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 09-15-12, 07:27 PM   #1
Mercian Rider
Senior Member
Thread Starter
 
Mercian Rider's Avatar
 
Join Date: Jul 2011
Location: Ohio
Bikes: 1973 Mercian Pro, 1972-73 Peugeot Track, 1983 Lotus Competition, Early 1970s Bottecchia Pro/Giro, 2000 Bob Jackson Special Tourist, 2011 Rivendell A. Homer Hilsen; 1996 Franklin custom
Posts: 764
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Lotus Legend with Shimano Arabesque

Seller asking $300 on local CL.

What's fair?

Mercian Rider is offline   Reply With Quote
Old 09-15-12, 07:33 PM   #2
Vonruden 
Senior Member
 
Vonruden's Avatar
 
Join Date: Mar 2012
Location: Ocean County, NJ
Bikes: 3Rensho, JP Weigle, Bruce Gordon, Ebisu and a few others
Posts: 2,246
Mentioned: 7 Post(s)
Tagged: 0 Thread(s)
Quoted: 38 Post(s)
I would pay that if 1st gen Arabesque...maybe more
__________________
"My biggest fear is that when I die my wife will sell my bicycles for what I told her they cost."

Get on your bikes and ride!

https://instagram.com/norseamerican/
Vonruden is offline   Reply With Quote
Old 09-16-12, 04:22 AM   #3
Veloh
Senior Member
 
Join Date: May 2011
Bikes:
Posts: 544
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
For me, I would look around $250. If you're really attached to it, $300 is pretty fair for a mid-upper level bike with solid Japanese craftsmanship. Also depends how much work you need to put into it.
Veloh is offline   Reply With Quote
Old 09-16-12, 06:04 AM   #4
Snydermann 
Lotus Monomaniac
 
Snydermann's Avatar
 
Join Date: Mar 2011
Location: Pennsylvania
Bikes:
Posts: 1,047
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
In my opinion, that's upper-high end price for that particular bike, although I have seen minty original examples sell for much more.

It's difficult to tell from that photo, but I can see for sure that the saddle, chainrings, seatpost, cables and possibly the handlebars are not original to the bike. It's also obviously missing the pedals, reflectors, spoke guard and some of the decals. I'd also check that the rims are the original Ukai 700 x 25c as their profile looks odd to me in that photo, but it might just be the photo. Minus more value points if it's missing the gold uniglide chain.

On the good side, the Sky Yellow is the most difficult to find of the three available colors and was ony used on the 1980-82 Legend. If the paint is in great shape that's where a lot of the collector value will be in that bike.
__________________
Always searching for Lotus literature and memorabilia for use at www.VintageLOTUSbicycles.com, can you help?
Snydermann is offline   Reply With Quote
Old 09-16-12, 06:57 AM   #5
Mercian Rider
Senior Member
Thread Starter
 
Mercian Rider's Avatar
 
Join Date: Jul 2011
Location: Ohio
Bikes: 1973 Mercian Pro, 1972-73 Peugeot Track, 1983 Lotus Competition, Early 1970s Bottecchia Pro/Giro, 2000 Bob Jackson Special Tourist, 2011 Rivendell A. Homer Hilsen; 1996 Franklin custom
Posts: 764
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Forgive the photo quality--these are from the ad.

I hacve no special attachment to the bike--just like the brand, way it looks, and the Arabesue.



Mercian Rider is offline   Reply With Quote
Old 09-16-12, 07:01 AM   #6
IthaDan 
Senior Member
 
IthaDan's Avatar
 
Join Date: Jan 2012
Location: Ithaca, NY
Bikes: Click on the #YOLO
Posts: 4,880
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 8 Post(s)
Fwiw, I got my black legend for $150. I also felt like I got an amazing deal at that price. Pictures in the linked album of the bike without brake hoods reflect its condition at time of purchase.

http://imgur.com/a/8LIjT
__________________

Shimano : Click :: Campy :: Snap :: SRAM : Bang
IthaDan is offline   Reply With Quote
Old 09-16-12, 07:11 AM   #7
Mercian Rider
Senior Member
Thread Starter
 
Mercian Rider's Avatar
 
Join Date: Jul 2011
Location: Ohio
Bikes: 1973 Mercian Pro, 1972-73 Peugeot Track, 1983 Lotus Competition, Early 1970s Bottecchia Pro/Giro, 2000 Bob Jackson Special Tourist, 2011 Rivendell A. Homer Hilsen; 1996 Franklin custom
Posts: 764
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by IthaDan View Post
Fwiw, I got my black legend for $150. I also felt like I got an amazing deal at that price. Pictures in the linked album of the bike without brake hoods reflect its condition at time of purchase.

http://imgur.com/a/8LIjT
That's a nice one! And it has the chainguard and other stuff this one does not.
Mercian Rider is offline   Reply With Quote
Old 09-16-12, 07:29 AM   #8
Snydermann 
Lotus Monomaniac
 
