Is this guy fishing or is it even close to being worth it ?

Discussion in 'FOR SALE on eBay' started by bcuda, Nov 7, 2014.

  1. hornetgod

    hornetgod Well-Known Member

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    Well, it appears he left without posting. He probably didn't like what he read. Perhaps he will lower his asking price/BIN.

    He got it out a barn that was about to collapse. I bet they nearly gave it away too.
     
  2. CTKing

    CTKing Active Member

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    I must say I didn't see the pics of the engine and vin number stamps until now. We're they added later? If not my bad for saying he should post them. Anyhow at that price and the amount of work it needs I would imagine you would be well north of 5000 after a proper restoration and shipping. With that said having a matching numbers bike is very rare. It will just take the right person to pull the trigger on it.
     
  3. WarnerSteel

    WarnerSteel Member

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    Ha! I just saw this. Yep, that's my bike. I don't expect any of you to agree or really care about what I write in the next few paragraphs, but I'll keep typing anyway.

    I have been perplexed with this damn bike since the day I picked it up this spring. Restore it or leave it as is?
    Honestly, I know I'll never spend the money to restore.
    I enjoy owning it and knowing that I have something thats not very common, but I know I'll never fully enjoy it because I'm afraid to touch it.

    A few years ago, I had a 1968 Camaro that I sold way too cheaply and kick myself every damn day wishing I had it back.
    So... here I am again. I know I wouldn't pay $1800 to $2000 for this bike, but if I sold it for $600, I would be wishing I didn't.

    I had to ask myself: what number would leave me with the least regret of selling it? Even if it sells at the listed price, I'm sure I'll wish I had it back at some point down the road.
    My thoughts are that if someone does buy it, with spending that much, they'll treat it right to a proper restore.

    So, yes, I agree with all your comments. I do have an offer of $1800, but it comes with a few other details that make it less desirable.
    If it doesn't sell, I'll probably crate it up and let my kids worry about dealing with it down the road. :)

    Mike Warner
     
  4. hornetgod

    hornetgod Well-Known Member

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    I'm glad you posted a comment Mike. Well said, it makes a little more sense now hearing it from your point of view.

    This reminds me of a term I hear one of my favorite TV shows, "American Pickers". Sounds like you listed it at your "I don't want to sell it price".
     
  5. cjpayne

    cjpayne Well-Known Member

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    That price would also keep anyone from just stripping it, just to sell the parts.
     
  6. WarnerSteel

    WarnerSteel Member

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    You are correct, I really don't want to sell it, but.....I also feel that it is too special of a bike to just sit as is in my garage in Indy. I understand that most don't care about the matching numbers, but I do and hope that there is someone else out there that will appreciate it for what it is.
     
  7. WarnerSteel

    WarnerSteel Member

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    Bingo!
     
  8. hornetgod

    hornetgod Well-Known Member

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    I have to ask...

    What are the catches in the $1,800 deal? Do you have to take it apart and ship it? Payments? Crating/shipping nightmare? Or a possible money gram or check cashing scam artist from craigslist?

    Truthfully, if you can get a honest $1,800 for this bike the way it is, you should jump on it fast.
     
  9. racerx

    racerx Administrator
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    Mad props to you, Mike...that couldn't have been easy. And, it's rare for someone to come forward with the unvarnished truth behind an unusual auction listing. IMHO, there's nothing wrong with using the market to assist in a tough keep/sell decision.

    FWIW...this specimen looks like an honest barn find, literally. Little UV fading, lotsa surface rust, as I'd expect in a non-climated-controlled building in your part of the Midwest. That said, the only way this bike might reasonably justify/get the ~$4K investment needed to bring it back to its original glory is if you make it happen. Done right, it should be worth at least what you have into it, probably more...with a lot of upside potential (i.e. appreciation) in coming years.

    In your position, I'd be far more afraid of NOT restoring this bike, while parts are still easy to come by at reasonable prices, and before chrome, paint & machine work gets harder to find and substantially more expensive. There's scarcely a piece anywhere on this bike that doesn't need work. Fortunately, this specimen appears mostly complete and straight, worthy of the extensive cosmetic work needed.

    Think of it this way. If you sell it, you'll likely end up kicking yourself over "the one that got away". If you leave it, as-is, you'll likely come to regret not making the most of it whilst the "getting was good". OTOH, if you restore it, you'll get to keep and enjoy your rare find...and you can still leave it to your kids. Just explain to them that you didn't so much spend part of their inheritance as invest it for their future benefit.
     
  10. WarnerSteel

    WarnerSteel Member

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    If someone were to pull the trigger and buy it, I would happily help in crating/shipping. I used the word "details" and that wasn't the best description of my hesitation. I guess the real answer to your question is my comfort level with the potential buyer. The offer seems real enough, but have you ever sold a bike or car to someone and then regretted it because they bugged you to death after the sale? As all of you have pointed out, you can tell the bike needs every component restored from looking at the pics. Our back/forth convo's have me feeling this would be a buyer that will linger.

