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Bike Flipping 101

Old 06-22-22, 09:40 PM
  #626  
3alarmer 
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Originally Posted by Mr.Toolbox View Post
Is it just me or has it become harder to sell vintage bikes to normal people? People seem to be unwilling to pay anything for a steel bike these days, especially now when you can pick up an aluminum bike with sti levers for 250$.
...it's almost a year later, and no, I don't think it's just you.
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Old 06-24-22, 10:14 AM
  #627  
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Originally Posted by 3alarmer View Post
...it's almost a year later, and no, I don't think it's just you.
More and more, flipping is all about PARTS, and not complete bikes. If the bike has good components, I can get as much for just the crankset and rear derailleur as I can for a complete bike. And complete bikes in ready to ride condition cost me $50 to $100 in consumables and 4 to 6 hours in time. Dismantling can be done in an hour or less. Add one hour for cleaning parts, writing ads, taking pictures. So in half the time, and zero spending on consumables, I can get 2X to 5X out of parts.

Every market is different.

Picked up a bike yesterday, $30, no wheels, no tires, no tubes, torn seat. So I could spend $150 on consumables and wheels (more if I didn't have a lot of parts), and have a bike I could sell for $125. So lets see, 4 to 6 hours of work, and I could lose $55. And I would waste time with no shows/tire kickers/low ballers.

Or I can part it out. Pedals, derailleurs, crankset, frameset, all have value. I estimate $350 total, less fees of around $75. So in less time, no consumable spending, I can make about $275. Or I can put a lot more time into it, and lose $55. I may have been born at night, but I wasn't born last night.


The market has spoken. I will still refurbish bikes for family and friends. I also know a handful of collectors that appreciate the really rare or high end stuff. The rest go as parts.

Last edited by wrk101; 06-26-22 at 08:40 PM.
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Old 06-24-22, 06:45 PM
  #628  
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Went to garage sale a few weeks ago with bikes as the headliner. The guy had a pristine, full suspension, Klein parted out. He wanted $500 for the frame, $300 for the wheels and a box of parts for $50. A guy beat me to the box...full XTR drivetrain. That frame will never be what it was.
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Old 06-28-22, 02:53 PM
  #629  
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Best bet is to learn to recognise good quality or desirable parts. This way you can part out a worthless wreck, even if it is beyond repair. I do this regularly, it is one of my best consistent sellers. It helps that my day job is as a bike mechanic. If the parts say Shimano deore on them there is a air chance the bike is worth effort. Old Raleigh parts are also worth money in decent nick, but I mean more than 30 year old. even the little wheel nuts.
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Old 07-04-22, 05:30 PM
  #630  
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I just bought a vintage Nishiki on Craigslist free section. I talked him down to zero.

I never heard of it so I joined this forum because of it to research.

I didn't even consider it being worth anything. I saw one like it on eBay for $700 shipped.

So now I'm considering flipping it. I'm amazed at how well it still rides. My son and I went for a ride earlier through Denver and I smoked his $200 Schwinn Copeland.
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Old 07-24-22, 08:54 AM
  #631  
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Kind of tangential but, can anyone recommend a sub $200 camera that will work well for taking pictures of stuff I'd like to sell? Thanks
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Old 07-24-22, 09:14 AM
  #632  
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Walmart sells several sub $200 digital cameras these days it seems. And if you have a smartphone, most of them these days have great cameras giving you the ability to upload to CL, eBay, Facebook Marketplace, etc..
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Old 07-24-22, 09:15 AM
  #633  
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Most cameras with higher pixels will work fine. I think background and lighting is more important.
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