bc17a
Well-Known Member
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WoW!!!
- Thread starter bc17a
- Start date
MotoMike
Member
"These bikes were bought by Mr. & Mrs. Jones back in 1969..." And he has them listed as "NEW"... un-freaking- believable!
Yeah, I think maybe he needs to lay off the crack pipe and take a good look around at what the rest of the world calls Reality.
Just when you think you have seen it all... wait a little while, it'll get weirder... trust me, it will.
Yeah, I think maybe he needs to lay off the crack pipe and take a good look around at what the rest of the world calls Reality.
Just when you think you have seen it all... wait a little while, it'll get weirder... trust me, it will.
Bevelsd
Active Member
I'm rather familiar with this guy, he lives just a few miles south of me and tries to buy up every CT70 in middle Tenn. If it's listed in a classified near Nashville he's on it in a heartbeat..I've seen several bikes he's restored and they always look great and sell between 2700 and 3500.
bc17a
Well-Known Member
That's exactly what I thought but, because the 2 bikes are twins they must be like gold to this seller. Has anyone here ever calculated the total cost if they replace every available part?
darrel gunderson
Active Member
Well let me tell you... it aint cheap!!! Good paint jobs alone go for almost $900. And there is a lot of labor and running around to consider too.
MotoMike
Member
Agreed, ctbale... while these could very well be nice bikes when they are finished, when it comes to value I think people get confused between what an original might be worth vs a restoration. Take for example a 1970 Plymouth Hemi Cuda, an unmolested, pristine low mileage original will bring well over $100,000 at auction, all day long. A 100% restored version of the same car, maybe $30,000 to $40,000 on a good day. Kind of like the CL ad's with the line "over $XXXX invested", makes it worth that much more? Sorry, but if I'm going to spend that kind of dough, it's going to have to be an original. Of course there is the viewpoint that the market value of something, is exactly what someone is willing to pay for it. I think the exception to that rule comes into play when the buyer has more money than brains. Just my two cents...
I've seen some restored bikes sell for great prices so this statement confuses me. Surely those guys were bringing a profit?
MotoMike
Member
A guy could order up all the individual parts to build a 100% brand new, complete 12 volt CDI motor from the ground up, shelling out something like $2500, maybe more, for the parts and fair labor value... would that motor be worth what it cost to build?
Adam-NLV
Well-Known Member
IF i had the dough and they were delivered for the $9999 price. Yep maybe. You could do worse, I think he's overpriced a grand each ~.
Hold em for a couple of years and you just might be surprised.
When those baby-boomers get a hankerin to re-live their youth, wallets will be-a-opening.
It's only money. You gotta admit cruising on a trail like Red Rock on a nice spring day can be priceless.
Hold em for a couple of years and you just might be surprised.
When those baby-boomers get a hankerin to re-live their youth, wallets will be-a-opening.
It's only money. You gotta admit cruising on a trail like Red Rock on a nice spring day can be priceless.
MotoMike
Member
You've got a good point there, Adam... Imagine a guy asking his wife, "Honey, can I sell 10 or 12 share's of the Apple stock? We'll still have 19988 shares left to live off of"
ctbale
Member
hornetgod
Well-Known Member
Original Bike Cost, OEM Parts, Paint, Chrome can put a 100 point restoration in the $3,000 to $4,000. That does not account for the hours spent. Very few restorations sell for over $3,500. As I said before, little to no profit to be made restoring these. The occasional seller gets lucky and finds a buyer with deep pockets. Most buyers with money would smart to spend $5,000 on a low milage original in like new condition.
dmfreitas
Member
Well if you remember right, my 70 CT-70H sold for $5,000. No one here thought that it would sell and I proved everyone wrong. A true restoration will sell if done correctly, and mine was definitely done right.