Join Date: Sep 2007
Location: Dallas area, Texas
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I assume you mean auctions of unclaimed recovered bikes, not the bikes used by policemen (which seems to be what Big_e is discussing).
The online auctions I've seen, and the one real live auction I've been to, involved mostly Walmart bikes in not-so-good condition, selling for $5 each. And not worth any more than that, I would say. At the live auction, there was one Trek, I think that went for $70. I don't recall the model, but I'm thinking comfort bike, not high-end bike, and it still needed work. (And yes, I did purchase a $5 bike to get some forgotten part off of it!)
on auctions like that, if they're set up for dealers, they'll be on weekdays, and may involve buying stuff in inconvenient lots. If they're set up for normal people, they'll be on a Saturday and sell a bike at a time. I would think they would sell any worthwhile bike by itself anyway.
If you meet up with the owner...I don't think that should be an issue, you do have legal title to it when you buy it.
You'll read of plenty of $3,000 bikes being stolen, but that's not what you find at these auctions, you find $100 bikes that were stolen and then thrown in the creek by some kid.
"be careful this rando stuff is addictive and dan's the 'pusher'."