop I used to work at had tons of 80s BMX stuff - green and orange chainrings, gold anodized brakesets, Kashimax saddles, Mushroom grips, etc. Couldn't give that stuff away in the 90s, but now people will pay ridiculous prices for it. Wonder if my boss hung on to any of it. He's probably kicking himself if he didn't.
05-11-08, 11:03 PM
Similarly, what parts should I begin stashing in my basement for 2030?
High-quality Shimano 7 speed mountain bike components are becoming rarer and more valuable, especially early LX and XT shifters. From an investing perspective, they're not particularly great assets. They have good sentimental and novelty value, though. Thumbies!
05-11-08, 11:29 PM
Its more of an example of someone having stuff lay around for years,
rather than purposely hording OEM parts in hope of future financial windfall.
Those are the guys and the shops who still have an entire room full of NOS Campagnolo because they ask more for it then the same parts bring on eBay. :lol:
05-11-08, 11:54 PM
Where does NOS come from? We have a shop in our town that sells only parts, no complet bikes. The owner has purchased the remains of 30+ LBS failures. Almost everything the shop has is NOS. Bought a NOS 1988 Schwinn frame there. If you need a couple of pallets of pink platform pedals ...............
Before scambay as a way to ditch old stuff, LBS's just had to sit on the inventory until someone showed up needing that exact item.
05-12-08, 08:29 AM
There's a lot of NOS parts for older cars too. Ford, Chevy, Dodge, etc...
05-12-08, 08:41 AM
I think the rapid advance of technology in bicycles since the mid-80's created a lot of NOS. Everyone wanted the best, and the best changed every year, so anyone holding a lot of inventory ended up with stuff that didn't move fast.
You want an NOS Studebaker 169ci flathead 6-cylinder short block? They have them at SASCO in South Bend. We bought one a couple of years ago.
J T CUNNINGHAM
05-12-08, 09:40 AM
1962 GT HAWK,
One of my all time favourite cars!
05-12-08, 08:33 PM
The LBS here in town (Ridge Cyclery, Highland, IN) has a TON of NOS BIKES! I was looking at some old schwinns and raleigh's, and asked why they wanted $300 for an old bike (figuring it was well used). The sales kid said it was brand spankin new! The previous owner bought every frame and wheel set he could get his hands on. They have a back storage room FULL to the gills with NOS frames and parts......Too bad the shop is about worthless..... Everytime I go in, to give them another chance at earning my business, they blow it.
05-12-08, 08:39 PM
Everytime I go in, to give them another chance at earning my business, they blow it.
That's why they have all of that loot still piled back there.
I think a lot of it is shop owners who have stock of expensive parts and refuse to lower the price even though it isn't selling.. Then finally the shop goes bankrupt or a new owner has more common sense and the stuff is suddenly on the market for a low price or goes onto eBay.
For example, i live in a mostly Dominican, low income area of NYC. The local bike store basically does business servicing delivery bikes and selling the odd BMX bike, but has a case full of expensive parts from the early '90's. I guess at some point someone doing the purchasing had dreams of selling high end bikes. Lots of Ringle zooka stems, Syncros quill stems, etc. All still full price. I've asked the owner about buying some of the parts, and made reasonable offers, but they are refused. I imagine one day the management will change and there will be another cache of NOS parts on eBay.
In the mid 70's I worked in a little shop in St. Paul MN. Ray, the owner had (more than) a few screws loose and hoarded all sorts of things. He had several thousand pairs of new and used hockey skates. The apartments above the store were filled with used bikes dating as far back as the 20's. He owned a couple of houses filled with more bikes. Most amazing (to me) he had 6 original Whizzers still in crates. One of the store rooms had Whizzer engine parts and accessories still in their original packaging. I remember seeing an engine valve sitting in remains of the box. The box had fallen apart around it.
Ray never sold anything. Never rented the houses or apartments. His family suffered because his illness. He died impoverished. This is an extreme example of what has been reported in earlier posts.
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