Cycling and bicycle discussion forums. 
   Click here to join our community Log in to access your Control Panel  


Go Back   > >

Classic and Vintage Bicycles: What's it Worth? Appraisals and Inquiries Use this subforum for all requests as to "How much is this vintage bike worth?"Do NOT try to sell it in here, use the Marketplaces.

User Tag List

Reply
 
Thread Tools Search this Thread
Old 08-31-09, 02:06 PM   #1
Bearonabike
Senior Member
Thread Starter
 
Bearonabike's Avatar
 
Join Date: Aug 2006
Location: Space Coast of Florida
Bikes: Jamis Aurora, Trek 7100, Fuji S10S (Primary Bike), Woodrup
Posts: 1,043
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 4 Post(s)
How to price a vintage bike.

I am considering the sale of my 1990 Trek 1200. Here's the problem, cars have the Kelly Blue Book, so do boats and planes. How do you estimate the price of a vintage bike?
Bearonabike is offline   Reply With Quote
Old 08-31-09, 02:07 PM   #2
cuda2k
Unique Vintage Steel
 
cuda2k's Avatar
 
Join Date: May 2005
Location: Allen, TX
Bikes: Kirk Frameworks JKS-C, Serotta Nova, Gazelle AB-Frame, Fuji Team Issue, Schwinn Crosscut, All-City Space Horse
Posts: 11,486
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 2 Post(s)
http://www.bikeforums.net/classic-vintage-bicycles-what-s-worth-appraisals-inquiries/
cuda2k is offline   Reply With Quote
Old 08-31-09, 02:09 PM   #3
big_heineken
Just keep pedalling!
 
big_heineken's Avatar
 
Join Date: Oct 2008
Location: Spring, TX
Bikes: 1987 Schwinn Circuit, 1987 Panasonic DX-4000, 1984 Peugeot PSV10, 1989 Centurion Prestige, 1973 Raleigh Sprite, 1987 Peugeot Canyon Express, ~1986 Raleigh Capri, 1994 Trek 850, 1984 Centurion Pro Tour 15, 2012 Gravity Zilla
Posts: 439
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I usually try to sell bikes at what I think I would pay for them. I usually list them at $20 over that and include o.b.o. Usually if it's a fair price you won't get too many lowballers. I have only sold a few bikes, but none of the buyers have tried to talk me down. I've been lucky I guess.
big_heineken is offline   Reply With Quote
Old 08-31-09, 02:22 PM   #4
wrk101
DRF aka Thrifty Bill
 
wrk101's Avatar
 
Join Date: Jan 2008
Location: The NC Mountains
Bikes: 86 Katakura Silk, 87 Prologue, 87 Cimarron, 14 frame school custom, 73 Paramount
Posts: 19,973
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 8 Post(s)
Either you start watching your local market (if you want to sell it locally) or start tracking similar sales on ebay. It is pretty easy watching either market, just scan C/L regularly, ditto ebay completed transactions. You will need to go past just your model and look at similar bikes (similar components, era, shifters, good brands, etc.) That will give you a feel for the market. Then you have to decide whether your bike is better than the usual ones on the market, similar, or perhaps not as nice condition wise. To sell on ebay you need to be an established seller, good at marketing your bike, ready and able to ship it, with positive feedback on prior bicycle sales, or you likely will get a price well below market.

To sell locally, you have to take some great pics, write a good ad, and spend time showing the bike (and getting a lot of no shows probably)...

Or you can ask someone what it is worth. There are three caveats with such a request. First, every market is different, so there are areas that are red hot pricing wise, and the rest of us. Secondly, if you ask via the internet, the advice of course will not include an in person inspection. Third, there are many that will give you a price, not based on ANY recent selling experience, but just because they know.... I see several postings where "a friend told me it was worth $300". How many bikes has the friend sold

Sometimes you still will get it wrong. Price it too high, and you will know, as it does not sell. Price it too low, and there is no problem selling, but you will never know what it was "really" worth. But if you get what you want for it, the difference between too low and the market may only be $50 or $75. So we are not talking about life altering money.

