Go Back  Bike Forums > Bike Forums > Classic & Vintage
Reload this Page >

Flipped for big $$$?

Notices
Classic & Vintage This forum is to discuss the many aspects of classic and vintage bicycles, including musclebikes, lightweights, middleweights, hi-wheelers, bone-shakers, safety bikes and much more.

Flipped for big $$$?

Old 07-19-19, 02:34 PM
  #26  
Banned.
 
Drillium Dude's Avatar
 
Join Date: Jul 2009
Location: PAZ
Posts: 12,294
Mentioned: 255 Post(s)
Tagged: 0 Thread(s)
Quoted: 2588 Post(s)
Liked 4,824 Times in 1,709 Posts
Originally Posted by Jp42
I guess this is why I said it hurt a little, the buyer told me he was so excited to get it, was gonna take great care of it, the jewel in his collection, etc.
Exactly. I had no seller's remorse, and wouldn't begrudge someone getting more than me if they plan on flipping it - I just don't care for liars.

DD
Drillium Dude is offline  
Old 07-19-19, 02:40 PM
  #27  
aka Tom Reingold
 
noglider's Avatar
 
Join Date: Jan 2009
Location: New York, NY, and High Falls, NY, USA
Posts: 40,502

Bikes: 1962 Rudge Sports, 1971 Raleigh Super Course, 1971 Raleigh Pro Track, 1974 Raleigh International, 1975 Viscount Fixie, 1982 McLean, 1996 Lemond (Ti), 2002 Burley Zydeco tandem

Mentioned: 511 Post(s)
Tagged: 0 Thread(s)
Quoted: 7348 Post(s)
Liked 2,461 Times in 1,433 Posts
I would be frustrated if that happened to me, for sure. But sales are always a time/money tradeoff. You sold it ostensibly because you wanted to sell it then and were willing to take that price then. You could wait another year or two and get more, but you didn't want to. And maybe that's this guy's plan.
__________________
Tom Reingold, tom@noglider.com
New York City and High Falls, NY
Blogs: The Experienced Cyclist; noglider's ride blog

ďWhen man invented the bicycle he reached the peak of his attainments.Ē ó Elizabeth West, US author

Please email me rather than PM'ing me. Thanks.
noglider is offline  
Old 07-19-19, 02:51 PM
  #28  
Banned.
Thread Starter
 
Join Date: Feb 2015
Posts: 124
Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 30 Post(s)
Liked 38 Times in 17 Posts
Originally Posted by noglider
I would be frustrated if that happened to me, for sure. But sales are always a time/money tradeoff. You sold it ostensibly because you wanted to sell it then and were willing to take that price then. You could wait another year or two and get more, but you didn't want to. And maybe that's this guy's plan.
True. I actually only sold it because it was too small for me. I still think I got a fair price for it, the current price is way outta line.
I accept it's his and he can ask whatever he wants for it.
Cyclist3098765 is offline  
Old 07-19-19, 03:03 PM
  #29  
Senior Member
 
Michael Angelo's Avatar
 
Join Date: May 2010
Location: Hurricane Alley , Florida
Posts: 3,903

Bikes: Treks (USA), Schwinn Paramount, Schwinn letour,Raleigh Team Professional, Gazelle GoldLine Racing, 2 Super Mondias, Carlton Professional.

Mentioned: 10 Post(s)
Tagged: 0 Thread(s)
Quoted: 78 Post(s)
Liked 30 Times in 22 Posts
I've dealt with a few scum bags that come by and get "Free Stuff ". Onlyto turn around that same day and post it for sale. Lowest of the low...
Michael Angelo is offline  
Old 07-19-19, 04:01 PM
  #30  
Senior Member
 
Kilroy1988's Avatar
 
Join Date: Aug 2016
Location: Visalia, CA
Posts: 2,249
Mentioned: 45 Post(s)
Tagged: 0 Thread(s)
Quoted: 981 Post(s)
Liked 1,844 Times in 609 Posts
I like to assume that people who are willing to tell lies or take advantage of friendly offers in order to make a profit have some other issues to deal with, whether the troubles are manifested in their daily life or perhaps simply in the mind. It seems better to feel pity than anger towards them. 'Tis rather like people who cut in lines or are generally rude to others - clearly their lives are lacking in some way or another.

