Are Vintage Bikes Still Cheap?
#76
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I'm new to the hobby of collecting and restoring vintage bikes, less than a year, but I am a fast learner. I have decades of old car restoration experience which makes doing anything mechanical or painting and decaling fairly easy.
Old bikes are fun and cheap and I'm thoroughly enjoying fixing them up. Here are a couple of customs/retro mods I did this past winter. I have a bunch more almost finished of the same type as seen here. I do have a few high end road bikes in the works for next winter. I do love the "Varsinentals" and couldn't recommend a better bike for the novice in the hobby.
Old bikes are fun and cheap and I'm thoroughly enjoying fixing them up. Here are a couple of customs/retro mods I did this past winter. I have a bunch more almost finished of the same type as seen here. I do have a few high end road bikes in the works for next winter. I do love the "Varsinentals" and couldn't recommend a better bike for the novice in the hobby.
#77
Still learning
To me, no. Real CL bargains are few due to factors that others have mentioned. The outliers in value are quickly gone.
That seems to leave your basic garage sale as the most likely spot to find something that's undervalued.
Some examples of the local CL bargains I've seen scooped and flipped:
This Ross Hi-Tech Mt. Hood was a $60 bike on Chicago CL a few weeks ago. Now $299.
This Miyata 921 with 600 was a $100 bike on Rockford CL a few weeks ago. Now $539.
This Trek 1220 was a $120 bike on Milwaukee CL a few weeks ago. Sold best offer, under $409.
This Trek 420 was a $99 St. Vinnie's thrift bike in Greenfield. Now $225.
Great for the seller if they can get their prices. Great for the buyer if they get bike in the condition/price they want.
Just makes it a bit harder for a "collector" to find something.
That seems to leave your basic garage sale as the most likely spot to find something that's undervalued.
Some examples of the local CL bargains I've seen scooped and flipped:
This Ross Hi-Tech Mt. Hood was a $60 bike on Chicago CL a few weeks ago. Now $299.
This Miyata 921 with 600 was a $100 bike on Rockford CL a few weeks ago. Now $539.
This Trek 1220 was a $120 bike on Milwaukee CL a few weeks ago. Sold best offer, under $409.
This Trek 420 was a $99 St. Vinnie's thrift bike in Greenfield. Now $225.
Great for the seller if they can get their prices. Great for the buyer if they get bike in the condition/price they want.
Just makes it a bit harder for a "collector" to find something.
The local not for profit bike shop here legitimizes the above with a store front and a teaching mission to kids. It has overhead in terms of payroll, rent, and benefits. It's overhead is covered by the profit on its rebuilt bikes and parts. It's service rates are the same as the for profit Trek and Specialized bike shops. It also receives parts donations and does occassional fund raisers.
I was surprised to see two cosmetically trashed frames I donated, re-emerge as built bikes for $325-$385. A Centurion Le Mans and a a Bridgestone MB-5. Last time I was dropping off a load of take-off parts and searching for obscure parts for a Schwinn Twinn, I scratched my head a wee bit when another customer was paying her $160 service bill on a World Sport. It did not appear to be an overhaul as the bike was not clean.
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This is another option in going budget vintage yet not likely approved by the purist. Build up your own or completely change an old bike. This one is no glory machine to collectors so its a good candidate.
But I don't care as its one for the kids to have fun with, plus a little cycling history to learn about. Started out as a $35 scratched up 27" wheeled and Japan components. Re-paint, plus my own tribute graphics. I swapped out and piece meal together the components to Campagnolo NR, 700c tubular wheel's, fresh rubber and a late production Brooks B17. Basically the traditional ingredients of a vintage lugged steel bike.... top feed brake cable levers, leather saddle, toe clips, downtube shifters. I'm in it for $250. Its a bit tight for my size but really is a respectable lightweight, fun rider. The majority of cyclist (non vintage enthusiast) don't know what it is but always gets compliments.
But I don't care as its one for the kids to have fun with, plus a little cycling history to learn about. Started out as a $35 scratched up 27" wheeled and Japan components. Re-paint, plus my own tribute graphics. I swapped out and piece meal together the components to Campagnolo NR, 700c tubular wheel's, fresh rubber and a late production Brooks B17. Basically the traditional ingredients of a vintage lugged steel bike.... top feed brake cable levers, leather saddle, toe clips, downtube shifters. I'm in it for $250. Its a bit tight for my size but really is a respectable lightweight, fun rider. The majority of cyclist (non vintage enthusiast) don't know what it is but always gets compliments.
Last edited by crank_addict; 05-27-15 at 11:29 AM.
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