Will this Era be Vintage & Collectable?
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Go to the wild side and consider a 1998 / 99 Trek -Y- Foil. Crazier yet in bling 'gold'. edit: UCI outlaw makes it even a bigger story.
Last edited by crank_addict; 09-02-14 at 09:04 PM.
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#53
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.... The investment opportunity with these old bikes is buying them when they are being sold used, for a small fraction of their original price, then holding them until they go back up in price, perhaps as high or higher than their original price.
The key pieces of information we have to guess at is 1) when will the price be lowest, and 2) which bikes are then likely to escalate in value within what we consider as a reasonable amount of time, with respect to competing investment opportunities.
The key pieces of information we have to guess at is 1) when will the price be lowest, and 2) which bikes are then likely to escalate in value within what we consider as a reasonable amount of time, with respect to competing investment opportunities.
1. The prices for all current bicycles will drop when the current "style" becomes obsolete. I would guess... when new gearing systems like belts and internal gears replace external sprockets, cogs and chains. AND when carbon fiber and most other material used to make quality bicycles are replaced with a newer much better material.
When these bicycles are produced AND accepted in professional racing (likely because a decrease in cycling sport interest) then used bicycle prices will plummet.
2. When cycling sport interest is renewed... great interest will be renewed in both new bicycles (and for older cyclists) the former high quality bicycles of the earlier era (now).
Last edited by Dave Cutter; 09-02-14 at 10:47 PM.
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Most Americans (I'm not sure about other cultures) start settling into mid life in the early 30's, obtain some discretionary income, and start pining for their past youth. So that's about a decade or two of time. So will today's bikes, in 2024 to 2034, be looked upon with nostalgia and desire? I think the big key here is that most bikes are NOT ridden by a youth crowd, so, my vote is NO. I just don't think bikes draw a youthful market, at least not road bikes. Maybe my perceptions are different than others out there....
I think you'll find that there's a relationship between the ages of the bikes and those of the owners. We generally tend to want the stuff that we remember fondly from our youth. Come back in twenty years to find that bike from the late nineties and early noughties are really popular.
It's not necessarily what you HAD in your youth, but what you WANTED in your youth.
When I was a kid, I remember all the cool John Hughes teen movies, where the kids are driving Porsches and stuff- but the real people that owned those type of cars were the old guys. Nowdays, the people who own those cars are the old people that thought it was cool when they were teens.
As far as me and my bikes... I wasn't into cycling when I was a kid, didn't care about who was winning Tour De France or whatever. When I took up bicycling I fumbled around looking for bikes that suited my own particular... idiom of what was cool to me. I'm sure being in that "middle age" category, and coming of age 20-30 years ago had something to do with finding level top-tubed steel frames to be more graceful than what is currently en vogue, even though they weren't desirable (or even visible) to me when they were new.
I find a link between collectable guitars and bikes... when I was a kid and into guitars- I liked the old 50s stuff. IMO, that was the stuff that looked graceful- the headstock on a 50s and early 60s Strat looked so much nicer than the big old leisure suit gaudy CBS headstock- same with Gibson's headstocks. Then there were all those goofy pickguard shapes, the 15 pound guitar bodies, the bright-brittle sound... those weren't attractive to me. There was a gap between the collectability of the 50s and 60s stuff to the collectability of the 70s and 80s stuff. It wasn't until the intArwebs and the bragging rights of owning a 50s Gibson or a "pre-CBS" Fender that created monsterous price inflation. It wasn't that people really dug the 70s instruments- they just were old, and therefore "vintage." Somewhere along the line, because it was old and "vintage" that meant it must've been "cool" and people began actually finding the gaudy headstocks as attractive.
IMO, there's stuff that's collectable because it's properties are valuable or desirable. There's other stuff that's collectable because... it's collectable.
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Last edited by The Golden Boy; 09-03-14 at 10:26 AM.
#56
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I've been finding it interesting how Trek models raced by Lance back in the early 2000's aren't selling for any collectable value. If anything, people are just worried about any used carbon's quality.
