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


Go Back   > >

Classic & Vintage This forum is to discuss the many aspects of classic and vintage bicycles, including musclebikes, lightweights, middleweights, hi-wheelers, bone-shakers, safety bikes and much more.

User Tag List

Reply
 
Thread Tools Search this Thread
Old 11-25-08, 06:56 AM   #1
social suicide
Senior Member
Thread Starter
 
social suicide's Avatar
 
Join Date: Oct 2007
Location: Marquette
Bikes:
Posts: 679
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
401K vs collectible bikes......

With every other investment vehicle in the toilet why are Raleigh Twentys , Schwinn Stingrays, and other collectible bikes still going up 20% or more per year (based on what I've seen selling on Ebay). Does a Krate bubble exist? When will it burst? What kind of bike would Suze Orman collect? I can see Jim Kramer on a Schwinn Manta Ray.
social suicide is offline   Reply With Quote
Old 11-25-08, 07:24 AM   #2
big chainring 
Senior Member
 
Join Date: Sep 2007
Location: Wilmette, IL
Bikes:
Posts: 5,719
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 96 Post(s)
I think Suze Orman would have a Schwinn Breeze. Shes filled with a lot of hot air. She creeps me out, Whats with the hairdo?
big chainring is offline   Reply With Quote
Old 11-25-08, 07:34 AM   #3
bbattle
.
 
bbattle's Avatar
 
Join Date: Aug 2005
Location: Rocket City, No'ala
Bikes: 2014 Trek Domane 5.2, 1985 Pinarello Trevisio, 1991 Colnago Master, '06 Bianchi San Jose, 1987 Moulton Fuso, 1990 Gardin Shred, '82 John Howard(Dave Tesch)
Posts: 12,568
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 6 Post(s)
And the teeth. The TEETH

bbattle is offline   Reply With Quote
Old 11-25-08, 07:48 AM   #4
jgedwa
surly old man
 
jgedwa's Avatar
 
Join Date: Sep 2006
Location: Carlisle, PA
Bikes: IRO Mark V, Karate Monkey half fat, Trek 620 IGH, Cannondale 26/24 MTB, Amp Research B3, and more.
Posts: 3,347
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 4 Post(s)
Don't loose sight of the fact that bike collecting is a small-time, marginal activity. Nothing wrong with that. But it does mean, as a small market, that prices will tend to be all over the place. As such, I think a person would have to be either very foolish or very brave to consider it a genuine investment opportunity.

As long as we are just playing around, collecting these things is fine. But, the minute we start actually putting our investment money into bikes, we need to get our heads checked.

jim
__________________
Cross Check Nexus7, IRO Mark V, Trek 620 Nexus7, Karate Monkey half fat, IRO Model 19 fixed, Amp Research B3, Surly 1x1 half fat fixed, and more...
--------------------------
SB forever
jgedwa is offline   Reply With Quote
Old 11-25-08, 08:01 AM   #5
urodacus
Large Member
 
urodacus's Avatar
 
Join Date: Nov 2006
Location: Okinawa
Bikes: 05 Giant TCR 0; 83 Colnago Saronni; 81 San Rensho Katana Super Export track bike, #A116-56; 97 GT Zaskar
Posts: 1,183
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
turning $100,000 into $200,000 would need a LOT of flipping and garage saleing to happen.

sure, small investments will pay off, but who wants to spend years making $100?
urodacus is offline   Reply With Quote
Old 11-25-08, 08:33 AM   #6
sciencemonster
Senior Member
 
Join Date: Nov 2007
Bikes:
Posts: 1,228
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Collecting follows the whims of the 50 year old boy. Ten, fifteen years ago it was a cowboy, Lionel and '57 Chevy bubble. Now it's a Stingrays (car and bike,) Starwars, and old decrepit rockstar bubble.

You'd be better off investing in Telebubbies.
sciencemonster is offline   Reply With Quote
Old 11-25-08, 11:43 AM   #7
canonizer
Senior Member
 
Join Date: Aug 2008
Bikes:
Posts: 146
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Collectibles are taking a massive hit. As described above, you can probably turn $50 bikes into $200, with a lot of labor. But you're not going to turn $50-$200 bikes into $1000 bikes without investing a ton of time finding super secret projects, and there just aren't enough of them out there. Also, people's disposable income is tanking too, so the people who might have been in the market for expensive bikes might now be looking for beaters.
canonizer is offline   Reply With Quote
Old 11-25-08, 12:22 PM   #8
repechage
Senior Member
 
Join Date: Jun 2006
Bikes:
Posts: 11,161
Mentioned: 8 Post(s)
Tagged: 0 Thread(s)
Quoted: 169 Post(s)
Late December it will be Ford Gran Torinos, as the new Clint Eastwood movie has one. Next MAy it will be 1966 Corvette Sting RAy convertibles, as the New Star Trek has a great scene with one driven by a very young James Tiberius Kirk.