Snydermann's Avatar
 
Join Date: Mar 2011
Location: Pennsylvania
Bikes:
Posts: 1,047
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by IthaDan View Post
Fwiw, I got my black legend for $150. I also felt like I got an amazing deal at that price. Pictures in the linked album of the bike without brake hoods reflect its condition at time of purchase.
http://imgur.com/a/8LIjT
Dan stole that bike! It does have all of the parts commonly missing on the average Lotus Legend bike, which can be hard to find and expensive for what they are. It's all in the details, in my opinion.
__________________
Always searching for Lotus literature and memorabilia for use at www.VintageLOTUSbicycles.com, can you help?
Snydermann is offline   Reply With Quote
Old 09-16-12, 09:34 AM   #9
KonAaron Snake 
Fat Guy on a Little Bike
 
KonAaron Snake's Avatar
 
Join Date: Jun 2008
Location: Philadelphia, PA
Bikes: Two wheeled ones
Posts: 15,195
Mentioned: 8 Post(s)
Tagged: 0 Thread(s)
Quoted: 183 Post(s)
I'm going to differ a little here - $300 is reasonable for a good quality Japanese bike like that and, at least in my area, prices on the Japanese bikes are moving up quickly. I don't think it's a collector piece, but $300 for a good quality frame with solid parts is a solid buy - especially with such a beautiful paint job. My personal view is that Lotus had the nicest touches and flourishes of the Japanese bikes.

I feel I could get over $300 for that in my area marketed well. Maybe close to $400, certainly $350.
KonAaron Snake is offline   Reply With Quote
Old 09-16-12, 09:49 AM   #10
Mercian Rider
Senior Member
Thread Starter
 
Mercian Rider's Avatar
 
Join Date: Jul 2011
Location: Ohio
Bikes: 1973 Mercian Pro, 1972-73 Peugeot Track, 1983 Lotus Competition, Early 1970s Bottecchia Pro/Giro, 2000 Bob Jackson Special Tourist, 2011 Rivendell A. Homer Hilsen; 1996 Franklin custom
Posts: 764
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Thanks everyone. I'm going to look at it in about an hour. I'll report back.
Mercian Rider is offline   Reply With Quote
Old 09-16-12, 10:17 AM   #11
KonAaron Snake 
Fat Guy on a Little Bike
 
KonAaron Snake's Avatar
 
Join Date: Jun 2008
Location: Philadelphia, PA
Bikes: Two wheeled ones
Posts: 15,195
Mentioned: 8 Post(s)
Tagged: 0 Thread(s)
Quoted: 183 Post(s)
Quote:
Originally Posted by Mercian Rider View Post
Thanks everyone. I'm going to look at it in about an hour. I'll report back.
I didn't notice the size - that limits market. I think he may have a tough time getting $300 actually.
KonAaron Snake is offline   Reply With Quote
Old 09-16-12, 11:11 AM   #12
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: 19,976
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 10 Post(s)
It really depends on the market. If it is high, it might be $50 too high. As a keeper, so what, as long as it fits within your budget, is the right size, etc. All about condition.

You could do a lot worse for $300.
__________________
See my vintage steel bike tribute page on facebook: http://www.facebook.com/BillsVintageSteelBikes
wrk101 is offline   Reply With Quote
Old 09-16-12, 11:36 AM   #13
FastJake
Constant tinkerer
 
FastJake's Avatar
 
Join Date: May 2010
Location: Madison, Wisconsin
Bikes:
Posts: 7,577
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
I think it's a great looking bike, I really like the paint and the chrome stays and fork ends. Mid-upper end bike with Arabesque, I'd pay that if I wanted it. I think the price is reasonable if maybe a bit high.
FastJake is offline   Reply With Quote
Old 09-16-12, 01:03 PM   #14
Mercian Rider
Senior Member
Thread Starter
 
Mercian Rider's Avatar
 
Join Date: Jul 2011
Location: Ohio
Bikes: 1973 Mercian Pro, 1972-73 Peugeot Track, 1983 Lotus Competition, Early 1970s Bottecchia Pro/Giro, 2000 Bob Jackson Special Tourist, 2011 Rivendell A. Homer Hilsen; 1996 Franklin custom
Posts: 764
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
$200

It's 23in. c-t

It's in nice shape, rides well, but is far from pristine--I'd say well used but not abused. I'm already having fun riding it.

For the database, serial # MHO 1301

Thanks for all your help!

Last edited by Mercian Rider; 09-16-12 at 02:24 PM.
Mercian Rider is offline   Reply With Quote
Old 09-16-12, 01:05 PM   #15
IthaDan 
Senior Member
 
IthaDan's Avatar
 
Join Date: Jan 2012
Location: Ithaca, NY
Bikes: Click on the #YOLO
Posts: 4,880
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 8 Post(s)
Awesome. I need to catch up with snydermann, I see these from time to time and could easily record the serials.
__________________

Shimano : Click :: Campy :: Snap :: SRAM : Bang
IthaDan is offline   Reply With Quote
Old 09-16-12, 03:03 PM   #16
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: 19,976
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 10 Post(s)
Quote:
Originally Posted by Mercian Rider View Post
$200

It's 23in. c-t

It's in nice shape, rides well, but is far from pristine--I'd say well used but not abused. I'm already having fun riding it.

For the database, serial # MHO 1301

Thanks for all your help!
You did well! And the rare color is a nice plus.
__________________
See my vintage steel bike tribute page on facebook: http://www.facebook.com/BillsVintageSteelBikes
wrk101 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 01:34 PM.