I've personally never purchased a bicycle specifically to sell, though I often consider the fact that if I don't care for the bike or it doesn't end up working for me, that I might be able to turn a profit when it comes time to sell. Usually I'm only right about half the time, so I call that fair - especially since I have fun cleaning, tuning, and riding them in the meantime.

-Gregory
Kilroy1988 is offline  
Likes For Kilroy1988:
Old 07-19-19, 04:17 PM
  #31  
iab
Senior Member
 
iab's Avatar
 
Join Date: Jun 2006
Location: NW Burbs, Chicago
Posts: 12,053
Mentioned: 201 Post(s)
Tagged: 0 Thread(s)
Quoted: 3015 Post(s)
Liked 3,792 Times in 1,406 Posts
People making some assumptions. Dude coulda been hit by a bus and had some unscheduled expenses, or something.

**** happens.

Or he's lying scum. I don't know.
iab is offline  
Old 07-19-19, 04:23 PM
  #32  
Banned.
Thread Starter
 
Join Date: Feb 2015
Posts: 124
Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 30 Post(s)
Liked 38 Times in 17 Posts
I feel better now.

I currently have a bike for sale on CL.
Got an email this morning with what I considered a lowball offer, didn't think to much about it.
Writing this post got me to thinking and sure enough, it was the same guy.
I told him I want $600 for my $160 bike. Made me feel better.

Cyclist3098765 is offline  
Old 07-19-19, 04:42 PM
  #33  
Banned.
 
Join Date: Aug 2016
Location: Winnipeg - traffic ticket central
Posts: 1,562

Bikes: Looking for "the One"

Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 3 Post(s)
Liked 323 Times in 212 Posts
Here is an entry in a thread of a couple of Dr. Flippenteins operating locally.
prairiepedaler is offline  
Old 07-19-19, 04:50 PM
  #34  
Senior Member
 
Murray Missile's Avatar
 
Join Date: Jun 2013
Location: 700 Ft. above sea level.
Posts: 3,247

Bikes: More than there were awhile ago.

Mentioned: 22 Post(s)
Tagged: 0 Thread(s)
Quoted: 635 Post(s)
Liked 1,278 Times in 607 Posts
A good friend did it to me many years ago. Had a car part he claimed he needed really bad so I cut him a really good deal, he turned around and sold it for 4 times what he gave me within an hour of getting it. In fact he already had the buyer lined up. He bragged about it to a couple other friends who let him have it in no uncertain terms. He has since made amends and then some but he'll never get any more "great deals" from me.
__________________
".....distasteful and easily triggered."
Murray Missile is offline  
Old 07-19-19, 05:05 PM
  #35  
Senior Member
 
Kilroy1988's Avatar
 
Join Date: Aug 2016
Location: Visalia, CA
Posts: 2,249
Mentioned: 45 Post(s)
Tagged: 0 Thread(s)
Quoted: 981 Post(s)
Liked 1,844 Times in 609 Posts
Originally Posted by iab
People making some assumptions. Dude coulda been hit by a bus and had some unscheduled expenses, or something.

**** happens.
Exactly so. Of course it's wrong to lie or attempt to cheat someone in whatever case, but there is a lot of gray area concerning how guilty someone might really be for such behavior. I consider myself and most people I know to be rather good generally, but I know few (if anyone) who hasn't done something shady or underhanded to stay afloat during times of trouble!

A few people in this world do bad things simply for the hell of it, and are probably the sort to do so repeatedly. Many more people do bad things rarely and under pressure, and often without truly wanting to cause offense or harm.

-Gregory
Kilroy1988 is offline  
Old 07-19-19, 05:11 PM
  #36  
Banned.
Thread Starter
 
Join Date: Feb 2015
Posts: 124
Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 30 Post(s)
Liked 38 Times in 17 Posts
Originally Posted by iab
People making some assumptions. Dude coulda been hit by a bus and had some unscheduled expenses, or something.

