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Italvega 1970s?

Old 05-09-15, 10:39 PM
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vintagerando 
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Italvega 1970s?

Hi. Just picked this up today. Its a Italvega. There is no indication of model. I know its not top of the line b/c of components.
Front derailluer is Campy, rear derailluer Suntour Luxe, cranks are Sugino Maxy and brakes Universal Model 61.
From my research, I believe its Columbus tubing, but the sticker is gone. Is it worth bringing back or is it a parts bikes? I like the lugs and painting around the lugs. Its fairly light weight. Anyone have info on this piece of history? I have the wrench-turning skills to bring it back to a functioning bike. Question is: would someone else appreciate and pay a price that makes it worth the time. The purchase price was $45. So, I see the following repairs: tires, tubes, cables and housing. So, maybe $75 more to repairs. Or will the next buyer see it as parts only in value? Anyone own one of these babies?
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Old 05-10-15, 12:54 AM
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juvela
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Hello vintagerando,

This model is called Gran Turismo and as you suspect is built with a three tube Columbus frame. She dates from ~1972 and is 57cm c-t-t. Chainset and rear mech represent replacements. Factory chainset was cottered steel. Wheels may have also been replaced as original hubs & skewers would have been Gnutti. She presently wears Maillard skewers so hubs may be that as well. Her Sheffield pedals are stock to the bike. The model name transfer was originally on the top tube and the chainstays would have worn a Torresini transfer. The yellow (license?) transfer on the seat tube covers the spot where the red Columbus transfer would have lived. Other factory finishes for this model included flambouyant cromate and flambouyant deep blue.

In the model range at this time there was one below and three above.

Manufactured by Torpado for a distributor in Los Angeles called Lawee.

The quality is there to merit some measure of work & investment.

Hope this gives you a start at least.

Last edited by juvela; 05-10-15 at 01:11 AM. Reason: addition
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Old 05-10-15, 06:22 AM
  #3  
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Depends on your market and what your time is worth. By the time you are done, profit is going to be limited. Sometimes, its best to turn those bikes over to others that are seeking projects. Myself in my market, this would be a pretty marginal project. As a keeper, different story.

And consider you may/WILL find additional problems once you dig into it, common issues like worn out bottom bracket spindle or hub cones can eliminate the potential profit entirely. And then you have the stuck seat post or stem if you haven't checked them yet. I see some rusty components, so you are going to need to put effort into them as well.

Your parts list is way too short. Add pedals, bar tape, brake pads, chain and freewheel to the list. I can't see the saddle, thats another common item to replace. Lots of minor parts with rust, going to need to treat that as well, or it will detract from the value. I think you have underestimated what this bike needs.

Add 4 to 6 hours time wrenching.

In an average market, it is amazing how cheap you have to find projects like this one for them to work out financially. It would work out as a part out, if you are into that kind of thing. Realize parts need to sparkle to bring full value, so some clean up there is required, and that takes time too.

Last edited by wrk101; 05-10-15 at 06:56 AM.
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Old 05-10-15, 11:10 AM
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i wouldn't buy it due to the front derailleur and lack of on-frame hanger.

but if i did own it, i would do a full overhaul and include really pretty bar tape and a new front derailleur.

it's always nice when the shifters and derailleurs match, but adding a campy rd may be out of the money. those suntour v-series rd's are pretty nice. maybe i'd just add a cheap suntour fd and call it good.
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Old 05-10-15, 12:57 PM
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I had one and upgraded. It indeed came with a cottered crank and that HUGE scythe like campy rd. It also sported steel wheels. After refurb it was one of my fav bikes. To flip-I wouldn't buy/to keep I would. Good grade chrome and beautiful brown paint. So wish I still had mine.
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Old 05-10-15, 01:07 PM
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When researching the Italvega.... read about the Univega.
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Old 05-10-15, 04:12 PM
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Originally Posted by juls View Post
I had one and upgraded. It indeed came with a cottered crank and that HUGE scythe like campy rd. It also sported steel wheels. After refurb it was one of my fav bikes. To flip-I wouldn't buy/to keep I would. Good grade chrome and beautiful brown paint. So wish I still had mine.
Gosh, I thought I scored on this one at $45. I mean, its Columbus tubing right? Well, I don't know where to go. Maybe turn it around as-is make a small amount and move on. I thought all Campy was high quality, guess I learned a little here.
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Old 05-10-15, 06:33 PM
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I like the frame. It has the classic chrome features on front & back. I bring bikes home like this all the time. It usually runs around $200 in parts to get them new & shiny again. You have to do all the work yourself. Steel wool & Turtle wax chrome cleaner baby!
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Old 05-10-15, 07:05 PM
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Originally Posted by vintagerando View Post
Gosh, I thought I scored on this one at $45.
i still think you did. it's just not a $600 bike.

if it were fully overhauled, everything is in perfect tune, and the paint looks good, it's still a $300 bike where i live.

Originally Posted by wrk101 View Post
... in my market, often the best deals with the most room for profit are in the $300 to $600 range...
if you're saying you buy $400-500 c&v bikes to flip as full bikes for a nice profit on craigslist, i'd love to see a few pics. this is what i'd really like to do, but i just can't sit on a bunch of $700 bikes waiting for the right buyer to come along. my $350 mid-level bikes move a little too quickly sometimes. i don't even get to ride them more than a few times. but the higher priced ones sit for 3-4 months, and i just haven't the room.
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Old 05-10-15, 08:47 PM
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Originally Posted by wrk101 View Post
IF you are buying to flip, you have to reset your thinking on what is a bargain. Its usually easier to aim higher. In my market, often the best deals with the most room for profit are in the $300 to $600 range. I worked my way up to that price range with cheaper, less profitable flips.

Particularly if you are going to refurbish a bike, you need a lot of room price wise to cover materials, your time, and leave a few dollars for profit. Realize you will make mistakes along the way. So buying bikes with limited profit potential can and will eventually blow up.
What I need is a clear strategy. My initial approach was to buy to fix and ride beautiful, well made, vintage, steel bikes. I guess that my baseline. What happens is I get excited when I first see a new potential bike and I forget what the goal is. What I forgot to mention is the frame is too small. No way around it. When the seller called and I first went to view the bike....I just ignored the fact that it was too small. This actually happened before on another purchase. I thought, "wow, Campy, Columbus, etc. So, I am left with a bike that falls into a different catergory of purchase: a bike you plan to turn over. That is a different animal all together. I guess I haven't thought out this plan, Plan B. Now I have a cool ride that doesn't fit my initial plan.
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