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What would You Offer?

Old 12-01-14, 02:00 PM
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browngw
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What would You Offer?

At a family get together this weekend my sister in law's friend asked me to make an offer on the bike in his shed. He has discussed various times how he bought it in a bar for $20. It been in shed and garages for the last 20 years and has some rust damage. I would rate it in the fair-good category. He claims it is a 1948 Raleigh. I saw it briefly at a barbeque this summer. It appears to be a tourist model with rod brakes, maybe a 3speed. I think, he thinks $200 is where he wants to be.

I honestly have no idea of its value to me or the marketplace. Any thoughts?
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Old 12-01-14, 02:34 PM
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As a rider I wouldn't want it all, regardless of price.

If you want it more as a collector, we'd need to see photos. Does it have a Brooks? Bags? How are consumables? $200 seems high to me for a bike in a guy's garage that he's not going to work to restore or market. I think these bikes are also frequently over valued by owners.

These have fans, I am not among them.
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Old 12-01-14, 02:35 PM
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You know the drill, link some photos please
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Old 12-01-14, 03:59 PM
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@KonAaron Snake Thanks for the opinion. I don't really know what its like to ride. It seemed to be original when I saw it.
@oddjob2 Yea I know the drill but its cold here and I have to arrange a viewing and photo session. This fellow thinks he's doing me a favor by offering it to me. I have to be a little careful here as family is involved.
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Old 12-01-14, 04:53 PM
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It doesn't sound like a huge favor to me. These have a limited fan base, and eBay isn't really an option for them due to shipping costs/total value. Keep in mind, I don't know the local market in your part of Ontario.

Why do you want it? What would you use it for?
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Old 12-01-14, 06:49 PM
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With family involvement? Walk away...no...make that...run away! It sounds like he over values it...and...if you get pictures/appraised/etc...and go back with less...hmmmm...

As I said...with family involvement...run away!
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Old 12-01-14, 07:53 PM
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Since you asked.....75.00 and could easily walk away from it for less than that. Interested collectors are going to beat him up for it, my guess. If it was me and the family situation I'd let him know it's a favor to buy it.
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Old 12-01-14, 09:52 PM
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Things become collectible for a variety of reasons, but the ones that garner the most value are the ones that people attach good memories to. For me, a classic Stingray circa 1968 would be a more fun bike. And one I could still ride and pop a wheelie on ( I think).
If you lack that same sense of attachment to something, you will find little joy in ownership. I have a friend who has a couple old Raleigh 3 speeds and he loves to dress up in tweed and ride them to events friends share. It makes him feel good and justifies the time and money he expends. Do you see that bike in your life in such a way?
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Old 12-01-14, 10:03 PM
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Not nearly worth the risk or the money......they'll talk about you every thanksgiving.......
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Old 12-01-14, 10:10 PM
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Originally Posted by KonAaron Snake View Post
It doesn't sound like a huge favor to me. These have a limited fan base, and eBay isn't really an option for them due to shipping costs/total value. Keep in mind, I don't know the local market in your part of Ontario.

Why do you want it? What would you use it for?
Darn good questions. I do have a thing for Raleighs, as do a lot of Canucks. They are kind of the Schwinn of the North. I've owned many, including my first restoration and re-introduction to cycling. It would be a neighbourhood cruiser for short distances to town and the beach. I'll have to put some thought into this deal.
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Old 12-01-14, 10:15 PM
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If you want it and he is family, why don't you just ask directly what he wants for it? If he won't give you a number who's the jerk now?

After all, he paid $20.

I wouldn't sweat it either way.
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Old 12-02-14, 06:19 AM
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I would not even take it if it was free. These deals always haunt me, he may want to know if you are riding it, why you changed some part etc. I have friend who gave me a bike related item and then said if you think of getting rid of it I want it back!
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Old 12-02-14, 07:18 AM
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Pass.
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Old 12-02-14, 07:44 AM
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Reads like the relative is one I would wish to be polite with and arrange that to be infrequently.

I was given a roadster some thirty years ago, rebuilt it, requiring new tires and brake blocks, later a saddle as the leather tore... All things that easily might be the case here. The price the good fellow wants I think is aligned with one in good operable and cosmetic condition, if you are willing to spend $200. Look elsewhere for one in known working shape, and most likely for less.
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Old 12-02-14, 09:17 AM
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Originally Posted by Thumpic View Post
Not nearly worth the risk or the money......they'll talk about you every thanksgiving.......
They may do that anyway.


"We should be less concerned about what others think of us....when they seldom do"
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Old 12-02-14, 09:45 AM
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It's all speculation until some photos are posted.

As far as relations, if you don't want the bike, but enjoy the refurbishing and restoration process I would suggest you offer your services, market the bike, and split the proceeds after direct costs are deducted.

Some friends asked to have a Schwinn Sting Ray refurbished for their niece. I did not seek compensation, but they gifted me a girls Raleigh Horizon and two bottles of wine from their vineyard. The wine is on ice and I tuned, lubed, and sold the Raleigh for $40. Everyone was happy!
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Old 12-02-14, 09:46 AM
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I bet a dollar it's not a '48 and he just thinks it is because it "looks old."
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Old 12-02-14, 10:16 AM
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don't do it, its a trap...
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Old 12-02-14, 10:28 AM
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I don't play the "make an offer" game. If I do, you can rest assured that my offer will be ridiculously low. It is my belief that the seller of any object needs to price it. If you want bids, enter into an auction and play by the rules of the auction.
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Old 12-05-14, 08:30 PM
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I'd offer him a case of Big Wheel Deluxe Amber, with the stipulation that I get to be in the vicinity when he cracks open the beer.
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Old 12-07-14, 02:47 PM
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Family? I would never charge family more than I paid for a bike. At $20, I would just give it away.
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Old 12-07-14, 08:11 PM
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Tell him that it seems like it will be worth more to a collector than it is to you.

He knows that you know he paid $20 for it? And he is hoping to make $180 on you? Since he is family, steer clear of it as diplomatically as you can.

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Old 12-07-14, 08:57 PM
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Do YOU want the bike? Would you ever ride it?

If it was family, I might take it off his hands if he offered it to me for free... or perhaps the original $20 that he has invested in it.

And, if I knew of a family member that wanted a bike that I had TO RIDE, and I wasn't using it, I'd probably fix it up and give it to the family member for FREE.

However, I don't think I'd ever ride a 3-speed, unless perhaps to some classic bike show, even so, I'd probably restore my Colnago to classic status and ride it.

I did do a mini-restore on a classic Women's Raleigh for a friend's mother. Repacked most of the bearings. Took as many parts off as I could, then hit them with steel wool, then clearcoat. In the end, the bike turned out absolutely beautiful, but it was still a heavy old 3-speed that I would never ride myself.
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Old 12-10-14, 12:38 AM
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take him to a bar, get him drunk. Then tell him how you bought the rust bucket from some guy for 15 bucks for the next 10 years.
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Old 12-28-14, 11:57 AM
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I love the brake levers of a vintage Raleigh Tourist and I don't mind paying $200.
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