Classic and Vintage Bicycles: What's it Worth? Appraisals and Inquiries - What do you think this is worth today? Saw this on craigslist for $600. Good deal?

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75movies
08-11-10, 07:55 AM
1999 Cannondale R1000 56 cm (CAAD3)


The bike is in great condition. I am the original owner and have put approximately 4000 miles on it give or take 100. I decided that this beauty needs to be cherished by someone that has the time to ride her. Everything is original except the tires, pedals, and saddle. I just had her tuned in July.

Below are the specs:

Bicycle Type Road race & triathlon
Sugg Retail $1,842.00
Weight 19.4
Size 56cm
Colors Orange

Frame & Fork
Frame Construction TIG-welded
Frame Tubing Material 6061 T6 aluminum
Fork Brand & Model CODA Slice Echelon
Fork Material Carbon fiber composite, unicrown crown

Components
Component Group Shimano Ultegra
Brakeset Shimano Ultegra Dual Pivot brakes, Shimano Ultegra STI levers
Shift Levers Shimano Ultegra STI Dual Control
Front Derailleur Shimano Ultegra, bottom-pull/clamp-on 31.8mm
Rear Derailleur Shimano Ultegra GS
Crankset Shimano Ultegra, 30/42/52 teeth
Pedals Resin and Speedplay Pedals
Bottom Bracket Shimano BB-6500, 118.5mm spindle
BB Shell Width 68mm English
Rear Cogs 9-speed, 12 - 23 teeth
Chain Shimano CN-HG92, 1/2 x 3/32"
Seatpost Kalloy SP-248, 27.2mm diameter
Saddle Terry Liberator Saddle
Handlebar Cinelli Eubios
Handlebar Stem CODA Front Loader aluminum
Headset 1" Shimano Ultegra

Wheels
Hubs Shimano Ultegra
Rims Mavic CXP 23, 32-hole
Tires 700 x 23c Gatorskin Continental
Spoke Brand DT stainless steel, 1.8mm double-butted
Spoke Nipples Brass nipples

wrk101
08-11-10, 08:11 AM
Sounds about market value to me. I guess it depends where you live. In my area, once you get over the $500 to $600 mark, bikes just don't sell. But as a keeper, if it fits and is what you want, there is a lot of value there. For a third less than a new entry LBS road bike, you are getting a full Ultegra bike. Make sure brifters are working well, as the bike is old enough and has enough miles on it, that they might be (or probably are) nearing the end of their life. Replacement nine speed brifters (Tiagra) will cost you about $250, plus installation of course.

Personally, I would adjust the price mentally by $250. So if I paid $600 for the bike, I would assume I really paid $850.

I have two bikes with nine speed Ultegra STI right now. One is shiftiing a bit on the sketchy side (I have a set of Tiagras on hand to replace them once they die).
repechage
08-11-10, 11:46 AM
STI does not have a long life, but maybe an ultrasonic cleaning might help...? See the ultrasonic thread.

Anyway, values right now are in the dumps, vacation, economy, take your pick.

I saw a 55 cm Grandis on ebay, $350 buy it now or best offer, sold for $275. !!? It was drivable from me, and he would do local pick up... I don't have the cash, but if I had been hard hearted enough to offer $280. maybe it could have been mine, a tremendous value even though I suspect it was repainted. It is bleak out there.

gomango
08-11-10, 02:12 PM
STI does not have a long life, but maybe an ultrasonic cleaning might help...? See the ultrasonic thread.

Anyway, values right now are in the dumps, vacation, economy, take your pick.

I saw a 55 cm Grandis on ebay, $350 buy it now or best offer, sold for $275. !!? It was drivable from me, and he would do local pick up... I don't have the cash, but if I had been hard hearted enough to offer $280. maybe it could have been mine, a tremendous value even though I suspect it was repainted. It is bleak out there.

Yes, it is very slow out there. I keep hoping the college market will get us going around here.

I have a couple of super nice bikes that didn't sell this spring.

I decided to hold onto them versus giving them away.

Two of my wife's friends are using them at a triathlon this weekend, so at least someone is enjoying them.

But, yes, there are incredible deals out there right now.
wrk101
08-11-10, 02:43 PM
FWIW: Values have been pretty solid for me this year, pretty much in line with last year. But I am in a lower market than some others (the $175 to $300 market usually). Sales volume (number of bikes) is in line with last year as well. The modern stuff is selling better than the vintage stuff. The response for my vintage stuff is down.
gomango
08-11-10, 03:07 PM
FWIW: Values have been pretty solid for me this year, pretty much in line with last year. But I am in a lower market than some others (the $175 to $300 market usually). Sales volume (number of bikes) is in line with last year as well. The modern stuff is selling better than the vintage stuff. The response for my vintage stuff is down.

I had a few in the $500 to $700 no man's land.

Sometimes it gets hard to explain why they are such great bikes if the buyer doesn't already know what is special about the bike.

One of the main reasons I stopped buying a month ago.