Originally Posted by
bobn
The bike is worth whatever the buyer is willing to pay. They aren't making anymore of them and the market isn't flooded to warrant any competition.
I bought a nice clean Raleigh in original condition, tires and all. No rust and beautiful paint. I paid a lot of money for it (according to prior posters) and I ride that bike every day. I wanted THAT bike and I paid for it. Worth every penny I paid!
I agree with you about the worth being what the buyer is willing to pay,
if you want it and plan to keep the bike to ride. I'm not a flipper so buying a bike at an extremely low price to resell doesn't apply in my case, though I do want the best deal I can get. There are two big reasons I'm looking for a bike like this: 1) I love the style of the old English bikes. 2) I am looking for a bike to ride in the Lake Pepin 3-Speed tour.
As it turns out, I'd really like to get my hands on a matched pair of bikes so my wife and I can do rides together, Lake Pepin in particular, so this may not have been the best choice anyway, though it'd fit my wife just fine, who is 5'4".