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Interesting thread. You know how much a good condition Raleigh Chopper or Grifter goes for now? Maybe not huge money, but more than they cost new, and yet they were awful. Well, the Grifter was ok. I agree with custom frames being a good bet, but I would never bet on it. My custom built is the longest I've owned a bike and it's special to me. If the Frame builder becomes well known, then the value goes up, but as in the case of another bike I'm trying to research, if he sinks without trace, who is to say what value is put on it.
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Anything is only worth what someone will pay for it, and I've paid for restaurant meals that cost as much as my Colnago.**
** And I'm not looking forward to the next birthday with a '0' on the end...
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I guess it's possible, but I have trouble imagining any current bike becoming a C&V grail in the future. There are just so many, and they all seem to be mass-produced in cookie factories by hourly workers, fitted with fishing components, and branded for the various middle-man sellers. Ho-hum.
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Although only around for a short period of time, Surly's LHT has developed a sizable reputation. I've wondered whether LHTs from this era will be prized in thirty years.
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This is the kind of thing to look out for. Look at the 10 of the best steel too. Salsa are in there which is great to see!
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Stingrays appreciated while Paramounts held steady and most everything else depreciated (adjusted for inflation).
I guess I'll fill a closet with chrome Bianchi Pistas and Schwinn Madisons.
I guess I'll fill a closet with chrome Bianchi Pistas and Schwinn Madisons.
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This is the kind of thing to look out for. Look at the 10 of the best steel too. Salsa are in there which is great to see!
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The bikes that will be collectible later are the ones that most people can't afford. Consider something like a $15,000.00 Trek Madone Emonda SLR-10 or $12,500.00 Pinarello Dogma F8. They will be the bikes that the rich folks who own airplanes talk about on message boards in the future, while snubbing others who merely own a 2015 Raleigh Grand Sport.
Last edited by MrCoffee; 10-01-14 at 09:57 AM.
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I didn't read the whole thread, but read a couple of messages... My opinion is that the bikes that will be most sought after in the future (if the past is any indication) is the bikes that teenagers drool over, but can't afford today.
While there are some people (like those who post here) that will always appreciate certain classes of bikes because of the quality of workmanship, the greatest prices seem to be driven either by extreme rarity, or by people buying the bikes they drooled over as kids, and can now afford to buy. In either case, the supply and demand is what drives the price.
However, I think at best, if you were to buy a bike today, the best you can expect is to maintain value (adjusted for inflation), so if you can buy a nice 2014 or 2015 bike, I would suggest riding the heck out of it instead of hoping for a huge pay day 30 years from now.
While there are some people (like those who post here) that will always appreciate certain classes of bikes because of the quality of workmanship, the greatest prices seem to be driven either by extreme rarity, or by people buying the bikes they drooled over as kids, and can now afford to buy. In either case, the supply and demand is what drives the price.
However, I think at best, if you were to buy a bike today, the best you can expect is to maintain value (adjusted for inflation), so if you can buy a nice 2014 or 2015 bike, I would suggest riding the heck out of it instead of hoping for a huge pay day 30 years from now.
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Mr Coffee, you are partially correct, the 15k bikes will be collected by collectors and hung on the wall as modern art.
I think there is a big difference between collectable and desirable, and if you go through this thread and substitute 'collectable' for 'desirable', you would not change the overall timbre of the thread, but you would see a focussing of individual taste and perception from the people posting.
Discuss...
I think there is a big difference between collectable and desirable, and if you go through this thread and substitute 'collectable' for 'desirable', you would not change the overall timbre of the thread, but you would see a focussing of individual taste and perception from the people posting.
Discuss...
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Heck, I'd bet that we are a very very small minorty in this world that consider C&V bikes as both sport equipment and art. I bet a majority of people just think about them as rideable "toys"......
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I doubt any mass-produced bicycles will be vintage or collectable.
I would predict that there will be some specialty manufacturers that will be collectable. For instance, I would watch for the prices of Toyo Rivendells to rise in ten years.
As mentioned, some custom bicycle makers will be collectable.
I would predict that there will be some specialty manufacturers that will be collectable. For instance, I would watch for the prices of Toyo Rivendells to rise in ten years.
As mentioned, some custom bicycle makers will be collectable.
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Raleigh chopper, Grifter, Schwinn paramount, how massed produced does it need to be to count (or not count) in the future?
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