In general, steel bikes command a higher price than alloy frames. You will see a significant difference between vintage steel Treks and aluminum frames, and many cost about the same when they were made. Buyers just prefer steel. Steel Treks are very popular right now.
wrk101 is offline   Reply With Quote
Old 08-31-09, 02:50 PM   #5
USAZorro
Seņor Member
 
USAZorro's Avatar
 
Join Date: Oct 2004
Location: Florence, KY
Bikes: 1954 Hetchins M.O., 1959 Viking Severn Valley, 1970 Raleigh Pro, 1972 Fuji "The Finest", 1974 Raleigh Superbe&Comp, 1976 Raleigh Team Pro, 1996 Giant Iguana, 2000 Bob Jackson Arrowhead
Posts: 14,422
Mentioned: 4 Post(s)
Tagged: 0 Thread(s)
Quoted: 23 Post(s)
This is purely a pricing inquiry. Moving to the appraisal subforum.
__________________
In search of what to search for.
USAZorro is online now   Reply With Quote
Old 08-31-09, 04:00 PM   #6
miamijim
Senior Member
 
miamijim's Avatar
 
Join Date: Aug 2003
Location: Tampa, Florida
Bikes:
Posts: 13,250
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 24 Post(s)
I sold a mint 1200 fully refurbished for $275 about a month ago.
__________________
WWW.CYCLESPEUGEOT.COM 1984 Schwinn Paramount; 1987 Schwinn Paramount; 1975 Tom Ritchey, 198X Vitus
miamijim is offline   Reply With Quote
Old 08-31-09, 07:41 PM   #7
RobbieTunes 
Idiot Pro Tempo
 
RobbieTunes's Avatar
 
Join Date: Dec 2007
Location: NC
Bikes: at Pedal Room
Posts: 20,388
Mentioned: 6 Post(s)
Tagged: 0 Thread(s)
Quoted: 105 Post(s)
I"m no statistician, so don't be taking potshots at my logic. It works, in my world.

1-Do your homework, like wrk101 says, on CL and eBay.
a) Know the market in general for a similarly equipped bike. (RANGE)
b) Figure out what differences there are in bikes above and below that range.


2-Get specific.
a) Know the pros of your bike inside that range above, i.e. what makes it better?
b) Know the cons of your bike inside that range above, i.e. what makes it worse?

3-Adjust with an eye towards attracting buyers and negotiating.
a) Too high original price to even draw an inquiry.
b) Too low orginal price results in quick sale, but could you have used the extra $$?)

For example, let's take your 1990 Trek 1200. I haven't a clue what it's worth, by the way.
1.
a) Down tube shifting, indexed, 700c bikes are going for $100-$275, from 1985 models to 1991's.
b) Friction shifting bikes are going for $50-$150, STI bikes are going $250-$450

2.
a) The Trek aluminum bikes with 105 or 600 are going towards top of a) range above.
b) STI bikes, even with Tiagra, are going higher because of ease of use for entry-levely buyers.

3.
a) $325 OBO may drive away folks who can get an STI bike for that, so they don't even call.
b) $200 firm may get you a buyer the first night, and it's gone but you could have gotten more.

In this case, merely an example, it looks like $200 is too low, and $325 may drive away lookers, so you lower the price, to $300 OBO or thereabouts, and hope to get $250-$275.

If you look closely, it's not rocket science, and trust your intuition. If you focus too much on any pro or con, you're getting off center. Stick to reasonable logic, and it'll sell. You may not get what you wanted, the buyer may pay more than he/she wanted, and that, then, would be a "fair market value," also defined as "an agreed cash price between an uncompelled buyer and an ucompelled seller."
__________________

Robbie ♪♫♪...☻

Friends don't let friends drink and wrench.

1985 Raleigh Competition Racing USA Series-Coleman made me do it.....
1987 Bridgestone Radac - Aluminum (sadly, the frame is toast, RD hanger snapped off)
1988 Centurion Dave Scott Ironman Master - Steel
1989 Centurion Carbon-R - Carbon Fiber

http://www.pedalroom.com/members/RobbieTunes
RobbieTunes is offline   Reply With Quote
Old 09-01-09, 04:48 PM   #8
wrk101
DRF aka Thrifty Bill
 
wrk101's Avatar
 
Join Date: Jan 2008
Location: The NC Mountains
Bikes: 86 Katakura Silk, 87 Prologue, 87 Cimarron, 14 frame school custom, 73 Paramount
Posts: 19,973
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 8 Post(s)
It would be really tough to get $275 for a 1990 Trek 1200 around here. As I mentioned earlier, vintage aluminum framed bikes have less interest/less market. Around here, $225 in ready to ride condition, maybe $250 to the right buyer. So I might list it at $250, and expect to get $225. If it had STI, it would be worth at least $300.
wrk101 is offline   Reply With Quote
Old 09-01-09, 04:52 PM   #9
tmh657
Senior Member
 
tmh657's Avatar
 
Join Date: Aug 2008
Location: SoCal
Bikes: A few BSO's.
Posts: 2,461
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 11 Post(s)
[QUOTE=1-Do your homework, like wrk101 says, on CL and eBay.
a) Know the market in general for a similarly equipped bike. (RANGE)
b) Figure out what differences there are in bikes above and below that range.

