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-   -   Bike Flipping 101 (http://www.bikeforums.net/classic-vintage-bicycles-what-s-worth-appraisals-inquiries/499513-bike-flipping-101-a.html)

oddjob2 11-22-13 07:14 AM

Quote:

Originally Posted by curbtender (Post 16241871)
Smaller bikes always sell better, but even pairs? Haven't found a set. I have no problem selling an extra bike...

Smaller is better is a fallacy in my experience. Bikes for average size riders are still the most in demand. Also, tall women have a hard time finding step thru frames.

curbtender 11-22-13 04:30 PM

I'd guess it's per your market. Smaller bikes sell really well here, as do 54cm to 57. Larger vintage bikes sit through multiple listings. I'm ok with that. I've quite the hoard of large bikes ;-)...

ahandley 11-26-13 04:56 AM

Who buys multiple bikes, bikes that are projects? People like me.

I often buy pairs of bikes, or even larger groups. The reason? I get a nice discount. The last pair I bought were for sale for $75 each (a good deal by the way). Both needed work. I bought the pair for $100 ($50 discount). Seller got the convenience of one transaction. I got nice discount. I have bought as many as ten bikes at once. The discount? About 75% of what the individual bikes would have brought in as is condition. Seller got the bikes gone immediately (his goal). I got a great deal.

My best deals have been on groups of bikes.

I have always gotten better deals on groups of bikes. But even then, find that a percentage of them turn out to be trash

zukahn1 01-09-14 05:37 PM

Quote:

Originally Posted by turky lurkey (Post 16236734)
Do you guys find that bikes are worth more sold in pairs? For example, I often see matching his and hers bikes for sale on C.L.? Or what about two identical men's bikes? I mentioned above that I picked up a couple mtn bikes, they look exactly the same. I don't really need two of the same bikes so I was thinking of selling one as is, as needing work, for $20-$30 in order to help with the cost of refurbishing the other, but for some reason I'm a little hesitant to break up the pair. Neither one of the bikes will make a lot of money, but would their value increase if I get them both in good condition and sell them together?

Not really they typically sell for less the reason for so many matching his and hers bikes on CL is back in the day Schwinn dealerships which sold most of the nicer bikes in the US offered a deal on the second bike of 20% to 60% off. If you brought something like a set of matching his & hers Varsities together you likely got 40%-60% off on the womens bike. At the time Schwinn was really trying to increase sales to young adult Women to increase there market long term.

Mr_Wrench 03-10-14 06:40 PM

The used bicycle market is terrible these days. Last year I had a Raleigh 3-speed cruiser with a sturmey-archer hub on craig's list for more than a year. couldn't sell it for $80 (Maybe it was better off up for auction?). I think now that the economies recovered people would rather buy a new bike, also I noticed my cursed local bike shop is selling a select set of used bicycles.

zukahn1 03-12-14 01:07 PM

I have also noticed a lot more bike shops selling refurbished used bikes often times at some pretty high premiums. They seem to be asking $200-300 for some pretty basic entry level bikes.

Mr_Wrench 03-13-14 08:00 AM

If I didn't know anything about bikes and wanted something used, I'd probably buy a bicycle from a shop too.

My problem is my bicycles are boring. Practically nobody cares about classic steel road bikes, they are better than your x mart bicycle but still boring. The only person who would possibly be excited to buy the bikes I sell are somebody who has never ridden a bicycle before, People who want a bicycle for transportation, or something to exercise on. But the last two reasons, those people would probably want something more exciting like an aluminum bike. People like mountain bikes cause that's an exciting sport, almost nobody is excited by classic steel road bikes. I could probably sell more bikes if I could get people in Kansas City excited about riding in traffic around town.

JamesRL 03-20-14 09:15 AM

Quote:

Originally Posted by Mr_Wrench (Post 16573787)
If I didn't know anything about bikes and wanted something used, I'd probably buy a bicycle from a shop too.

My problem is my bicycles are boring. Practically nobody cares about classic steel road bikes, they are better than your x mart bicycle but still boring. The only person who would possibly be excited to buy the bikes I sell are somebody who has never ridden a bicycle before, People who want a bicycle for transportation, or something to exercise on. But the last two reasons, those people would probably want something more exciting like an aluminum bike. People like mountain bikes cause that's an exciting sport, almost nobody is excited by classic steel road bikes. I could probably sell more bikes if I could get people in Kansas City excited about riding in traffic around town.