I guess we need another bike movie, son of Breaking Away.
repechage is offline   Reply With Quote
Old 11-25-08, 12:38 PM   #9
bikemore 
Too many bikes
 
bikemore's Avatar
 
Join Date: Apr 2006
Location: Boston MA
Bikes:
Posts: 1,364
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by canonizer View Post
Also, people's disposable income is tanking too, so the people who might have been in the market for expensive bikes might now be looking for beaters.
$1200 for a pair of downtube shifters> or $500 for a headset? I don't think the disposable income has has been hit all that hard.
bikemore is offline   Reply With Quote
Old 11-25-08, 03:42 PM   #10
canonizer
Senior Member
 
Join Date: Aug 2008
Bikes:
Posts: 146
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by bikemore View Post
$1200 for a pair of downtube shifters> or $500 for a headset? I don't think the disposable income has has been hit all that hard.
The recession has barely started. Wait 2 years, unfortunately, and we'll see where people are with their disposable income.
canonizer is offline   Reply With Quote
Old 11-25-08, 04:13 PM   #11
luker
juneeaa memba!
 
Join Date: Oct 2003
Location: boogled up in...Idaho!
Bikes: Crap. The box is not big enough...
Posts: 5,629
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 2 Post(s)
Of course. Art is even more volatile.

That isn't why we have it, though. It is good for the soul.

Investments aren't all that entertaining, unless you are that rare guy that likes money for money's sake.
luker is offline   Reply With Quote
Old 11-25-08, 04:47 PM   #12
due ruote 
Senior Member
 
due ruote's Avatar
 
Join Date: Dec 2006
Bikes:
Posts: 5,506
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 69 Post(s)
Wait a second. Wouldn't you need to sell the bike to take the gain? Forget that.
due ruote is offline   Reply With Quote
Old 11-25-08, 06:12 PM   #13
roseskunk
Senior Member
 
roseskunk's Avatar
 
Join Date: Apr 2007
Bikes:
Posts: 631
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
you need to warn us when we open a thread and see an ugly pic like that. she's obnoxious. just one of the many reasons that i don't own a television.
roseskunk is offline   Reply With Quote
Old 11-25-08, 07:29 PM   #14
iab 
Senior Member
 
iab's Avatar
 
Join Date: Jun 2006
Location: NW Burbs, Chicago
Bikes:
Posts: 8,822
Mentioned: 21 Post(s)
Tagged: 0 Thread(s)
Quoted: 291 Post(s)
Quote:
Originally Posted by bikemore View Post
$1200 for a pair of downtube shifters> or $500 for a headset? I don't think the disposable income has has been hit all that hard.
The $1,200 was a good deal, HS sold one last year for $1,700, almost a 30% decline.
iab is offline   Reply With Quote
Old 11-26-08, 01:59 PM   #15
oldroads
Senior Member
 
oldroads's Avatar
 
Join Date: Feb 2002
Location: Massachusetts
Bikes:
Posts: 663
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
The Krate Bubble popped a few years ago.
The high prices for Schwinn Sting-Ray Krates and other musclebikes are now about half what they were back then.

I think it will be many years before collectible bicycles start gaining in value.
Over the next few years people will be putting their money into other things, like mortgage payments and new shortpants for Junior.

The trend I've seen over the past year or so is the rise in value of ridable commuters.
Brit 3-speeds of course, but also iron like Sears Free Spirit 5-speeds and non-lugged Columbia 10-speeds. Stuff we used to ignore or donate or recycle for scrap.

