12strings

LINK: 57CM Peugeot ? $500 | Old Bikes Belong

Is $500 a fair price for this bike? I don't know enough to tell what kind of peugeot it is...but I just think it looks gorgeous...I know it's been overhauled by a guy who does really good work. It's for sale in my area...

bikemig 

No.

howeeee

no

3alarmer 

.
...I'm not good on IDing Peugeot bikes, but it has a 501 sticker for the frame tubing, which is pretty good tubing. It looks like maybe it's been reforked ? I'm not sharp enough on components to ID them with just that one photograph, so again, not enough information.

But if the tires are as new as they look, the hubs are decent and the wheels are solid, 500 bucks is not a whole lot off the going price for a bike that clean with everything working.


You can get a better bike for 500 bucks, but it usually requires some work on your part to get it to that condition.

oddjob2

1985 PH501, Reynolds 501 tubing. You are helping to pay for a real storefront, so on that basis, the shop has to recover those costs. In Ann Arbor, the LBS that does quality refurbs would ask about the same price.

Chrome Fork is original.

eschlwc

i love that paint scheme. but this rebuild leaves a lot to be desired. the white (?) cable housing is too long and routed in front of the bars. he went with black tires, yellow tape, and a cheap, ugly saddle. if it were perfect with nice tires, good looking black tape, gum hoods, and a nice saddle, i could get $500 for it, easy.

his lame choices just make me wonder about the whole rebuild.

and the pics suck.

but, yeah, that paint scheme is great.

Clang

The prices are inflated. Here's a $400 Schwinn World Sport. 68CM Schwinn World Sport ? $400 | Old Bikes Belong

wrk101

Budget Bike Center, Louisville branch. Typical price for this particular shop (sky high).

Interesting to me, if you read the information on the guy doing the work, he should know better. His work looks very amateur to me.

Speaking for myself, bikes I built ten years ago are much different (inferior) to recent builds.

I am not a purest, but I like good work, and I appreciate the good work from others. If you are going to charge 2X fair market value, then your build quality needs to be outstanding, not sloppy.

daf1009

If you look at his inventory, you can see that his prices are way high! There are bikes there listed in the 1000's that should not be! I agree with Bill...

12strings

Yes, I was wondering about the sheer amount of cable above the barsit's ugly and looks like it would get in the way...I have no ideas on the saddle...But I actually like the yellow bar tape...I'm not a purest....

I hope to visit this shop soon, (it's about an hour away)...simply because he has so many vintage bikes that are already rehabbed and ready to ride...It seems on other threads that people are saying a rework that included everything including bearings could run you $200. If that's correct, then these don't sound too bad, considering I've been looking at New steel bikes in the 700-1000 range For a daily commuter...if he has something comparable for 300-500, I might consider it...

thinktubes 

+no

IcySmooth52

Even the retail price is high! I'd say in perfect condition; $300 in-store, $200 Craigslist. Haggle? He might've been trying to sell it for years.

eschlwc

12strings, you're right that an overhaul will cost $200 in labor alone.

but ask for bare frame pics to know that's what you're getting.

i include bare frame pics with all my ads of full overhauls.

Chombi

Also to note is the 501 tubing only applies to main three tubes for the PH501 model, IIRC. ......
The rest of the bike is most likely High Tensile steel.... "Carbolite 103" or Peugeot "HLE" .....
The step higher model PGNs had the full 501 tubing frame.....

bertinjim 

12strings-

The price is very high even for an overhauled bike. Given that there are issues like cable length and routing pointed out by eschlwc a discount might be possible. Also, although 501 Peugeots often came with full chrome forks, this one is not original. It does not have the Peugeot lion cast in the crown and has a red Tange sticker on the blade. Not a bad bike but some of the cost is in the actual store as oddjob2 pointed out.

FastJake

I'm also unimpressed with this guy's work. And even if it was perfectly done, which it isn't, that will never make a $175 bike worth $500. Despite all the "feel good" nonsense on his website his prices are simply way too high.