3-Adjust with an eye towards attracting buyers and negotiating.
a) Too high original price to even draw an inquiry.
b) Too low orginal price results in quick sale, but could you have used the extra $$?
[/QUOTE]

A lot of good info there. I adhere to the general principles when selling, start a little high and expect to sell lower.
A couple of times I have listed a bike at what it should sell for and people were 5 deep waiting to buy it. 1 time a guy offered me more than asking price but someone was on the way over to buy it so I said no.

I don't think I had undervalued the bikes since I did the research and maybe asked on the BF.
In these cases do you just shrug your shoulders and say to yourself.."self, you priced it to sell fast ?"..
or do you ask the buyer if he would have paid more?

I forgot to quote the part.. It's not rocket science. +1 on that since it may be the difference of $25 to $50, not $10,000
tmh657 is offline   Reply With Quote
Old 09-02-09, 11:20 AM   #10
epicurean
Senior Member
 
Join Date: Sep 2005
Location: Philadelphia's western 'burbs
Bikes: '89 Bridgestone MB-3, '91 Bridgestone CB-0, '92 Bridgestone RB-2, '94 Bridgestone MB-2, '96 Trek 8000, '05 Jamis Dakar XC Expert
Posts: 238
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Lots of good advice in this thread. For what it's worth, I recently sold this completely rehabbed '89 1400 for $340 on Philly's Craigslist. (Basically the same as an '89 1200 except for a bonded aluminum vs. steel fork). I had plenty of interest, and the first guy to ride it snapped it up without hesitation. Just goes to show how some markets can impart a higher value on any given bike--Philly in the summertime is a seller's dream...



epicurean is offline   Reply With Quote
Old 09-02-09, 01:59 PM   #11
UraLLomax
Newbie
 
Join Date: Sep 2009
Bikes:
Posts: 1
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
bicycle appraisals

I am a certified appraiser. I have been doing bicycles, cars, motorcycles, and airplanes for 20 years. I can do an appraisal on any bicycle for $50.00. I can be reached at 301-520-2109 for details.
UraLLomax is offline   Reply With Quote
Old 09-02-09, 02:16 PM   #12
miamijim
Senior Member
 
miamijim's Avatar
 
Join Date: Aug 2003
Location: Tampa, Florida
Bikes:
Posts: 13,250
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 24 Post(s)
Quote:
Originally Posted by UraLLomax View Post
I am a certified appraiser. I have been doing bicycles, cars, motorcycles, and airplanes for 20 years. I can do an appraisal on any bicycle for $50.00. I can be reached at 301-520-2109 for details.
Good luck, I do appraisals for free.
__________________
WWW.CYCLESPEUGEOT.COM 1984 Schwinn Paramount; 1987 Schwinn Paramount; 1975 Tom Ritchey, 198X Vitus
miamijim is offline   Reply With Quote
Old 09-02-09, 10:32 PM   #13
Ronsonic
Senior Member
 
Join Date: Dec 2005
Location: Sunny Tampa, Florida
Bikes:
Posts: 1,237
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 15 Post(s)
Quote:
Originally Posted by miamijim View Post
Good luck, I do appraisals for free.
Yeah, but you don't tell people what they want to hear and put it in writing.
Ronsonic is offline   Reply With Quote
Old 09-06-09, 10:26 AM   #14
Poguemahone
Vello Kombi, baby
 
Poguemahone's Avatar
 
Join Date: Dec 2002
Location: Je suis ici
Bikes:
Posts: 5,057
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by UraLLomax View Post
I am a certified appraiser. I have been doing bicycles, cars, motorcycles, and airplanes for 20 years. I can do an appraisal on any bicycle for $50.00. I can be reached at 301-520-2109 for details.
Not worth it for most of the bikes we deal with, and certainly not worth it for an early nineties Trek. Your appraisal fee is between a third and sixth of the maket value of the bike; OP, you're likely to price it in that range anyhoo. Getting a paid appraisal at that cost on a bike like this is likely either to be a net loss or at best a net zero.

And anything that it is worth an appraisal (eg, Rene Herse) I'd be doing a lot of research beforehand anyhoo.

Plus, bike pricing is very market dependent right now, esp. on your basic road bike. I'd place a Trek like the OP has in the 250-300 range in the RVA market, lower than the philly market but higher than the North Carolina market (see estimates in prior posts). Probably even higher in NYC or SF. There's a good 100- 150$ value variation just in the location of the bike, frankly. Unless you can account for this, the appraisal isn't worth much.

