Classic and Vintage Bicycles: What's it Worth? Appraisals and Inquiries - Need your help: Fair price for this Colnago?
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I'm completely new to vintage bikes like this one I found in a local bike shop here in northern Italy. I really like it, it's beautiful. Sells for around 1000€. I have no idea if this is a fair price. Frame, fork and stem are made by Colnago. As you might see on one picture, the frame is slightly damaged (has some scars on it). The whole gearshift (2x5), the brakes, levers, seatpost and pedals are from Campagnolo.The rim is made by Mavic and the only thing I remember is it had a 40 in it's name. Every single piece of the bike is 100% original. I was already allowed to take a ride on it, so it's fully functional. Besides the frame, it is still in a very good condition. It weights around 22 lb (just an approximate value).
Sorry for the bad image quality :o
Is this a rip-off?
I hope some of you can help me since I have no clue.
Thank you very much!
10-07-11, 10:59 AM
What you are looking at is a 1983 Nuovo Mexico with the earliest crimped/shaped tubing (top and down tubes). The frame looks nearly new, so that's a good sign. Also has a pantographed 3ttt stem, so another plus. However, the Victory crankset is not original to the bike - this would have either a Nuovo or Super Record unit.
How much is 1000 Euro in USD? Just to put you in the ballpark, fully-pantographed Colnagos in this era, with the correct parts and in superior condition, can pull up to 2000 USD. Since this is not completely original and has only the stem pantographed, I'd guess closer to 1000/1100 USD.
All this is subjective, of course - if this bike is calling to you, answer the call!
Good luck and welcome to C&V!
Nice bike, but overpriced by about 400 Euro in my opinion.
10-07-11, 11:09 AM
The components are not the top tier Campagnolo for the most part, the seat post is, but the rest I can see is not.
My guess this is being offered by a shop. That could account for the high price. If the bike has been recently overhauled, all bearings repacked, then one could see why they are asking this much. If the bike fits as is, stem the correct length, frame size correct, and saddle comfortable, then those factors are worth something. If things need to be changed, view it as a used bike, and discount as needed.
10-07-11, 11:25 AM
do you want this as a bike to ride or a bike to collect and say how pretty it is?
@Drillium Dude: 1000€=1330$
Could you please explain what "pantographed" means?
@vjp Are you sure?
@repechage Yes, this bike is offered by a shop (as I mentioned above). No, it hasn't been recently overhauled. But I enjoyed riding the bike very much, it felt almost perfect.
I'm not a "pro", neither I want to use this bicycle competitively. It's just gonna be my city bike. For me, there is one important aspect: Will this bike serve me for the next decades without any major needs of repair? It's ok if I pay a premium price since it is a beautiful made-in-Italy bike. Again - it's only important to me that it won't have serious flaws. I want a light, fast bike that "just works" in a daily use. Sorry for my bad English and thank for your quick replies.
10-07-11, 11:47 AM
If it fits you, rides well, you like it, and the price is something you can afford, why not? I think many times people look at things as investments, when that's not really what bikes are. There's a joy factor that's hard to put a price on. I think from this distance, it's hard to tell whether or not the bike will fall apart tomorrow or not (even if we knew everything about the bike, we lack the ability to see the future).
I totally get your joy factor point. The final question is just weather the components are sturdy enough to last another 10 years or not. I don't want to buy such an expansive but appealing bike that will be useless in a couple of years. Do you think it will serve my need quality-wise?
10-07-11, 01:03 PM
Many of us are riding bikes with components over 30 years old and they are doing fine for the most part.
Likewise many of us have seen bikes with components less than 10 years old that are worn out or neglected to the point of being beyond repair.
I'm no expert, but in my opinion, if you do your part to maintain the components then a 10 year run should be no problem if you allow for normal maintenance and replace the usual repair items.
One conversion site I just checked puts 1000 Euros equal to about $1,370 U.S.Dollars, but I have no idea if that is fair for that bike. But I do know that will barely get you an equivalent quality new bike.
