Classic and Vintage Bicycles: What's it Worth? Appraisals and Inquiries - 08 Madone frameset value
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First, my apologies if this is placed in the wrong forum. I was not sure where to put it.
I'm getting back into road bikes after many, many years, and found a "lightly" used 08 Madone frame set for sale. After researching prices for several weeks, I'm still not sure how to bid this piece.
The frame, fork and seat post are carbon, and the crank bearings (for Hollowtech II) are included. The set, allegedly, has less than 200 miles with no crashes. It looks to be in very good shape.
The model is the 56cm, 5.2 regular, not "Pro."
Thus far, I'm the highest bidder at $305, but I get this funny feeling that the bids will go higher right before the close of the auction. Assuming they will, how much do you think such a set is worth? Shipping price is not a concern.
If I win the set, I'm planning on actually building a complete bike, not flipping it.
Any tips are greatly appreciated!
03-20-12, 07:29 AM
Probably the best guage of value would be to look at completed listings in Ebay.
Not a good idea to bid on an item before the last possible second. You're just bidding against yourself and driving up the price.
03-20-12, 07:32 AM
I doubt you'll get it for $305, or even $500.
I don't ride modern bikes, but if a Madone frameset were paraded before me, as you described, for $750, I'd buy it.
The only thing I'd want to know is why the frameset was for sale in the first place. After that, I'd be on it.
Figure $750 and then another grand for appropriate wheels and group, and you've got a 5.2 for $1750. Very fair price.
Thanks for the replies!
Great advice on bidding, thinktubes. Apparently, many use this strategy. Bidding at the last moment really got hot.
RobbieTunes: Yeah, why was it for sale.... I think he was flipping it, as he's selling tons of bike stuff. It sold at $650.00 (plus $50 shipping), so someone probably got a good deal.
Back to the drawing board. :)
My advice is to look for a complete bike, most underestimate how much it costs to build up a bike, who does the work, do you have the time/tools/aptitude/etc.? I am always ahead financially when I buy a complete bike.
You are in a high enough price range where Craigs List really makes sense. Most buyers on Craigs List are looking for a cheaper, lower priced bike. I find higher end bikes tend to go cheap, well under market (vs, ebay). A entry level modern bike at the $300 price level will go fast, even if its market value is about $300. Meanwhile, a really nice modern bike for $900 will sit, even if it is worth $1500.
Bidding at the last moment is how the game is played on ebay, thats how it works. When you bid early, you just disclose your interest to the entire world (bad idea). Novice bidders will see your interest, and adjust their bidding UP. A lot of newbs to ebay think its like a regular auction. Its not, its really not similar at all. It is a peculiar market where the auction ends at a set time, regardless of the bidding. In a traditional auction, as long as people are bidding, the auction continues until the last competing bidder stops. Ebay auctions stop based on a moment of time. So selling, buying and bidding strategies are totally different.
+1 To flakes below. There are flaky buyers and sellers on Craigs List. Its a matter of balancing the potential "deal" versus the time/energy/frustration of dealing with some nitwits out there. Myself, I am retired, so I put up with quite a bit. But back when I was "working for the man", I would not have put up with it either.
I have listened to a lot of crap from sellers over the years, some pure fabrication, some memory fade, some, I do not know. I will usually bite my tongue, offer what I think is fair, and walk if the seller wants more. I offered a seller on C/L $35 for a bike a few weeks ago, really beat to crap. He was asking $100, would not budge. So I walked away, and kept it polite. Well, 15 minutes later, I get a call from the guy: "you were right, $35 is fair, come by and get it." Sometimes lightning strikes, most of the time it does not.
Good stuff - thanks!
I could build up a bike, but I know myself very well. Completion time would be about 1-2 years. :)
I hear you re CL. My personal problem with that list are the enormous number of flakes that tend to post there.
Perhaps it's simply time to visit my LBS. :)
03-21-12, 10:11 PM
Complete bikes are just so much cheaper. I know, already mentioned, but worth repeating. The Madone you are considering is new enough you can run up on another soon enough, one that is complete.
03-22-12, 08:24 AM
As others have said, building up a bike is very expensive compared to buying a complete bike. I have done it once but only because, by a complete fluke, the frame was incredibly cheap. If you can find an flukily cheap frame, go for it.
One thing to search for, if you have time, is mis-labeled or misspelled stuff. Also, search the "Other" category in cycling, all sorts of stuff pops up in there that you would not expect.
After much thought, I'm probably going for a new Madone (got a full day test ride scheduled tomorrow).
If the bike is as nice as my last road bike purchase, I'll probably own it for 10+ years. Plus, I'm about to go postal dealing with the folks selling used stuff. :)
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