**** happens.

Or he's lying scum. I don't know.
Considering he emailed this morning looking to buy another bike from me, I feel safe in assuming he wasn't hit by a bus or has fallen on hard times.
Cyclist3098765 is offline  
Old 07-19-19, 05:13 PM
  #37  
Banned.
Thread Starter
 
Join Date: Feb 2015
Posts: 124
Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 30 Post(s)
Liked 38 Times in 17 Posts
Originally Posted by Kilroy1988
Exactly so. Of course it's wrong to lie or attempt to cheat someone in whatever case, but there is a lot of gray area concerning how guilty someone might really be for such behavior. I consider myself and most people I know to be rather good generally, but I know few (if anyone) who hasn't done something shady or underhanded to stay afloat during times of trouble!

A few people in this world do bad things simply for the hell of it, and are probably the sort to do so repeatedly. Many more people do bad things rarely and under pressure, and often without truly wanting to cause offense or harm.

-Gregory
I can't say he cheated me, we agreed on a price and I willingly sold it. I will not sell him another bike at a sweetheart price though.
Cyclist3098765 is offline  
Likes For Cyclist3098765:
Old 07-19-19, 05:17 PM
  #38  
Banned.
Thread Starter
 
Join Date: Feb 2015
Posts: 124
Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 30 Post(s)
Liked 38 Times in 17 Posts
Originally Posted by Murray Missile
A good friend did it to me many years ago. Had a car part he claimed he needed really bad so I cut him a really good deal, he turned around and sold it for 4 times what he gave me within an hour of getting it. In fact he already had the buyer lined up. He bragged about it to a couple other friends who let him have it in no uncertain terms. He has since made amends and then some but he'll never get any more "great deals" from me.
That stinks, but I believe you handled the situation correctly.
Cyclist3098765 is offline  
Old 07-19-19, 05:18 PM
  #39  
Senior Member
 
r0ckh0und's Avatar
 
Join Date: Jun 2009
Location: Plano, IL.
Posts: 1,523
Mentioned: 7 Post(s)
Tagged: 0 Thread(s)
Quoted: 141 Post(s)
Liked 222 Times in 104 Posts
At the end of the day we'd all feel better knowing we sold our used stuff to the end user.............but quite honestly, I believe about 50% +/- is being resold or at least bought with that intention. Sometimes your the windshield and sometimes your the bug. It's the nature of the free market.
__________________
Be where your feet are.......Lisa Bluder

r0ckh0und is offline  
Old 07-19-19, 05:23 PM
  #40  
Senior Member
 
Join Date: Dec 2005
Posts: 17,153
Mentioned: 481 Post(s)
Tagged: 0 Thread(s)
Quoted: 3807 Post(s)
Liked 6,676 Times in 2,607 Posts
I had a guy buy a bike from me, and while standing in my driveway, tell me how much more he was going to flip it for. Whatever--he paid me my asking price.

Oddly enough, I've also seen a couple of times bikes I've sold show up on CL a couple of days later for LESS than what I sold them for. Wtf?! Guess they had really bad juju.
nlerner is offline  
Old 07-19-19, 05:32 PM
  #41  
Senior Member
 
Murray Missile's Avatar
 
Join Date: Jun 2013
Location: 700 Ft. above sea level.
Posts: 3,247

Bikes: More than there were awhile ago.

Mentioned: 22 Post(s)
Tagged: 0 Thread(s)
Quoted: 635 Post(s)
Liked 1,278 Times in 607 Posts
Originally Posted by Jp42
That stinks, but I believe you handled the situation correctly.
I like to think I did, that was 30 some years ago and we're still friends. A couple years ago I traded him and old 1/4 midget in really rough shape for a rifle I had sold him 20 years ago. It was the first gun I ever fired and had nostalgic value as did the midget as it had belonged to a friend when he was very young and had passed away. I finally relaized I was never going to do anything with the midget, it was collecting dust and rust in the back of my garage and I would get more use from the rifle. He sold the 1/4 midget a few weeks later for what I thought was an INSANE profit and proceeded to share the profits with me equally. The best part is the buyer was into vintage go karts and 1/4 midgets and was going to restore it EXACTLY the way it looked when our friend raced it in the early 60's even keeping his name on it. The guy had already done 2 others for his 2 oldest boys and this one was for his youngest, yes they race them! The other 2 had also been restored back to their original racing condition with the last known owner's paint scheme, number and all lettering so it went to a good home. I'm fairly certain our late friend and his Dad would be pleased.
__________________
".....distasteful and easily triggered."
Murray Missile is offline  
Old 07-19-19, 05:42 PM
  #42  
Senior Member
 
