Classic and Vintage Bicycles: What's it Worth? Appraisals and Inquiries - Gitane Olympic Record II

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bikemanbob
08-03-11, 06:23 AM
Most bikes I buy require up to an hour drive, but this one was within 10 minutes. I had been watching it on ebay, but the price wasn't good for me. After the auction ended, the bike appeared on Craigslist. Once again, the price was fair but it wasn't good for me. A day passed from the initial posting and I decided to see if it was still available. Much to my surprise, the owner had reduced the bike by half. Suddenly, the price is good for me. Surprisingly, the owner didn't top post, but edited his listing and kept his position. I made the call and now the bike is in my garage. I will likely service/repair the bike and sell it on Craigslist.

The bike is dirty, but it appears structurally and mechanically sound. The paint is in very good condition. Although Gitane is a french bike, it was made in Japan.

In a fully rehabbed condition, what would be a good price for the bike?

Thanks for your help!

http://i941.photobucket.com/albums/ad253/bikemanbob/Gitane/DSCN1323.jpg

http://i941.photobucket.com/albums/ad253/bikemanbob/Gitane/DSCN1325.jpg

http://i941.photobucket.com/albums/ad253/bikemanbob/Gitane/DSCN1326.jpg

http://i941.photobucket.com/albums/ad253/bikemanbob/Gitane/DSCN1327.jpg

http://i941.photobucket.com/albums/ad253/bikemanbob/Gitane/DSCN1328.jpg

http://i941.photobucket.com/albums/ad253/bikemanbob/Gitane/DSCN1329.jpg

http://i941.photobucket.com/albums/ad253/bikemanbob/Gitane/DSCN1330.jpg

auchencrow
08-03-11, 07:50 AM
Looks to be in beautiful shape Bikeman!

With forged suntour DO's, alloy wheels, nice touring rack, rando bars, and Suntours' best components for the period, this is a cut above your average UJB.
The high ten frame is a minus among the C&V cogniscenti, but for the likely sales prospect for this bike it does not really matter.

$225 in our market seems about right to me.

PS_ I would like to see a ride report and a separate thread in the main forum once you get it serviced
bikemanbob
08-03-11, 12:33 PM
Thanks Auchen! Your assessment is very helpful.

After the preliminary clean, I am very pleased! Here are some new pictures:

http://i941.photobucket.com/albums/ad253/bikemanbob/Gitane/DSCN1340.jpg

http://i941.photobucket.com/albums/ad253/bikemanbob/Gitane/DSCN1341.jpg

http://i941.photobucket.com/albums/ad253/bikemanbob/Gitane/DSCN1342.jpg