So I should definitely ask for a better price in your opinion?
What would be those usual repair items?
10-07-11, 01:52 PM
Depends upon how many miles you put on the bike, road and weather and dust conditions when you ride, temperatures to some extent, how hard or gentle of a rider you are, how easy or hard you are on the brakes and cranks, all factor into what are wear items and when they wear out.
Typically if you put a fair amount of miles on a bike then plan on a complete overhaul and re-greasing/cleaning every year or so. Along with that comes brake pads, shifter and brake cables and housings. As the miles accumulate you will be looking at new bearings and races/cones/cups (or whatever terms you apply to those items). Also plan on putting some attention to the pedals and spindles/bearings. Also anything that moves or pivots and has bushings instead of bearings like the shifter arm pivot points. After all that comes handlebar tape and saddles and the other contact items. And of course there are tires, tubes, and spokes and wheel/spoke adjustments, and also the chain. All told maybe 6-20 hours of labor a year if you have the tools and are proficient with your work, this includes regular lubing of the chain and cables and wear points.
Some people just take their bike into a shop for maintenance and repairs, which adds to the cost, but saves the hassle of doing it yourself, provided you have a shop and mechanic that understands and can work on your particular bike.
I'll let others say what a fair price should be.
I've got a Colnago Master Light, but mostly just ride my under $100 older bikes.
Usual repair items, repacking the bearings in the hubs and bottom bracket.
replacing brake shoes, tires and tubes.
Those components should last 10 years, if you maintain them. One thing I would do
is find a good repair book and do your own maintenance. Also find a shop that knows
vintage bikes and learn see if they can help you learn how to repair them.
How far northern Italy? Milano? if so the Rossignoli shop has been around forever
and they know vintage bikes, or Cicli Balduzzi in Bolzano on of the finest shops
in Italy, if not the world!!!
Thank you very much for your explanations! I appreciate that.
Regarding the price - could anyone give me a realistic price I could propose to the seller? Should I stick to the 1000-1100$ Drillium Dude mentioned?
@Iotek Yeah, I'm near to Bolzano right now! Does Cicli Balduzzi sell vintage bikes?
I'm not sure what Balduzzi has but they do sometimes have vintage bikes.
The shop sells De Rosa so prepare to be dazzled, some old some new
Go talk to Marco but understand he is very pignolo, fussy eh?
he can probably give you an idea about what your colnago is worth.
Would love to hear more about his shop, I've only read about it whereas
I've been to Rossignoli in Milano.
I was a little low on my Euro conversion, I personally wouldn't pay over about $850 for it as is, although I am sure it would sell for more.
Sorry but I still didn't get it. Which price do you consider to be both fair and realistic?
10-07-11, 04:16 PM
Sorry but I still didn't get it. Which price do you consider to be both fair and realistic?
I think one could spend the asking price with all the bearing fresh from a rebuild, a way of reducing the price and getting a better start, without directly asking for a price reduction. A spare tire and it appears to have sew ups. If you are familiar, no problem, if not, some lessons from the shop on how to change a tire, care store, repair, or local service that does? Way back in Southern California, there was a guy who made his living doing that.
10-07-11, 05:58 PM
Just getting back to this...
The frame appears to be near-new which means it will last you 30-40 years if taken care of. As one member stated, most of us are riding 30+ year old machinery and a majority of it still wears the original coat of paint. The longevity of the frame/fork is a given.
"Pantographing" is a sort of engraving. Notice the stem is engraved "Colnago" with the corresponding C and clover engraving on the front. This discontinued practice was rare enough back when this bike was new, but today is even rarer. Hence, pantographed parts are more pricey than normal ones without it.
I don't think you'd be getting a bad deal here if you were able to get the bike for $1000 USD equivalent. The Campagnolo Victory crankset was lower in the pecking order, but still totally suitable for riding.
However, since you're planning on using it as a daily rider and not so much for historical factors, I'd say leave it the way it is and see how close to $1000 USD you can get.
according to latest currency exchange what Drillium Dude is saying is about 750€.
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