1989 Olmo - yeah, the same old question...value?
04-07-15, 10:33 AM
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1989 Olmo - yeah, the same old question...value?
An older gentleman is interested in a vintage Italian road bike and wondered about this 1989 OLMO he saw on craigslist. I have plenty of experience with Colnago, Pinarello and Bianchi, but unfortunately, not this classic brand. May I please solicit some opinions on its value?
It was described as "near mint", and indeed the pics look pretty good!
The specs: Frame- Columbus SL tubing; Headset- Shimano 600
Brakes/levers/derailleurs- Shimano Santé; Wheelset- Mavic Helium w/Michelin Carbon 700C tires; Bars- Cinelli; Seat post- Shimano 600; Saddle- Bontrager RL (that definitely needs to be vintage-swapped!)
Thanks in advance for any help!
It was described as "near mint", and indeed the pics look pretty good!
The specs: Frame- Columbus SL tubing; Headset- Shimano 600
Brakes/levers/derailleurs- Shimano Santé; Wheelset- Mavic Helium w/Michelin Carbon 700C tires; Bars- Cinelli; Seat post- Shimano 600; Saddle- Bontrager RL (that definitely needs to be vintage-swapped!)
Thanks in advance for any help!
04-07-15, 10:41 AM
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That is pretty.
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“One morning you wake up, the girl is gone, the bikes are gone, all that's left behind is a pair of old tires and a tube of tubular glue, all squeezed out"
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04-07-15, 11:10 AM
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Buy it in a heartbeat! It's a gem.
If I only had money at the moment...
If I only had money at the moment...
Last edited by Lonesome rider; 04-07-15 at 11:14 AM.
04-07-15, 11:37 AM
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I am just going to toss this out there but I would say $500ish. Olmos are good solid bikes but they don't have the following of some bikes.
I recently sold a mostly complete Sante group (no HS, BB or rings but hubs) for $300 so considering the helium wheels the group is worth around $350-400ish. Most any decent SL frame will run $250-500 depending on condition and brand.
Nice looking bike if I had the extra $500 I'd be looking at it.
I recently sold a mostly complete Sante group (no HS, BB or rings but hubs) for $300 so considering the helium wheels the group is worth around $350-400ish. Most any decent SL frame will run $250-500 depending on condition and brand.
Nice looking bike if I had the extra $500 I'd be looking at it.
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“One morning you wake up, the girl is gone, the bikes are gone, all that's left behind is a pair of old tires and a tube of tubular glue, all squeezed out"
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“One morning you wake up, the girl is gone, the bikes are gone, all that's left behind is a pair of old tires and a tube of tubular glue, all squeezed out"
Sugar "Kane" Kowalczyk
04-07-15, 12:20 PM
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Moved from Classic & Vintage to Appraisals with 3 day redirect.
04-08-15, 08:03 AM
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The seller was asking around $1000.
04-08-15, 08:06 AM
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$1000 is silly high for this bike. $600. $750 would be tops. Add a premium for a red hot market (PA is not red hot). $1000 for an Italian bike = Campagnolo equipped, and one of the top brands (Colnago, etc.). Olmo plus Shimano = not in that league.
Missing Sante headset which is too bad, as it is the coolest Sante piece of the group IMHO.
Very attractive bike, so if I was interested, I would keep an eye on it, maybe make an offer at the top of my range. I had a similar situation, I ended up making what I thought was a strong offer, but low compared to asking price. About a month later, seller took my offer.
If I was a buyer, realize $750 gets me an entry level, made in China, aluminum frame bike. So the value is here, even though the price is not realistic.
Missing Sante headset which is too bad, as it is the coolest Sante piece of the group IMHO.
Very attractive bike, so if I was interested, I would keep an eye on it, maybe make an offer at the top of my range. I had a similar situation, I ended up making what I thought was a strong offer, but low compared to asking price. About a month later, seller took my offer.
If I was a buyer, realize $750 gets me an entry level, made in China, aluminum frame bike. So the value is here, even though the price is not realistic.
Last edited by wrk101; 04-08-15 at 08:19 AM.
04-08-15, 09:58 AM
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I would agree that this is a very good looking bike and likely a great rider. Yet as others have said you just don't see Italian bikes selling for $1000 from a lesser known maker with Shimano components. I would say $600 is a fair price and with the hot market and great cosmetics I could see maybe $700. I would not be in too much of a hurry on this one it will likely be on the market for a long time I see bikes like this listed locally in most markets for months if not a year or more without selling.
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