Frame size is also a current issue, with smaller and larger frames of the exact same bike having different values, the smaller frames being worth more, in some cases quite a bit more.
__________________
"It's always darkest right before it goes completely black"

Waste your money! Buy my comic book!
Poguemahone is offline   Reply With Quote
Old 09-06-09, 11:08 AM   #15
miamijim
Senior Member
 
miamijim's Avatar
 
Join Date: Aug 2003
Location: Tampa, Florida
Bikes:
Posts: 13,250
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 24 Post(s)
Quote:
Originally Posted by Ronsonic View Post
Yeah, but you don't tell people what they want to hear and put it in writing.
No and yes respectively. I'll only do honest appraisals.
__________________
WWW.CYCLESPEUGEOT.COM 1984 Schwinn Paramount; 1987 Schwinn Paramount; 1975 Tom Ritchey, 198X Vitus
miamijim is offline   Reply With Quote
Old 09-06-09, 11:08 AM   #16
cb400bill
Forum Moderator
 
cb400bill's Avatar
 
Join Date: Jul 2007
Location: Kalamazoo MI
Bikes: Yes
Posts: 11,798
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 64 Post(s)
I don't flip many bikes, but this is some great advice. Thanks RobbieTunes.

Quote:
Originally Posted by RobbieTunes View Post
I"m no statistician, so don't be taking potshots at my logic. It works, in my world.

1-Do your homework, like wrk101 says, on CL and eBay.
a) Know the market in general for a similarly equipped bike. (RANGE)
b) Figure out what differences there are in bikes above and below that range.


2-Get specific.
a) Know the pros of your bike inside that range above, i.e. what makes it better?
b) Know the cons of your bike inside that range above, i.e. what makes it worse?

3-Adjust with an eye towards attracting buyers and negotiating.
a) Too high original price to even draw an inquiry.
b) Too low orginal price results in quick sale, but could you have used the extra $$?)

For example, let's take your 1990 Trek 1200. I haven't a clue what it's worth, by the way.
1.
a) Down tube shifting, indexed, 700c bikes are going for $100-$275, from 1985 models to 1991's.
b) Friction shifting bikes are going for $50-$150, STI bikes are going $250-$450

2.
a) The Trek aluminum bikes with 105 or 600 are going towards top of a) range above.
b) STI bikes, even with Tiagra, are going higher because of ease of use for entry-levely buyers.

3.
a) $325 OBO may drive away folks who can get an STI bike for that, so they don't even call.
b) $200 firm may get you a buyer the first night, and it's gone but you could have gotten more.

In this case, merely an example, it looks like $200 is too low, and $325 may drive away lookers, so you lower the price, to $300 OBO or thereabouts, and hope to get $250-$275.

If you look closely, it's not rocket science, and trust your intuition. If you focus too much on any pro or con, you're getting off center. Stick to reasonable logic, and it'll sell. You may not get what you wanted, the buyer may pay more than he/she wanted, and that, then, would be a "fair market value," also defined as "an agreed cash price between an uncompelled buyer and an ucompelled seller."
cb400bill is online now   Reply With Quote
Old 09-06-09, 11:19 AM   #17
RobbieTunes 
Idiot Pro Tempo
 
RobbieTunes's Avatar
 
Join Date: Dec 2007
Location: NC
Bikes: at Pedal Room
Posts: 20,388
Mentioned: 6 Post(s)
Tagged: 0 Thread(s)
Quoted: 105 Post(s)
You're quite welcome. Sorry about that game last night. The OU/OSU game is going to be huge.

And here's the market difference that proves Poguemahone's point:
Trek 1200 Road Bicycle - $175 (N. Raleigh)

Date: 2009-09-05, 4:50PM EDT
Reply to: sale-tsqan-1360205190@craigslist.org [Errors when replying to ads?]

58 cm. Shimano RX 100 brakes and gears, 14 speeds, index shifters on the down tube, toe straps, water bottle holder. All aluminum body.
Excellent bicycle for beginner.
  • Location: N. Raleigh
  • it's NOT ok to contact this poster with services or other commercial interests
__________________

Robbie ♪♫♪...☻

Friends don't let friends drink and wrench.

