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Old 04-02-07, 11:06 AM   #1
DEK
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Opinions on price

I would like to ask for honest opinions on this price. As you can see, I posted this on 3/29 (2nd posting) but have not received any responses. Am I asking too much?

http://chicago.craigslist.org/nwc/bik/302424932.html

Thanks.
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Old 04-02-07, 11:14 AM   #2
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Well, $400 is a fair price for this bike, IMHO, but it is a bit on the small side, so that will eliminate a fair amount of "average sized" persons who may other wise be interested. And, being on Craigslist, even in Chicago, people may be more interested in "deals" than paying a fair price. To get your $400, it would be a good idea to list on ebay, thus expanding your client base to pretty much nation-wide, or even further. But, then you have to deal with shipping, ebay charges, etc.
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Old 04-02-07, 11:17 AM   #3
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531 frame with campagnolo record, good condition older brooks saddle, good condition and well known brand, I don't think your price is out of line. Especially for your market. It's not the deal that many people may be looking for, but I doubt I could buy a frame and put all the parts on the bike and spend any less for the same bike. I'd keep it at that price for the next week or two, repost it at the same price once, then drop it maybe to $375 in 3 weeks time.
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Old 04-02-07, 11:22 AM   #4
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Lower the seat and the stem (if you can). What should be a really sharp looking bike is a bit less appealing - especially due to the bar height.
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Old 04-02-07, 11:37 AM   #5
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I agree with zorro, and maybe even up the bars a bit, they look a little too much "downturned" in the photo.
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Old 04-02-07, 11:48 AM   #6
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I agree that you're asking a fair price, but I'd say most people on CL are looking for a bargain, not for a fair price (or at least I am!). You'll likely get closer to what you're asking on eBay, and you'll for sure get what you're asking if you part it out on eBay.

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Old 04-02-07, 11:49 AM   #7
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Put it on e-bay with 12 very nice pictures, Supersize option, list all components and measurements charge $60 flat rate shipping to lower 48 states and add a lenghty desription touting the virtues of the ride quality, vintage components and how you are only selling because (state reason) and you will get top $. Craigslist is for bargain hunters and people looking for bike old road bikes to convert to fixed gear/single speed on the cheap.

With e-bay you'll be able to reach that guy/girl in Olympia, Washington that just rediscovered his/her love for cylo-touring and aboslutely has to have a French bike and has a budget of $500. ( I made all that last part up, but you get my point )
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Old 04-02-07, 01:10 PM   #8
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If it was here and small enough for my wife to ride, I would gladly give you your price.
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Old 04-02-07, 01:43 PM   #9
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The seat and stem height adjustment would add some appeal. Small size is an issue, though. Does the bike have new cables, tubes, tires, or are they all in VG shape? Ad doesn't say. Are all the NR components matching dates? Ad doesn't say. And what is that date? (if original) that will nail your frame date down, too, rather than a generic "early 70's" dating. Also 5-3-1 is usually just called 531, so you look more "in the know". I personally think it's a fair price even with the small frame. Good luck.
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Old 04-02-07, 02:49 PM   #10
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yes to everything said so far. Also add that the bearings are all cleaned and repacked and it has new cables and good tires .
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Old 04-03-07, 06:36 AM   #11
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This is all great advice. Thanks a lot to everyone.

Not sure about the eBay thing tho. I'm not comfortable at all with eBay. Not that I'm all that comfortable with Craigslist either as this is the first time I've ever tried selling anything on the 'Net.

And there's a little part of me that doesn't want to part with my G.R. as it was my first and only road bike.
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Old 04-03-07, 09:00 PM   #12
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I've sold about 20 bikes on CL. Most were low priced bikes I flipped. Three were a little higher priced, well over $100. IMHO, fender 1 is right, CL is more of a bargain hunter venue. The three higher priced bikes took longer and had fewer responses. Add to that, you're selling a vintage/classic and you've got a very focused (smaller) group of buyers. I think you just need to have patience. But the comments about ebay are correct, you'll find a much larger group of potential buyers. You'll have to consider, the average ebay buyer calculates shipping and handling into the total price. On the other hand, you might find a fanatic, who'll bid way more than the bike is worth, like I did when I purchased my Nishiki Ariel frame. If you find two fanatics, your the winner.
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Old 04-04-07, 03:09 AM   #13
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Also, the frame does not look clean and polished. This could just be your pictures, but a vintage bike that looks as if the seller has taken the time to restore the old surfaces so that the paint looks nearly new and the alloy gleams--- well that would hook me. Best of luck.
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Old 04-04-07, 06:41 AM   #14
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Quote:
Originally Posted by pastorbobnlnh
Also, the frame does not look clean and polished. This could just be your pictures, but a vintage bike that looks as if the seller has taken the time to restore the old surfaces so that the paint looks nearly new and the alloy gleams--- well that would hook me. Best of luck.
Part of it is the pictures but part of it is the bike itself; or should I say the owner. I'm basically a lazy person and I never really took the time to keep my bike as clean and polished as I should. I was planning on doing this before selling it but, as I said, I'm lazy. Hopefully, it's new owner will give more TLC.
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Old 04-04-07, 06:41 AM   #15
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Quote:
Originally Posted by pastorbobnlnh
Also, the frame does not look clean and polished. This could just be your pictures, but a vintage bike that looks as if the seller has taken the time to restore the old surfaces so that the paint looks nearly new and the alloy gleams--- well that would hook me. Best of luck.
+1 Take the bike outside to someplace with a nice backdrop (green grass would work well with your silver bike), for photos. If it's a sunny day, early morning or late evening gives the best light.
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Old 04-04-07, 09:21 AM   #16
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I think your price is fair, probably the most you could expect for this make & model. Lowest price I have seen for a Grand Record of similar size & condition was at the Seattle Swap meet some years ago, it had sewup tires & went for $250 to a fellow whose teenaged daughter wheedled him into the buy. As to the buyer in Olympia scenario, there are some high quality vintage bikes in our Puget Sound area & you could likely get more than an upper level Moto for $500 if you shopped around. Don
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Old 04-04-07, 09:46 AM   #17
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Quote:
Originally Posted by nlerner
I agree that you're asking a fair price, but I'd say most people on CL are looking for a bargain, not for a fair price (or at least I am!).
Neal
+1 on that! Don't forget c&v collectors are spoilt for choice AND mostly patiently waiting for a deal to come up. UNLESS you catch the attention of somebody who's been looking for that particular model, in that particular size for some time; THEN the fairness of the price will be an issue. That said, very nice bike you got there, hope you do reach an enthousiast!
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