Here in Toronto there is a market for old steel. The messenger business converts a lot of old steel into fixies. And even the unconverted go for a good price. A bottom level Raleigh or similar mid 80s bike in good condition and ready to ride regularly get advertised at $200. We have a lot of riders, even in winter.

gaucho777 05-13-14 10:11 PM

Bump for a quick flipping question. What's the consensus on reflectors?

I don't have reflectors on any of my keeper bikes, but I can imagine others may appreciate them. In this specific example, I am restoring/flipping a very original Trek 520 with the OEM reflectors. Part of me says they dtract from the look of the bike, while the other side of me says keep 'em because they are original and 1) may be valued by collectors, or 2) may be valued as a safety item on a likely commuter bike. At the very least I would put the reflectors (front, rear, and wheel) in a bag and pass them on to the next owner. Does it make sense to keep the reflectors on the bike when taking photos for resale?

frantik 05-14-14 02:14 AM

I always remove reflectors, dork disks and kick stands no matter if they are original or what... unless the bike looks near mint them i might leave the dork disk. none of the bikes that i've gotten in good enough condition to consider leaving reflectors have actually had reflectors so it hasn't mattered

Fred Smedley 05-15-14 06:42 AM

Quote:

Originally Posted by gaucho777 (Post 16756889)
Bump for a quick flipping question. What's the consensus on reflectors?

I don't have reflectors on any of my keeper bikes, but I can imagine others may appreciate them. In this specific example, I am restoring/flipping a very original Trek 520 with the OEM reflectors. Part of me says they dtract from the look of the bike, while the other side of me says keep 'em because they are original and 1) may be valued by collectors, or 2) may be valued as a safety item on a likely commuter bike. At the very least I would put the reflectors (front, rear, and wheel) in a bag and pass them on to the next owner. Does it make sense to keep the reflectors on the bike when taking photos for resale?

Perhaps , might indicate the bike was never ridden.

Turbo231 05-16-14 10:53 PM

Quote:

Originally Posted by gaucho777 (Post 16756889)
Bump for a quick flipping question. What's the consensus on reflectors?

I don't have reflectors on any of my keeper bikes, but I can imagine others may appreciate them. In this specific example, I am restoring/flipping a very original Trek 520 with the OEM reflectors. Part of me says they dtract from the look of the bike, while the other side of me says keep 'em because they are original and 1) may be valued by collectors, or 2) may be valued as a safety item on a likely commuter bike. At the very least I would put the reflectors (front, rear, and wheel) in a bag and pass them on to the next owner. Does it make sense to keep the reflectors on the bike when taking photos for resale?

Depends on the bike. Road bikes? Nope, remove them, someone buying a road bike won't care. Town and Country and/or any other bike I sell...only if they're damaged or not in a pair...aka if the wheel reflectors are the same and in ok shape and not in the way of cleaning/truing the wheel, I leave them. Ditto with front and tail, however if they are damaged, I just remove them and move on, I usually never replace.

Exceptions are older bikes with metal fenders, they tend to look better with reflectors then not.

I also always try to leave the dork disk if it is complete, more for safety then looks on bikes I'm selling. My own fleet I don't actually care as I keep them in tune, but if a bike I sell 10 years down the road wrecks the rear wheel because I removed the dork disk thinking it looked better, well, that's no good. Metals ones can be polished and add a bit of bling to the bike. If they are broken however I will just remove them if I don't have a spare laying around.

curbtender 05-18-14 02:34 PM

Reflectors... there are laws that govern this, but, who would enforce them? I keep them in a box incase somebody wants them installed.

gaucho777 05-19-14 11:10 PM

^Thanks, everyone, for the input. The reflectors are coming off but they'll stay with the bike in case the next owner wants them.

Uncle Randy 06-23-14 01:29 PM

Quote:

Originally Posted by curbtender (Post 16769565)
Reflectors... there are laws that govern this, but, who would enforce them? I keep them in a box incase somebody wants them installed.

I removed a reflector from a Bridgestone headset and had to get a 2mm spacer to keep the locknut tight.

JayButros 06-23-14 11:07 PM

Quote:

Originally Posted by Uncle Randy (Post 16875556)
I removed a reflector from a Bridgestone headset and had to get a 2mm spacer to keep the locknut tight.

:) ...that sucks.

I take the wheel mounted off but I leave on any F/B reflectors already installed. ...people rellay seem to hate them around here.

...plus, if you want to be really cool ...it's easy to fine stickers to match you unique personality.

They were stocking a BELL bell at Target that came with cool round stickers [throw bell away, it sounds more embarrassing than all of this]

...gonna mount the the ☮ up front forever though man.