Narhay's Avatar
 
Join Date: Sep 2012
Location: Toronto, ON, Canada
Posts: 3,696
Mentioned: 124 Post(s)
Tagged: 0 Thread(s)
Quoted: 956 Post(s)
Liked 568 Times in 314 Posts
I may be completely wrong but wasnt serial #1 regularly stamped in a few makers' bikes? It may not be as special as he thinks.

On the flipping side...sometimes you get a good deal. Sometimes you sell a good deal. Once you have sold it the buyer can do what they like.
Narhay is offline  
Likes For Narhay:
Old 07-19-19, 05:54 PM
  #43  
Banned.
Thread Starter
 
Join Date: Feb 2015
Posts: 124
Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 30 Post(s)
Liked 38 Times in 17 Posts
Originally Posted by Narhay
I may be completely wrong but wasnt serial #1 regularly stamped in a few makers' bikes? It may not be as special as he thinks.

On the flipping side...sometimes you get a good deal. Sometimes you sell a good deal. Once you have sold it the buyer can do what they like.
Oh yeah, this might be first of that model but definitely not the first Ritchey.
Pretty sure it's an Ultra not Ascent as he has listed, I found conflicting info regarding the serial number when I looked it up. Either way, far from the top of the line and nowhere near as desirable as a fillet brazed model.

Last edited by Cyclist3098765; 07-19-19 at 05:57 PM.
Cyclist3098765 is offline  
Likes For Cyclist3098765:
Old 07-19-19, 07:18 PM
  #44  
Senior Member
 
rseeker's Avatar
 
Join Date: May 2016
Location: Southeast US
Posts: 921
Mentioned: 9 Post(s)
Tagged: 0 Thread(s)
Quoted: 318 Post(s)
Liked 149 Times in 104 Posts
Originally Posted by Murray Missile
He sold the 1/4 midget a few weeks later for what I thought was an INSANE profit and proceeded to share the profits with me equally.
Sounds like he learned something about the value of friendship. Good for you both.
rseeker is offline  
Likes For rseeker:
Old 07-19-19, 07:18 PM
  #45  
Senior Member
 
Join Date: Jan 2014
Location: PNW
Posts: 1,524

Bikes: One of everything and three of everything French

Mentioned: 51 Post(s)
Tagged: 0 Thread(s)
Quoted: 463 Post(s)
Liked 336 Times in 213 Posts
I sold this Raleigh just last week for $60. It's a Japanese double-blue that i partially repainted, just for fun, to evoke the 70s Grand Sport appearance. Failed experiment. This guy's trying to get $180.

Also sold 5 other bikes within last week to clear space in garage. Maybe they will pop up also?

Last edited by Insidious C.; 07-19-19 at 07:57 PM.
Insidious C. is offline  
Old 07-19-19, 08:27 PM
  #46  
Senior Member
 
gear64's Avatar
 
Join Date: Apr 2014
Location: STL Missouri
Posts: 473

Bikes: State Black Label All Road, Univega Gran Premio, Lotus Classique, Terranaut Metro

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 105 Post(s)
Liked 94 Times in 62 Posts
It's painful for buyers that only want to be riders as well. It sucks to see what you consider a good value suddenly disappear and reappear for 3x cost with no additional work. I forget about that one and look another day.
gear64 is offline  
Old 07-19-19, 08:41 PM
  #47  
Senior Member
 
Join Date: Jan 2017
Posts: 659
Mentioned: 5 Post(s)
Tagged: 0 Thread(s)
Quoted: 195 Post(s)
Liked 207 Times in 126 Posts
Originally Posted by Jp42
A. My original photo shows the serial number, I knew what it was.
B. I did all the clean up and work to it, the current owner did nothing.
C. I also have access to ebay, where you need to pay bribes, er fees to sell something.

No seller's remorse here, and yes he can ask whatever he wants for it. I never asked for a share of the profit (if he makes any).