    And.....now I just have to hope he's not a member here. :)
     
  11. hornetgod

    hornetgod Well-Known Member

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    Too funny. He or she probably is.
     
  12. awm

    awm Member

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    I'd keep it and at least get it running and everything working correctly. GREAT FIND !!!
     
  13. WarnerSteel

    WarnerSteel Member

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    It could use a good carb cleaning, but the bike runs and rides.

    Beside the matching numbers, the thing that fascinated me about this bike is that everything works. Headlight, taillight, both brake switches. None of the cables were frozen or stuck. I hit the pivot point for the foot brake with some WD-40 to loosen it up, but that's about it. I did buy a new battery and put in it.

    I don't really expect it to sell, so I might break it down and clean it up some more.

    Edit: the horn also works. The only thing that does not function as it should is the speedo lights.
     
    #33 WarnerSteel, Nov 11, 2014
    Last edited: Nov 11, 2014
  14. cjpayne

    cjpayne Well-Known Member

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    I would do a by the book tune up, new points set @.016, clean the spinner filter/screen, replace the headlight/speedo lights, rebuild the forks, new tires, carb kit/floats, and just enjoy the thing.......whynot? One more scratch isn't gonna hurt it.lol. They were made to be ridden. Go for it, enjoy.
     
  15. justjj1

    justjj1 Member

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    Kinda funny how the route of this conversation changed after the owner of this neat little bike chimed in......lol. Hats off to you brotha for standing your ground. Sadly, over the years, ebay (and the sort) have earned less desirable names because of people, like most of us, that have been burned. In addition, we have all seen very misleading descriptions and unbelievable prices. For me, if I am going to completely restore (and I do) a bike, I personally wouldn't care if the parts were rusted, etc. THEY ARE ALL GOING TO BE REPLACED ANYWAY! In addition, if a bike is stripped down of bolt on parts.................then hey, that person saved me 2 hrs of tear down time. Keep in mind that is merely my "restoration mind set". When I restored muscle cars, and on the lookout, I always told myself if you have a good body and good engine( the two most important things)..............who cares what the bumpers, window cranks, vinyl top, seat covers, etc. look like.......if your going to restore. Hey, if I didn't have 2 bike restored recently, I would absolutely LOVE to restore this bike and keep it for what it is. The only thing better would be the first or last ct70. Thanks for jumping in .
     
    #35 justjj1, Nov 12, 2014
    Last edited: Nov 12, 2014
  16. WarnerSteel

    WarnerSteel Member

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    I appreciate all the comments about the bike, good and bad. Part of the enjoyment of owning such an oddball bike is being able to share it with others that you know will enjoy it also. At least you guys picked up right away that it was unique and acknowledged that it is somewhat rare. I posted this bike on the Facebook page for "CT70 Enthusiasts" and it took them a day and a half to realize we were talking about an EXACT matching numbers bike, not one just within a few hundred numbers. Not sure why, but whoever runs that page got so flustered that they deleted my post without explanation.

    justjj1 - your line of thinking is the same as mine. Everyone spoke of the rough condition, but other than the frame and motor, most of the parts would be replaced anyway in a proper resto.

    The listing runs its course later today. Thanks to all that checked it out. Whether you agree with the price or not, at least it gave us all something to chat about. :)
     
  17. justjj1

    justjj1 Member

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    Hey, I paid 20 bucks for a 894 mile k1 that had weeds growing thru handle bars. Motor was free. About 3000 buck later I have a bike that is probably as good if not better than other k1's I've seen. If I can be so lucky as to get a good deal on a candy green bike, then I assure you that I will do the same to it. It all depends what the buyer is wanting. Rider or resto...simple as that.
     
  18. OLD CT

    OLD CT Well-Known Member

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    OLD CT never said anything bad..I just need a little discount on the price from a fellow Lil H member. LOL!
    Now that you spoke up,people can understand how you feel about the bike and put themselves in your shoes!
    I don't want to sell it,but if the dough is right,you won't miss it as much!
     
  19. hornetgod

    hornetgod Well-Known Member

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    I see the auction ended. Lots of discussion but, no bids. I'm not sure if the masses on eBay appreciate the rarity of a number matching CT70. If I were you, I would keep it (perhaps fix it up a little or a lot) and enjoy it with your family. I stand by what I said earlier in this thread and I hope no offense was taken.
     
  20. WarnerSteel

    WarnerSteel Member

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    The action really started after the listing ended. I've got three buyers that are very close to meeting my terms, but none has pulled the trigger yet.

    No offense taken by anything that was said. I knew going in my price was stretching the limits of reality. I'm an old guy with thick skin, a little jibbing doesn't bother me.
     
    kirrbby and hornetgod like this.

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