As oddjob points out, you're paying for the store and this guy's salary. Do you want to pay for that, or do you just want to pay for a bike? It's the same reason I avoid buying used cars from dealers. You're paying for the office, the salesman, a useless warranty, etc. I would rather just pay for the car.

ramzilla

If it was a neighborhood bicycle shop (right next door) & he included 1 year parts, labor, + tune-up guarantee then, maybe worth it. Otherwise I wouldn't pay more than around $325 for a bike in that condition. You can get a brand new comparable bike delivered to your doorstep for $400 - $500.

Oldbikesbelong

Wow, harsh world out there. I guess people will say anything on the internet.

1. Just because the bike isn't done in the colors you prefer doesn't mean it isn't done well. I'm glad not every vintage road bike is done in gum wall tires, black tape, and hard as a rock saddle - then no one would ride.
2. The cables are not too long and are routed the way they are for ease of getting to the brake levers. I also think higher cables look better but I know you'll disagree with me. I know it doesn't look like period but why does it have to? Why can't a vintage bike have a modern functional twist that someone may actually enjoy riding. If you rather have your bone stock bike from 1985 that is ok, but don't get mad at someone else for not.
3. I do have a store front, I do have hundreds of old bikes in stock, I do my own work, I do include a warranty, I do take them down to the frame, I do know what I'm talking about, and I do understand I ask a higher price because not everyone wants to go find an old bike and restore it themselves. You can walk in, test ride a handful of bikes in your size and budget, change out whatever you want, buy accessories, and leave within 30 minutes. Time is money friend.
4. Almost everything on the bike is brand new, I went with a 28c black tire front and rear for commuting use and around town riding, black tires just look better IMO, the seat is a $40 retail soft hybrid seat that I sell a done of and have received rave feedback on, it also has a nice stitching that matches other parts of the bike, the Lizard Skin tape is $40 by itself and if you don't like yellow we can change it. The cables are higher and in front because its just simply easier to use, I didn't build the bike to go fast, if you want to race in a modern crit lets talk modern bikes.
5. I suppose this is all in vain but I'm not going to let a bunch of people that don't even know me or any details about my business have a field day on the internet. I'll continue selling hundreds upon hundreds of bike per year while you sit and complain about it. Have a great day.

Edit: I don't suppose its worth saying that I bought this bike and its mate at the same time, the first sold within 2 days. I've had this one about 10 days now.

rando_couche

Yeah, there's some "optimistic" pricing going on there.

dailycommute

Dude is doing something right, he gets very good customer reviews which is what matters for any professional business. Prices are high but he must make up for it with customer service. Plus he has a real storefront with overhead vs the typical CV hoarder, whoops, I mean flipper crowd!

FastJake

Then please, tell me this bike isn't finished. If it is, how do you expect someone to test ride a fixed gear with no brakes and no foot retention? 62CM Fixie ? $200 | Old Bikes Belong

wrk101

BBC gets great reviews too.

He decided to go the "overhead/storefront" route. Competing with low overhead hobbyists, some of whom can do very nice work, is part of the challenge.

Missing original fork = huge drop in value.

joe englert

PX 10's dont go that high!!! 200 at the most for that lower level bike. 500.00 ha ha ha. For 500.00 you could get a much better made Italian bike with better tubing and much better group in the same shape. That guy is your typical dreamer that is hoping some guy comes along who doesn't know anything about bikes and has more money than brains.

lostarchitect 

This is actually a tougher one than it seems.

Let's say I bought that bike for a cheap $100 and totally overhauled it myself. New grease & bearings everywhere, new chain & cassette, new pads, new cables, new housings, new tires & tubes. I'm now into the bike for around $250--not counting my labor. I have also cleaned it up and tuned it. I suppose I'd put it on Craigslist for $350 or so. In NYC, I'd sell it at that price, I'm sure.

$500 is still high, but if everything is truly overhauled (and it does look really clean, bad cable routing excepted) I think $350 or maybe even $400 is not crazy. If a non-mechanical person bought that bike for $100 and had to get it overhauled at the bike shop, they'd certainly even up spending $350 total anyway, probably more.

Grand Bois

At least he didn't try to pass it off as a PX10.

The cables should be behind the bars, but his customer base won't know or care.

It's interesting that he has a degree in business marketing.