1985 Raleigh Competition Racing USA Series-Coleman made me do it.....
1987 Bridgestone Radac - Aluminum (sadly, the frame is toast, RD hanger snapped off)
1988 Centurion Dave Scott Ironman Master - Steel
1989 Centurion Carbon-R - Carbon Fiber

http://www.pedalroom.com/members/RobbieTunes
RobbieTunes is offline   Reply With Quote
Old 09-06-09, 12:56 PM   #18
cudak888 
www.theheadbadge.com
 
cudak888's Avatar
 
Join Date: Sep 2005
Location: Southern Florida
Bikes: http://www.theheadbadge.com
Posts: 22,744
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by UraLLomax View Post
I am a certified appraiser. I have been doing bicycles, cars, motorcycles, and airplanes for 20 years. I can do an appraisal on any bicycle for $50.00. I can be reached at 301-520-2109 for details.
I'm a highly reputable vintage bicycle scholar & expert, and I'm undercutting you by $5 for anyone's first Vintage Valuation, and by $10 for all additional valuations:

'The Headbadge': Classic & Vintage Bicycle Appraisal Services



-Kurt
__________________
cudak888 is offline   Reply With Quote
Old 09-06-09, 05:26 PM   #19
miamijim
Senior Member
 
miamijim's Avatar
 
Join Date: Aug 2003
Location: Tampa, Florida
Bikes:
Posts: 13,250
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 24 Post(s)
Quote:
Originally Posted by RobbieTunes View Post
You're quite welcome. Sorry about that game last night. The OU/OSU game is going to be huge.

And here's the market difference that proves Poguemahone's point:
Trek 1200 Road Bicycle - $175 (N. Raleigh)

Date: 2009-09-05, 4:50PM EDT
Reply to: sale-tsqan-1360205190@craigslist.org [Errors when replying to ads?]

58 cm. Shimano RX 100 brakes and gears, 14 speeds, index shifters on the down tube, toe straps, water bottle holder. All aluminum body.
Excellent bicycle for beginner.
  • Location: N. Raleigh
  • it's NOT ok to contact this poster with services or other commercial interests

That doesnt mean anything either. Although its advertised for $175 it could be worth more. Thats like saying a Pinarello or Colnago is only worth $50 becasue it was advertised for that much or because one of us stumbled upon one at a garage sale.
__________________
WWW.CYCLESPEUGEOT.COM 1984 Schwinn Paramount; 1987 Schwinn Paramount; 1975 Tom Ritchey, 198X Vitus
miamijim is offline   Reply With Quote
Old 09-07-09, 08:56 AM   #20
Poguemahone
Vello Kombi, baby
 
Poguemahone's Avatar
 
Join Date: Dec 2002
Location: Je suis ici
Bikes:
Posts: 5,057
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by miamijim View Post
That doesnt mean anything either. Although its advertised for $175 it could be worth more. Thats like saying a Pinarello or Colnago is only worth $50 becasue it was advertised for that much or because one of us stumbled upon one at a garage sale.

True. But put a philly price-- 340$-- on that bike in RT's market, and it ain't gonna move. In Philly, apparently multiple inquiries.

Put $175 on that bike in RVA, which is a higher priced market, and it would be gone within the day, with multiple calls.

I don't think anyone here denies the central point-- different markets, sometimes vastly different valuations on the same ride. Natch, individual items may be priced lower or higher, and may of us get lucky and pay well below market for some cool stuff. But most of us are at least reasonably good at searching up old bikes.
__________________
"It's always darkest right before it goes completely black"

Waste your money! Buy my comic book!

Last edited by Poguemahone; 09-07-09 at 09:07 AM.
Poguemahone is offline   Reply With Quote
Old 09-07-09, 09:00 AM   #21
Poguemahone
Vello Kombi, baby
 
Poguemahone's Avatar
 
Join Date: Dec 2002
Location: Je suis ici
Bikes:
Posts: 5,057
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by cudak888 View Post
I'm a highly reputable vintage bicycle scholar & expert, and I'm undercutting you by $5 for anyone's first Vintage Valuation, and by $10 for all additional valuations:

'The Headbadge': Classic & Vintage Bicycle Appraisal Services



-Kurt
Haw!

I wanted to send a bike in to be appraised, but the part in the contract about the party of the first part, atsa no good.

I've always appraised stuff for free when it's been bought to me, but I find folks are often more interested in pinnning down model details than price. They usually have one of those already in their head, and it's almost always way, way too high.
__________________
"It's always darkest right before it goes completely black"

Waste your money! Buy my comic book!
Poguemahone is offline   Reply With Quote
Old 09-07-09, 10:40 AM   #22
cudak888 
www.theheadbadge.com
 
cudak888's Avatar
 
Join Date: Sep 2005
Location: Southern Florida
Bikes: http://www.theheadbadge.com
Posts: 22,744
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by Poguemahone View Post
Haw!

I wanted to send a bike in to be appraised, but the part in the contract about the party of the first part, atsa no good.
Well, then you should have come to the second party. We didn't get home 'till 3am.

-Kurt
__________________
cudak888 is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -6. The time now is 09:13 AM.