I see a lot of people who are not into bicycles using these as commuters.
So... If you're looking at bikes as an investment, and you have a big barn, buy all of the under $15 adult bikes you can find.
oldroads is offline   Reply With Quote
Old 11-26-08, 11:20 PM   #16
DavidW56
Senior Member
 
DavidW56's Avatar
 
Join Date: Jun 2008
Location: Metro Detroit
Bikes:
Posts: 1,236
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by oldroads View Post
The trend I've seen over the past year or so is the rise in value of ridable commuters.
Brit 3-speeds of course, but also iron like Sears Free Spirit 5-speeds and non-lugged Columbia 10-speeds. Stuff we used to ignore or donate or recycle for scrap.

I see a lot of people who are not into bicycles using these as commuters.
So... If you're looking at bikes as an investment, and you have a big barn, buy all of the under $15 adult bikes you can find.
Whoa! What a coincidence! I just happen to have rescued a Sears Free Spirit and a Columbia from the trash last week. I'm on my way to financial independence!!
DavidW56 is offline   Reply With Quote
Old 11-27-08, 12:37 AM   #17
luker
juneeaa memba!
 
Join Date: Oct 2003
Location: boogled up in...Idaho!
Bikes: Crap. The box is not big enough...
Posts: 5,629
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 2 Post(s)
overall, my bike portfolio has consistently outperformed any other investment that I have, excluding property. But I insist, that is not the reason to have that stuff. It is to use, and mess with, and learn about, and wonder about the lunatics that used to ride it in races over dirt mountain passes, and all of the other stuff that goes with it.


and...the cost of all of the bike crap that you fill your garage with won't make a dent


...in the bypass surgery that you'll be needing if you spend too much time on the couch.
luker is offline   Reply With Quote
Old 11-27-08, 04:23 AM   #18
cs1
Senior Member
 
cs1's Avatar
 
Join Date: Feb 2004
Location: Clev Oh
Bikes: Specialized, Schwinn
Posts: 6,705
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 34 Post(s)
Quote:
Originally Posted by social suicide View Post
With every other investment vehicle in the toilet why are Raleigh Twentys , Schwinn Stingrays, and other collectible bikes still going up 20% or more per year (based on what I've seen selling on Ebay). Does a Krate bubble exist? When will it burst? What kind of bike would Suze Orman collect? I can see Jim Kramer on a Schwinn Manta Ray.
Having been involved in the collectible industry for years I feel qualified to offer some insight on your comment. The value of collectibles usually stays steady or increases over time only when true collectors are the market. As investors invade a certain market you'll notice the price make sudden and large jumps just like you saw in the real estate market. You'll also see sudden and large drops when investors get out of the market.

When you're a collector, the rule of thumb is buy what you like not what you think will make you rich. You can't put a price on your hobby. Look at Cabbage Patch Kids and Beanie Baby's. The vintage bike market is headed that way IMO.
cs1 is offline   Reply With Quote
Old 11-27-08, 06:41 AM   #19
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: 19,975
Mentioned: 5 Post(s)
Tagged: 0 Thread(s)
Quoted: 15 Post(s)
+1 As a 50 year collector, collectables go up and down in waves. When they are hot, you are a genius. Sooner or later, they drop.

As far as a boom in bike prices, I picked up a Univega last week on ebay for $21.25. Not exactly a boom. I sold a similar bike last February for $165. Hopefully I will be able to recoup a similar amount on C/L.

+1 I am earning less than minimum wage flipping bikes, probably a lot less. Not only do you have the actual time spent working on the bikes, but you also have the time seeking/searching for deals. I spend more time looking for deals than I do fixing them. But I am not doing it for income. I am doing it because I enjoy working on bikes. And I combine the search time with looking for other sellable items for consignment shops and ebay, so it works out a little better....

+1 I end up keeping too many of them, cutting the "profit" significantly.

I basically make enough to fund the keepers....

Last edited by wrk101; 11-28-08 at 07:35 AM. Reason: addl info
wrk101 is offline   Reply With Quote
Old 11-27-08, 08:12 AM   #20
roccobike
Bike Junkie
 
roccobike's Avatar
 
Join Date: Jun 2005
Location: South of Raleigh, North of New Hill, East of Harris Lake, NC
Bikes: Specialized Tarmac, Speialized Roubaix, Giant OCR-C, Specialized Stumpjumper FSR, Stumpjumper Comp, 88 & 92Nishiki Ariel, 01 Bianchi Campione, 87 Centurion Ironman, 92 Paramount
Posts: 9,447
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 4 Post(s)
I have one MAJOR problem with the concept of making big bucks flipping bikes. When I find a really nice one thats even close to my size, I can't sell it cause I never know when I might want to ride it.
Somehow I'll bet I'm not alone with that problem.
__________________
Roccobike BF Official Thread Terminator
roccobike is offline   Reply With Quote
Old 11-27-08, 12:54 PM   #21
luker
juneeaa memba!
 
