Classic and Vintage Bicycles: What's it Worth? Appraisals and Inquiries - Value of a Specialized Allez 2001 (Festina)
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Hi, I'm not sure if this fits in the C&V forum but I'd like to know the value of a 2001 Specialized Allez. It's the Festina colors model with Shimano Ultegra groupset and Shimano WHR-535 wheelset. I don't have pictures sorry, just want an evaluation. Thank you
09-11-09, 07:36 AM
Litle new for C&V, but I love the Festina paintjob, and of course the PED history adds to it. But in general, a good (for the seller) sales price for an 8 year old bike in well kept condition would be about 50% of new, and that's usually obtainable only if you throw in your extra goodies, like clipless pedals, a pump, helmet, etc.
Go to bikepedia, look up the original MSRP, and discount it at least 50% to 60% of that MSRP. Your modern bike is still in the depreciation stage unfortunately.
Also it depends on your market. Around here a nice bike yours will need to be discounted even more due to the lack of buyers at that pricepoint. I would hate to tell you what I paid for a 2003 Colnago, which sat on my local Craigs List for over a week without selling before I finally looked at it.
09-11-09, 06:57 PM
I did a little research for you because I have a 99 Allez Sport frame that I built with Ultegra. I have over $600 in it and although it's a nice looking bike, I doubt that I could sell it for that in the SF Bay Area.
I couldn't find an exact match on Bikepedia to the one you described. The Allez comes in several models and the price can vary a lot. I wasn't familiar with the Festina paint scheme, but according to another thread, it is mostly yellow. Based on that I looked for an 01 yellow Allez on Bikepedia. The only Ultegra group was on the Allez Comp listed for $2055, but it was white. The only yellow one was the Allez Sport listed for $1399, but it had a 105 group. If we split the difference and say it was roughly $1700 new and used the 50% depreciation rule described above, that would leave $850. That seems high to me. IMHO, an 01 Allez with Ultegra might get $600-$700 on a good day in LA or the Bay Area.
I assume it is the Allez Comp, which listed at $2055. Using 40% of that figure would be about $800, which I think is a stretch for this bike. More like a $600 bike around here. Takes the right buyer, as for $600, someone would be gettting a really nice bike at less than the price of an entry level new road bike.
The 50% target might work on a cheaper bike, like an entry level brifter bike (many sold for around $600 back in 2001).
Thanks alot for the input wrk101, rothenfield1 and Bob.
I picked up the bike in good shape yesterday for 400.
It has the Allez Comp specs (http://www.bikepedia.com/QuickBike/BikeSpecs.aspx?Year=2001&Brand=Specialized&Model=Allez+A1+Comp&Type=bike) with full Ultegra components, 53/39 crankset. The only thing that does match the bikepedia listing is the fork which is alu instead of carbon.
The paint scheme is the same as this one: http://www.probike.es/media/upload/gif//medium_specialized_allezcomp_editora_25_578.jpg
Sounds like you did very well! Any brifter bike around here will get at least $300, for a really basic brifter model. Yours is Ultegra (pretty high end) with good wheels, etc., which of course would rate much better than a SORA/Tiagra bike. And Specialized brand is well respected as well.
And consider your price was half of what an entry level road bike sells for at any bike shop!
09-12-09, 04:58 PM
A Specialized Allez Comp, much like that, 9-sp Ultegra, just sold on Raleigh CL for $400. I had an appt to pick it up today if it hadn't sold, but it did. I didn't quibble about the price, and the seller said 2 other buyers didn't, either, so $400 is well in line.
09-12-09, 05:00 PM
Festina colors should add some value....at least to me it would.
Orig. Price is $4,299 with campy record. Maybe less with ultegra. I think that is a steal if it's leas than $1000.... Doubt it will sell less than $2000 with components as listed in bikepedia.
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