There's an appraisal section in the Classic and Vintage forum. I go over there a lot when I need the value of something. But, I usually find that if you come across a part, it's best to look at sold ebay auction of that part and see what they went for. That'll usually give you an accurate estimate. For example, I was looking around at the prices of mint SR levers and found an auction that ended a few days ago at $145. :twitchy:
Also, when looking at older bikes being sold for really cheap, don't get hung up on the frame. Make sure that the price at least reflects the parts. Say that there's a bike with crappy components and steel rims for $300. Obviously, not really a flipper's dream. But, if there's a bike with a "meh" frame material, OK components and alloy wheels for like $150, you might be in a good deal.
Another personal example. I recently saw a CL ad for an older Nishiki for $50. No pictures, essentially just a phone number. Met up with the guy that day and instantly saw alloy wheels and a Suntour Superbe FD and I automatically had two parts worth the asking price. That's the type of thing to be looking at when flipping, or "refurbing."
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