Uncle Randy 06-23-14 11:32 PM

Quote:

Originally Posted by JayButros (Post 16877031)
:) ...that sucks.

I take the wheel mounted off but I leave on any F/B reflectors already installed. ...people rellay seem to hate them around here.

...plus, if you want to be really cool ...it's easy to fine stickers to match you unique personality.

They were stocking a BELL bell at Target that came with cool round stickers [throw bell away, it sounds more embarrassing than all of this]

...gonna mount the the ☮ up front forever though man.

Did the package say "stainless steel construction"? LOL
http://www.bikeforums.net/bicycle-me...l#post16870737

FLJeepGuy 07-10-14 06:36 AM

I do a bit of flipping, but I'm really picky on the bikes I work with. For me, I walk away from a bike with anything beyond a minor bit of surface rust on exposed metal parts. A rusted chain is no big deal unless the gears and derailleurs are rusted as well as I put chains in the same category with other wear items (brake pads, cables, tires, etc.). Just be aware, if a chain is badly rusted and/or worn, there is a fairly good probability that the gears may be well worn and need replacing too. Ultimately, it comes down to whether the parts and work required will still leave any profit on a flip and that really depends on your local market.

Countdown48 07-10-14 06:52 AM

Does anybody know what local markets tend to be by region? I'm in Indiana's largest city so there is some market but I'm sure prices are much lower than states that are warm all year. There is one guy who flips bikes in my area but his craigslist prices always seem way too high and I have no way of knowing what he actually sells them for.

Xerum 525 07-13-14 03:35 PM

I strongly believe a bicycle is a lifetime investment. In today's consumer society people are of the opinion that everything has a dollar value. Find a steel bike you love to ride and cherish it as the work of art it is. If you must sell the bike, find a buyer with passion who wants to know your machines history.

kc0yef 07-17-14 01:12 PM

are you wanting to buy then flip yourself or are you just collecting?
Quote:

Originally Posted by Countdown48 (Post 16925236)
Does anybody know what local markets tend to be by region? I'm in Indiana's largest city so there is some market but I'm sure prices are much lower than states that are warm all year. There is one guy who flips bikes in my area but his craigslist prices always seem way too high and I have no way of knowing what he actually sells them for.


Gthoro 08-04-14 09:54 PM

Hey all, has anyone traveled to a better bike market to flip their bikes? I live in a rural area where department store bikes are king and people wouldn't consider riding an old ten speed. People who would aren't inclined to drive an hour or more for a used bike. It works to my advantage at garage sales but it makes selling them locally difficult. I occasionally bring bikes with to sell when I go to larger cities. I was just wondering if anyone has found it profitable to post a cl ad, haul load of bikes a few hours a way, and make a lot more money. Of course you'd have to factor in gas, time, finding a place to set up shop and sell, flaky buyers etc. It still seems like a potentially viable way to get more cash out of your flips. Any thoughts or experiences from rural folks?

Turbo231 08-06-14 09:38 PM

Depends on the bike. Nicer bikes, say $200 bikes, people will drive to see, just post ads in the big markets but make sure you mention where you are. Otherwise, you just have to discount and spread your name around. People will often ask if you can bring the bike to the "city", that call is up to you. I never bother, if they want it, come get it.

oddjob2 08-15-14 11:01 AM

Quote:

Originally Posted by Countdown48 (Post 16925236)
Does anybody know what local markets tend to be by region? I'm in Indiana's largest city so there is some market but I'm sure prices are much lower than states that are warm all year. There is one guy who flips bikes in my area but his craigslist prices always seem way too high and I have no way of knowing what he actually sells them for.

I would think Bloomington would be a good market starting right now as students and visiting scholars populate the campus. I used to live in Ann Arbor, but moved an hour east. I still visit on Wednesdays to partake in a wine tasting club. So I advertise in Ann Arbor and say I am available on Wednesdays, sometimes 3-4 showings in an afternoon. I will meet near campus as many don't have vehicles. The students in South Bend may be wealthier and can by higher end bikes, but they already own Lexus SUVs and BMWs, and the drive is 2X further! :)

StarBiker 08-24-14 07:46 PM

Quote:

Originally Posted by wrk101 (Post 17040564)
The hottest markets out there are not warm all year. Think Toronto, NYC, Minneapolis, even Portland, Oregon. Based on riding weather, San Diego should be the best market. It's not.

Any city from DC to Boston along the 95 corridor.


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