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Has California Eroica increased vintage bike values

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Has California Eroica increased vintage bike values

Old 05-07-16, 03:04 PM
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madscrambler
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Has California Eroica increased vintage bike values

I now see so many ads in craigslist mentioning their offering is Eroica permissible that it makes me wonder if this event has increased the value of vintage road bikes. I know that there are many here that can't stand the event but perhaps they should recognize it creates interest in our vintage sport and an increased value for their bikes.

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Old 05-07-16, 03:13 PM
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On the East coast, no.
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Old 05-07-16, 03:14 PM
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Sellers are hoping. Too soon to tell. If the California event doubles or triples in size then there may be some effect. Better chance that demand for suitable components will be increased, and might have already a small amount.
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Old 05-07-16, 03:18 PM
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Don't know. But we can do a test and find out.
Wanna buy a vintage, eroica-ready bike?
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Old 05-07-16, 03:21 PM
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If not the value, at least the interest.
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Old 05-07-16, 04:21 PM
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No.
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Old 05-07-16, 04:35 PM
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Originally Posted by rootboy View Post
Don't know. But we can do a test and find out.
Wanna buy a vintage, eroica-ready bike?
What'cha got?

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Old 05-07-16, 04:37 PM
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I think that the value of long cage vintage derailleurs has gone up . . . .

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Old 05-07-16, 05:00 PM
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Yes, now is the time to SELL SELL SELL! AND DON'T FORGET TO USE ALL CAPS IN YOUR AD! L@@K!!!!!!!
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Old 05-07-16, 05:08 PM
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Originally Posted by iab View Post
No.
Agreed.

I've sold most of mine at this point anyway.

FWIW Won't sell the McLean, but I've received some zany offers for that bike.

BTW Anyone holding a vintage Marnati frameset with say, a 58cm top tube?

I'm quite serious.
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Old 05-07-16, 06:36 PM
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I would say...not.

Don't believe that L'Eroica has yet pulled many new rider/owners into the fold, and the current group of owners, as we all know, are tight as ticks when it comes to cash outlay. Certainly possible that if the event in CA in particular gets larger, there could be a greater demand for good vintage equipment. On the other hand, CA has a whole lot of that stuff already.

Didn't find that many people at this year's event who came from someplace other than the left coast, so not surprising that prices here on the east coast have not really been affected.
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Old 05-07-16, 06:42 PM
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Surely not anywhere near my area. Most folk here may know an Erica but will look at you funny if you mention Eroica.
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Old 05-07-16, 06:45 PM
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There was definitely a run up in prices for certain items such as shirts and shoes before the event.

Many ads I saw were ridiculously inflated.

For example this $3300 PX-10 - which has not sold

https://losangeles.craigslist.org/ws...563166583.html

On the other hand these shoes would have likely gone for much more a month and a half ago
[h=2]DETTO PIETRO cycling shoes w/cleats 10.5 - $95
https://palmsprings.craigslist.org/bop/5544308993.html[/h]
I would agree with @rccardr that there is a lack of new collectors.

I just watched a ebay auction the other day for good condition Lyotard Marcel Berthet pedals go for the minimum ($30) - with only one bidder
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Old 05-07-16, 06:54 PM
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There was some guy selling a Trek 600 on Craigslist a while back for $230 (?) A while back, after emailing questions, he replied saying that it was sold. Saw it back for 300 a bit later. Have noticed "Eroica" being used a bit more. Haven't seen a marked increase in pricing.
Hope they do, it might make manufacturers take notice, maybe start producing reliable vintage style parts and frames.
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Old 05-07-16, 06:58 PM
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The event had around 800 riders I believe. Most everyone I talked to was riding a bike they'd owned a long time (let's guess at 90%). So, that would leave maybe 80 riders from all over the country buying a bike shortly prior to Eroica. Doesn't seem like much of a market stimulus to me.
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Old 05-07-16, 07:17 PM
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No doubt there is some local influence to the market. I'm not sure how much it spills over outside of California. Opportunistic local buyers?

Maybe it has a positive influence to low prices for non-Eroica compliant parts

Now, the Burning Man certainly influences the market weird stuff, even this far away
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Old 05-07-16, 07:18 PM
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...all my recordings of Eroica are still about the same.
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Old 05-07-16, 07:42 PM
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Originally Posted by sleepy View Post
Have noticed "Eroica" being used a bit more.
5 years ago, you never saw L'Eroica as click-bait on ebay.it. Now it is on ebay.com. Usually, it is crap, no matter the country.
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Old 05-07-16, 08:05 PM
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For those people that actually own the vintage bikes, it may not be a bad thing.

I think they've been underpriced for some time, especially if one diverges from the big names like Colnago.
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Old 05-07-16, 08:40 PM
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Originally Posted by davester View Post
The event had around 800 riders I believe. Most everyone I talked to was riding a bike they'd owned a long time (let's guess at 90%). So, that would leave maybe 80 riders from all over the country buying a bike shortly prior to Eroica. Doesn't seem like much of a market stimulus to me.
This is what I was thinking. The events per se seem to be geared toward folks who are already into old bikes. I suppose it's possible that as the events get more widespread press, the term might just come to equate with "legitimate old bike". I doubt it would have a huge impact on pricing though.
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Old 05-07-16, 08:43 PM
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Originally Posted by CliffordK View Post
For those people that actually own the vintage bikes, it may not be a bad thing.

I think they've been underpriced for some time, especially if one diverges from the big names like Colnago.
Eroica obviously hasn't "hurt" prices as I see no mechanism in which its existence is detrimental to prices. As such, Eroica has indeed helped prices, but whether that help is significant or just noise, is the question.

Big names will always command premium prices. Just ask a woman why she pays $1600 for an LV, when a $150 bag from a smaller manufacturer has basically the same craftmanship. Same goes with sports cars. And designer watches. And jewellery. And the list goes on.
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Old 05-07-16, 08:53 PM
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Originally Posted by due ruote View Post
This is what I was thinking. The events per se seem to be geared toward folks who are already into old bikes.
That's it exactly. Chicken --> Egg --> Omelette.
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Old 05-07-16, 09:11 PM
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I live just a few hours north of the event and I think it had increased the price on Craigslist, but the bikes that include it as a buzzword usually are never selling. Overall it seems to be more or less the same, and obviously a really pristine vintage bike will always sell for a little bit more.

Although, it is funny that it seems to be a method to try and sell bikes. "Eroica ready Schwinn Varsity". Sure, why not?
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Old 05-07-16, 09:16 PM
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The event may be geared toward people who own old bikes. My bike just got old over the years as I also got older

But, also over the years I've changed out a few parts, had some wear out or break and were upgraded. So now most of the bike has been changed out.

If I was to try a big Eroica event, there would be a major restoration in store. I.E. Scrambling to find old parts on E-Bay.

And, there are lots of people who collect more than one. So, renewing interest in vintage bikes (rather than always buying the latest plastic machine) could certainly effect the demand, and prices.
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Old 05-07-16, 09:23 PM
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I would agree with the poster who said vintage long cage derailleurs have gone up or gotten scarce.
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