Vintage bike prices are getting freaky

[Larry]

http://sfbay.craigslist.org/eby/bik/783788025.html

In just the last month or so craigslist bike prices have jumped astronomically! $345 dollars for a collegiate? That's crazy talk.

$190 for a continental http://sfbay.craigslist.org/sfc/bik/783504348.html

$220 for a univega http://sfbay.craigslist.org/sfc/bik/783495094.html

$190 for a Huffy! http://sfbay.craigslist.org/sfc/bik/783509171.html

 

[muddywater04]

i just sold a collegiate for $175.00 and a Breeze for $165.00. I thought I hit the jackpot.
I have a matching pair of green Collegiates still available.

Baby boomers rock!

 

[Rat Rod]

Looks like the last three are all from the same person.

They obviously watch Ebay.

The question is, will anyone ever respond to their ads?

I have a feeling that they end up coming down a lot.

Stuff is getting pricey though.

 

[CCR]

that is nuts ...

ive bought a few bikes from a resale shop and flipped em. all the bikes i had got from there needed wheels replaced, cables replaced, tires replaced, some got repainted and so on. i guess they found out one of those $10 bikes got sold for considerably more so now all the bikes are i want are $100.

i told them id give em the old price when they got tired of storing it for me :mrgreen:

 

[gashuffy63]

Looks like the last three are all from the same person.

They obviously watch Ebay.

The question is, will anyone ever respond to their ads?

I have a feeling that they end up coming down a lot.

Stuff is getting pricey though.

While it's true that bike values are increasing I feel that this hobby won't end up like the classic car market with it's spectulator driven prices. How many '71 Schwinns did they make compared to '71 Barracudas? My guess would be a whole lot more, so we still do have supply on our side.
In fact I kind of welcome the fact that I can sell an old bike at a decent profit, then take that money and buy a bunch more to play around with, keep what I want and sell off the others. With household costs going up it's nice to have a hobby that can support itself. Cheers.

 

[muddywater04]

GasHuffy said it right, I only wish my better half would understand that it supports itself.
I can pick up a bicycle for less than the cost of lunch for two and make a good profit.

 

[Rat Rod]

Buy a couple for $30 and resell them for $500 each, put that money in the general household budget fund and then she'll understand.

 

[gashuffy63]

Buy a couple for $30 and resell them for $500 each, put that money in the general household budget fund and then she'll understand.

The only problem that I have with my wife pretty much understanding the hobby is at times she understands it too much. I picked up an early 60's Schwinn American on the cheap that I really like. Thing is she realizes the amount that I could flip it for and comes up with the age old saying.....How many bikes do you need for one butt? Cheers.

 

[Boardtrack fan]

I've found that the current fad of making old diamond frames into fixies is driving the prices up.

 

[oddman]

How many bikes do you need for one butt? Cheers.

LOL! I have to remember that one.

 

[Rat Rod]

How many shoes do you need with only two feet? :wink:

 

[CCR]

How many shoes do you need with only two feet? :wink:

oh man ... im just thinkin of the trouble i would get into if i said that outloud :lol:

 

[gashuffy63]

How many shoes do you need with only two feet? :wink:

And lets not even get into Coach purses.

 

[Mr. Farrell]

How many shoes do you need with only two feet? :wink:

oh man ... im just thinkin of the trouble i would get into if i said that outloud :lol:

please... DO IT!!!! i cant wait to see/hear the aftermath. :mrgreen:

 

[CCR]

How many shoes do you need with only two feet? :wink:

oh man ... im just thinkin of the trouble i would get into if i said that outloud :lol:

please... DO IT!!!! i cant wait to see/hear the aftermath. :mrgreen:

oh im not worried about bodily harm ... im thinking about the bicycle destruction that would ensue :shock:

 

[Mr. Farrell]

oh yeah... good point. i can see a bike vs. shoes standoff. "put the bike down or the shoe gets it!!" lol.

 

[xddorox]

oh yeah... good point. i can see a bike vs. shoes standoff. "put the bike down or the shoe gets it!!" lol.

Hilarious :mrgreen: It's true however that this is a self supporting hobby. Price wise, if you look at the right place, you are bound to find people who are clueless about what they have.

 

[JoeyMac]

Has anyone postulated that we ratrodders might be partially to blame, with our 20,000 unique visitors, people are catching on to how cool old bikes are. Even the ones who don't see this site will see us riding or see pictures on flickr or something. And the worst is that people look to ebay for pricing sometimes, which then drives the price up, so people auction them for more, so people see that and raise the price, which goes on and on and on...

Oh well, I guess that's good news for us sitting on a pile of old steel, going to be worth more than it's weight in gold soon.

 

[Gold Street Customs]

As long as I drive big trucks by short fences my supply usually stays constant enough that I most likely have to get rid of bikes to make space, its amazing how many bikes are just given.