Join Date: Oct 2003
Location: boogled up in...Idaho!
Bikes: Crap. The box is not big enough...
Posts: 5,629
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 2 Post(s)
hunting for deals is just like fishing. You know that there's a big 'un in that hole. You just know it.

the beauty of ferreting out deals is that you don't have to torture any fish to get your fix. The downside is that it is tough to drink beer while doing it.
luker is offline   Reply With Quote
Old 11-27-08, 01:05 PM   #22
nine14six
Senior Member
 
Join Date: Oct 2008
Location: Miami
Bikes:
Posts: 149
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I've heard that the way to make a small fortune in hobbies is to start with a large fortune. So far I've been unable to prove it wrong.
nine14six is offline   Reply With Quote
Old 11-30-08, 07:36 PM   #23
cs1
Senior Member
 
cs1's Avatar
 
Join Date: Feb 2004
Location: Clev Oh
Bikes: Specialized, Schwinn
Posts: 6,705
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 34 Post(s)
Quote:
Originally Posted by nine14six View Post
I've heard that the way to make a small fortune in hobbies is to start with a large fortune. So far I've been unable to prove it wrong.
LOL, my father told me that years ago. I haven't been able to prove him wrong either.
cs1 is offline   Reply With Quote
Old 12-01-08, 04:39 AM   #24
mike
Senior Member
 
mike's Avatar
 
Join Date: Jul 2000
Location: Snowy midwest
Bikes:
Posts: 5,392
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by oldroads View Post
The Krate Bubble popped a few years ago.
The high prices for Schwinn Sting-Ray Krates and other musclebikes are now about half what they were back then.

I think it will be many years before collectible bicycles start gaining in value.
Over the next few years people will be putting their money into other things, like mortgage payments and new shortpants for Junior.

The trend I've seen over the past year or so is the rise in value of ridable commuters.
Brit 3-speeds of course, but also iron like Sears Free Spirit 5-speeds and non-lugged Columbia 10-speeds. Stuff we used to ignore or donate or recycle for scrap.

I see a lot of people who are not into bicycles using these as commuters.
So... If you're looking at bikes as an investment, and you have a big barn, buy all of the under $15 adult bikes you can find.
+1 I have made a lot more money on '70's and 80's road bikes lately than on muscle bikes. Of course, that means selling a lot of old road bikes. With luck, you can still flip a collectible muscle bike and make several hundred bucks. There is a lot of overseas interest in the muscle bikes.

However, I find the old road bikes are a faster sell and I am shipping them all over the country. People are buying them to ride them. They could buy cheaper newer bikes, but many people want an original Peugeot, for example or Schwinn Continentals or Varsity. A lot of folks want the collectible 10-speeds to turn them into fixies.

I think the next really big money maker is going to be the British three-speeds; Raleigh, Hercules, Robin Hood, etc. 20 years ago, you couldn't give them away. Now, you can't find them to save your life. They are so asthetically charming and the ride so sweet, and so rich in culture that they are bound to be very collectible. For years, I tried to save as many as possible just by repairing them for free for the owners so they would keep them rather than tossing them. I hope they survived.
mike is offline   Reply With Quote
Old 12-01-08, 04:49 AM   #25
mike
Senior Member
 
mike's Avatar
 
Join Date: Jul 2000
Location: Snowy midwest
Bikes:
Posts: 5,392
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by nine14six View Post
I've heard that the way to make a small fortune in hobbies is to start with a large fortune. So far I've been unable to prove it wrong.
Ha ha. That is a good one!

I haven't gotten rich off of bicycles, but the hobbie has paid for every bike in my fleet with some left over. Years ago, I decided that bicycle collecting could pay for all of my bicycle purchases - new and old, including parts.

So far, it has worked. In addition to the money I save from bicycle commuting and the joy of the hobby, I have put a couple thousand dollars in the bank. I am slowly selling off parts of the collection and continue to turn them into money and profit.

The fun thing about collecting bicycles is that you can still find plenty of collectibles in garages and thrift stores. Even if you can't flip a $25.00 bike, you can still ride it for a week and save yourself that much money in gas.
mike 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 02:47 PM.