The bicycle at a Kentucky yard sale had two flat tires, broken pedals and carried a $5 price tag. That didn't stop Greg Estes from buying the bike in hopes of flipping it for a small profit. He should get his wish, to the tune of a few thousand dollars.
It turns out the broken-down bicycle was originally owned by Floyd Landis, who rode it in a race in 2007 Tour de France. The bike was built especially for Landis, complete with custom pedals that look foreign to those unfamiliar with professional cycling (hence the original seller's belief that the pedals were broken). It retailed for $8,000.
Landis rode the bike in a mountain-bike race one year after winning the Tour de France. That title, of course, was later stripped after the American cyclist tested positive for performance-enhancing drugs. Landis is currently banned from the sport, but has stayed in the spotlight with his accusations against Lance Armstrong and other athletes.
Estes told the Owenton News-Herald that the bike was found abandoned on an interstate and nobody ever reported it lost or stolen. He says he'll return the bike if someone claims it. For now though, authorities say it belongs to him.
I can understand someone thinking the bike wasn't worth a few thousand dollars. After all, how many abandoned bikes are custom-built jobs for Tour de France winners? But five dollars? That seems a little low. If I were having a yard sale I'd have probably put a $5 tag on the bike's water bottle. Even if the bike were an actual piece of junk, wouldn't, say, $25 be a more appropriate asking price?
Anyway, just like he said, the Owenton, Ky., resident showcased his new bike at his own yard sale. Estes' asking price? Six-thousand dollars