Originally Posted by
KonAaron Snake
Also - once again - the $650 that keeps getting babbled about above is an artificial value. Shipping values typically don't go to what something is worth as a seller, it doesn't take into account fees, it doesn't take the Brooks into account and the consumables all look replaced. It doesn't count the pump. I don't claim a Raleigh International's general market value is $1,400 because I sold one for that (HEAVILY upgraded). An eBay asking price as value justification is meaningless...I can find dozens of things on eBay that will never sell. There is also a huge difference between the eBay and CL markets.
Incorrect.
Price (value) is determined by the market (the buyer). Always has been, always will be.
You seem to be arguing a bit about profit, which is price - cost. Yes shipping cost $100, which is irrelevant to the buyer, they are out $650 no matter how you slice it. If they are willing to spend $650 to have a bike delivered to them, they are willing to spend $650 to walk down the street for the exact same bike. Plain and clear.
You are willing to spend $350 for the bike. That is its value to you and only you. I wouldn't spend $2 on it. So is its value $2?
If you price it for $600, you may sit on it for a very long while. But to give a definitive value only any collectible is silly and impossible. Any auction estimate is always a range. If you go to hagerty.com, they always give a range for value.