Just wondered who else has run into this situation before.
I can dig it but I have to agree that you need to let it go figuratively as well as actually. I have resisted parting out bikes because I hate the idea of dismantling a bike that, with a small investment could be someone's cherished possession but I've put new tape on a bike and photographed it well and made $100. Many times the profitable thing to do was part a bike out and sell the frame. My last flip netted $25 for two weeks work. It was a beautiful bike that the owner loved so I was good with it. If he had parted out all my careful work and made a large profit, (possible), I'd be disappointed but who knows. Maybe all the parts would wind up on a even better resortation and the upgraded frame end up remade back to it's original configuration. Matter can never be created or distroyed.
Cycle Tourist is offline  
Old 07-19-19, 11:58 PM
  #48  
1/2 as far in 2x the time
 
Last ride 76's Avatar
 
Join Date: Nov 2013
Location: Northern Bergen County, NJ
Posts: 1,746

Bikes: Yes, Please.

Mentioned: 13 Post(s)
Tagged: 0 Thread(s)
Quoted: 499 Post(s)
Liked 285 Times in 222 Posts
Originally Posted by iab
Isn't there a thread or two on flipping bikes? I'd;d say most C&Vers have flipped a bike or two.


Just sayin.

Yep...

Is it very to different from going to a yard sale and buying an underpriced bike and reselling it? I think the main difference is that we think we "know" what its worth when we sell it to a "flipper". DD's case is different. i understand being willing to get less than top dollar for something one has "created" if the belief is that it will be apprciated as such by the buyer. But 2nd time round... "Fool me once, shame on you. Fool me twice, uh...won't get fooled again." At least the guy had the sense not to stick aroud and argue.
Last ride 76 is offline  
Old 07-20-19, 01:06 AM
  #49  
seŮor miembro
 
SurferRosa's Avatar
 
Join Date: Dec 2018
Location: Pac NW
Posts: 6,619

Bikes: '70s - '80s Campagnolo

Mentioned: 92 Post(s)
Tagged: 0 Thread(s)
Quoted: 3880 Post(s)
Liked 6,468 Times in 3,200 Posts
Originally Posted by Cycle Tourist
I can dig it but I have to agree that you need to let it go figuratively as well as actually. I have resisted parting out bikes because I hate the idea of dismantling a bike that, with a small investment could be someone's cherished possession but I've put new tape on a bike and photographed it well and made $100. Many times the profitable thing to do was part a bike out and sell the frame. My last flip netted $25 for two weeks work. It was a beautiful bike that the owner loved so I was good with it. If he had parted out all my careful work and made a large profit, (possible), I'd be disappointed but who knows. Maybe all the parts would wind up on a even better resortation and the upgraded frame end up remade back to it's original configuration. Matter can never be created or distroyed.
Mic drop.
SurferRosa is offline  
Old 07-20-19, 05:54 AM
  #50  
Fat Guy on a Little Bike
 
KonAaron Snake's Avatar
 
Join Date: Jun 2008
Location: Philadelphia, PA
Posts: 15,944

Bikes: Two wheeled ones

Mentioned: 42 Post(s)
Tagged: 0 Thread(s)
Quoted: 1254 Post(s)
Liked 345 Times in 174 Posts
Iíve seen arbitrage between a local sales market and eBay plenty of times. Once or twice, Iíve seen someone try to flip a bike Iíve sold - if I got what I wanted, Iím ok with that...and Iíve flipped a bike or two.

The one that pissed me off was this kid who gave me a sob story about needing a frame to build up for his girlfriend..,I sold him one at what I paid, maybe less, and far below market value. It was a favor/good deed. Sure enough - a week later itís on CL at 4x asking price. I gave him crap for it at a bike thing a few months later, and he denied it/acted like a jerk. Snotty little bugger, but I trust karma to address it.

Iíve bought bikes at low asking prices and have said itís for my collection when it wasnít...I just saw it as not rubbing it in. Itís never something Iíd use as a negotiation ploy, or volunteer without being asked. If someone wants to get rid of a bike at discount that they didnít want to research, I donít think they need to know the buyer is profiting.
KonAaron Snake is offline  

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.