capnjonny 

Here is the sales pitch for the 1962 U 08 I recently finished re habing. I am interested in what valuation we should put on it at the Bike Exchange. Location - Silicon Valley California.

Note: since these pics were taken I installed tan cork bar tape.

This bike was donated to the Silicon Valley Bicycle Exchange a while ago and sat neglected in with the bikes destined for donation. I recently dug it out of the pile and decided to take it home for a refit. I soon discovered that it is not just another bike boom U 08. It is from a whole other era.
Upon closer inspection I discovered that the paint work was exceptionally good for a bike of this age (55 yrs old) and other that some tired equipment was a good candidate for a make over.
The bike was stripped to the frame and thoroughly cleaned. The paint was touched up judiciously and wet sanded then a new coat of clear lacquer was applied. The results are fantastic.
following the frame work the bottom bracket was serviced with new bearings and grease and the fork received the same.
A new set of vintage large flange aluminum wheels replaced the old rusty steel wheels and these were polished and the bearings serviced. new 1 1/8 x 27" gum wall tires were fitted.
The original cranks, were unusable so a beautiful new set with 52 and 40 tooth chain rings from a later model U 08 were installed along with period correct lyotard pedals.
The original Plastic Simplex derailleurs were cracked and useless and were replaced with beautiful Suntour units as well as a NOS Suntour Pro comp 14-32 tooth 5 speed freewheel.
The original MAFAC Dural Forge brakes were disassembled, cleaned, and polished with new pads and straddle cables. The Mafac levers were cleaned and polished.
All new cables and covers were installed and the brakes and derailleurs adjusted.
About the only thing left untouched is the Henri Gautier Leather saddle which is the original and is in remarkably good condition and very rideable.
This has been a labor of love for me involving over 20 hours labor and would be a magnificent addition to any ones collection.
The bike will be available for inspection at my home until January when it will join many other fine bicycles at the bicycle Exchange that are for sale.

obrentharris 

There's a forum for exactly this sort of request:
https://www.bikeforums.net/classic-v...als-inquiries/
Brent

cb400bill

Thread moved from C&V Sales to C&V Appraisals.

jj1091

I've restored a number of these Peugeots, many in as good a condition as yours. The "labor of love" gets you nothing on a resale, regardless of time and/or money you put into it. If you modernize it with new wheels and derailleurs, as you have, you'll have part of the crowd saying "but, it's not all original", and if you don't upgrade, there'll be another crowd complaining about "the horrible steel wheels that won't allow me to brake, and the plastic derailleurs that crack and fall off". There's not much to be made on these lower-end Peugeots. It's a nice bike, and an even nicer refurbishing that you've done, but in the end it's always going to be a $150 bike on a good day.

I buy them regularly for $40-75, spend countless hours on restoration, and seldom get more than $125 for them. Maybe there's a premium for where you live, but I can't imagine a sale topping $200. You could probably get an easy $75 for the pump and the saddle by themselves, making the rest of the bike in actuality worth $75.

wrk101

Color helps a lot! I’d put value higher more like $250.

Silicon Valley market should be stronger so maybe add more to that estimate.

rustymetal

I had an orange one here that i built out of all new components about three years ago, a bit newer, maybe around 1971 or so. The frame and fork were new old stock complete with the original BB and HS. The bars and stem were original new old stock as were the original Simplex Delrin derailleurs with original Mafac brakes and levers. It was perfect when it was done, even with new old stock Hutchinson tires just as shown in the original brochure. I got lucky and found an old bike shop with a ton of old parts who wanted them gone at the time and was able to build about five of these. The orange one was the largest, in a 23" frame size, the others were all 21" frames. I sold the 21" frame models, all white, with all but one having original gear changers on CL here, it took the better part of a year to get $350 each from them. I rode the 23" bike a few times with the intention of keeping it around but eventually let it go too, but that one took nearly two years to sell and in the end I had to part it out and sell the bike with cheap Japanese derailleurs on it to get even $200. If it were larger, say a 25" frame, it would sell instantly around here. Big bikes have always been the thing for some reason.

The Peugeot was the only bike I've ever really had trouble selling here, the brand doesn't get recognized around here like the newer or larger brands do. If it were a Trek, Schwinn, or Raleigh, it would be gone a lot faster.

The area your in seems to make a huge difference in how well a particular type or make bike sells. I go every year to a place I keep in FL, I can buy some pretty nice bikes there for cheap, bikes that up here I couldn't even dream of finding with any hope of making a few bucks on them.

oddjob2

The local Detroit bike coop would ask and get high $200s for the clean purple Peugeot. Since Californians have money to burn, even after the income tax changes, a storefront coop in CA should be able to get low $300s.

zukahn1

I would put the likely sale value at $250 which is about the top of the market for entry level 60's French road bikes. the bike looks great and has exceptional paint and is a pre boom era bike which give it a $100 premium over most UO-8's.