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Post by brianbutler on Oct 28, 2020 11:27:15 GMT
Here is someone overwhelmed by bikes and bike parts - 100 bikes, 1000 parts evidently. Read his advertisement and tell me what you would give for the lot. Don't worry, I am NOT considering it. It is just interesting to contemplate how one would value it.
Brian
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Post by wheelson on Oct 28, 2020 14:31:14 GMT
Quite a collection, to say the least. There's a local guy with a similar pile of bikes, mostly outside, and mostly low end or at best second tier.
For this entry, I see nothing that would be worth a full restoration. The best hope here would be for a small bike shop with plenty of storage space to build up as used bikes or for parts. The seller mentions tires/tubes, grips/tape, chain and more. If someone walked into the shop I contract with and offered any of these bikes COMPLETE, I'd guess that 25$US would be the absolute max. Even in COVID times when new or used bikes are scarce, our salable bikes are typically hybrid or mountain. Road bikes are a tough sell here in Western Pennsylvania. So if you have $25 in the bike, everything else added is either parts and labor. Typically, a good tune up with minor cleanup is worth $50. Retail cost: 2 tires at $20ea, 2 tubes at $7ea, chain $13.50, freewheel/cassette $25, brake pads $10/wheel, brake and gear cables $10ea, grips/handlebar tape installed $20, additional labor for tires/chain/freewheel/? parts install $40.
So assuming all bearings are ok and don't need repacked and wheels are reasonably true with no broken or rusted-out spokes, more than a light cleaning/polishing/rust removal, we're already at $287.50 in the bike. True, parts are at retail, but if you're an individual out there taking on this mess, that's what you'd be into it for, keeping in mind that right now some of the parts needed might be difficult to come by, new or used.
So, in pre-COVID times, I'd recommend that a customer would be wise to invest no more than half the cost of a comparable new bike in a rebuild unless it was a highly collectable bike or had sentimental value. A decent hybrid sells for about $450 (if you could get one, we've been sold out since the end of May), so conceivably the above calculations would allow a $25 initial purchase IF the bike was in rolling condition and had been stored well as in not "ridden hard and put up wet". Unfortunately, I'm not seeing many in this herd that would qualify, possibly the Peugeot U08, and it's a road bike and would not move well in this area, or maybe one or two of the mountain bikes. The tandem would be an absolute disaster.
All probably more than you want to hear, but that's how I as a shop or an individual would approach this. Now about my garage mess . . .
Best,
John "wheelson"
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ks1u
Viscount
Posts: 76 
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Post by ks1u on Oct 28, 2020 14:52:26 GMT
Wow, not much junk there. I'd offer him $500 for the lot if I had the room here, which I don't. Good thing too, because Boston is not that far away from me. As good a deal as that would be, I don't think there will be that many takers.
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Post by oldroadietehachapi on Oct 28, 2020 15:32:05 GMT
I have no idea what it is worth. I would like to have a couple of the small road frames. I would build them into loaner bikes for our group rides. Our rides are casual and we try to get young people started on road bikes. The catch, they ride their own clunky beast and become discouraged. If I had a couple of small road bikes for them to try, perhaps they would become more involved. So if someone is crazy enough to buy the lot, sell me some small frames. Nevertheless, if any of you know where I can get a couple of small frames on the cheap; let me know.
Jim
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Post by brianbutler on Oct 28, 2020 16:09:30 GMT
Wow, not much junk there. I'd offer him $500 for the lot if I had the room here, which I don't. Good thing too, because Boston is not that far away from me. As good a deal as that would be, I don't think there will be that many takers. We think alike. I figure $500 is about right, $5 a bike if you wanted this pile for hobby/parts and did not intend to make money by fixing and flipping. Assuming 20 lbs of steel in each bike, the scrap value is about $100.
Another way to look at it is if there are 10 bikes in there with hobby value of $40 each, you could buy the lot for $500 and scrap 90% of it. But if you have storage, it would be better to keep the 90% for spares or possibly eBay part sales.
I don't see too many diamonds in the rough.
Brian
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Post by franco on Oct 28, 2020 16:59:21 GMT
Wow, not much junk there. I'd offer him $500 for the lot if I had the room here, which I don't. Good thing too, because Boston is not that far away from me. As good a deal as that would be, I don't think there will be that many takers. We think alike. I figure $500 is about right, $5 a bike if you wanted this pile for hobby/parts and did not intend to make money by fixing and flipping. Assuming 20 lbs of steel in each bike, the scrap value is about $100.
Another way to look at it is if there are 10 bikes in there with hobby value of $40 each, you could buy the lot for $500 and scrap 90% of it. But if you have storage, it would be better to keep the 90% for spares or possibly eBay part sales.
I don't see too many diamonds in the rough.
Brian
Agree with that Brian. At a quick glance the white Peugeot looks like it has some nice lugs and a couple of old Phillips that could be interesting. Old step-thru bikes don’t sell easily over here so stuff like that Raleigh Superbe may as well be broken down for parts. Mountain Bikes I’ve got no real interest in. 500 max I’d say. |
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Post by brianbutler on Oct 28, 2020 18:44:25 GMT
The more I think about this pile, the more I think the seller will have to pay to have it taken away.
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Jem
Viscount
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Posts: 3,390
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Post by Jem on Oct 29, 2020 8:57:06 GMT
Quite a collection, to say the least. There's a local guy with a similar pile of bikes, mostly outside, and mostly low end or at best second tier. For this entry, I see nothing that would be worth a full restoration. The best hope here would be for a small bike shop with plenty of storage space to build up as used bikes or for parts. The seller mentions tires/tubes, grips/tape, chain and more. If someone walked into the shop I contract with and offered any of these bikes COMPLETE, I'd guess that 25$US would be the absolute max. Even in COVID times when new or used bikes are scarce, our salable bikes are typically hybrid or mountain. Road bikes are a tough sell here in Western Pennsylvania. So if you have $25 in the bike, everything else added is either parts and labor. Typically, a good tune up with minor cleanup is worth $50. Retail cost: 2 tires at $20ea, 2 tubes at $7ea, chain $13.50, freewheel/cassette $25, brake pads $10/wheel, brake and gear cables $10ea, grips/handlebar tape installed $20, additional labor for tires/chain/freewheel/? parts install $40. So assuming all bearings are ok and don't need repacked and wheels are reasonably true with no broken or rusted-out spokes, more than a light cleaning/polishing/rust removal, we're already at $287.50 in the bike. True, parts are at retail, but if you're an individual out there taking on this mess, that's what you'd be into it for, keeping in mind that right now some of the parts needed might be difficult to come by, new or used. So, in pre-COVID times, I'd recommend that a customer would be wise to invest no more than half the cost of a comparable new bike in a rebuild unless it was a highly collectable bike or had sentimental value. A decent hybrid sells for about $450 (if you could get one, we've been sold out since the end of May), so conceivably the above calculations would allow a $25 initial purchase IF the bike was in rolling condition and had been stored well as in not "ridden hard and put up wet". Unfortunately, I'm not seeing many in this herd that would qualify, possibly the Peugeot U08, and it's a road bike and would not move well in this area, or maybe one or two of the mountain bikes. The tandem would be an absolute disaster. All probably more than you want to hear, but that's how I as a shop or an individual would approach this. Now about my garage mess . . . Best, John "wheelson" Absolutely great economic analysis there John, I enjoyed reading your thinking. I did see a couple of things in there I would be interested in (Panasonic and Univega), but it would need an industrial scale operation to refurb all of those and do anything with them. |
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Post by wheelson on Oct 29, 2020 12:38:59 GMT
Jem, thanks for your comment. On another note, something like a charitable giveaway might be a solution in some areas. I think there are several gentlemen in the greater Pittsburgh, Pennsylvania USA area that collect old bikes, fix them up, and give them to local children. My thoughts go to "oldroadie" Jim and his efforts to get small bikes to kids in his area. He's in California but I may have at least one, maybe two bike framesets plus parts that I acquired in a search for a small frame for my wife. We'll see if that might work somehow.
Best,
John "wheelson"
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Post by brianbutler on Oct 29, 2020 13:32:19 GMT
There is no shortage of low-end used bikes in the world:
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Post by wheelson on Oct 29, 2020 15:03:12 GMT
I have no idea what it is worth. I would like to have a couple of the small road frames. I would build them into loaner bikes for our group rides. Our rides are casual and we try to get young people started on road bikes. The catch, they ride their own clunky beast and become discouraged. If I had a couple of small road bikes for them to try, perhaps they would become more involved. So if someone is crazy enough to buy the lot, sell me some small frames. Nevertheless, if any of you know where I can get a couple of small frames on the cheap; let me know.
Jim
Jim, I may have a small frameset plus parts that could work for you. I know we're a country width apart but if you're interested perhaps we can make it happen for your worthy cause. Contact me offlist with your email address and I'll shoot you some photos. wheelson2011 AT gmail DOT com Best, John "wheelson"
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Post by oldroadietehachapi on Oct 29, 2020 15:45:29 GMT
My idea is a couple of loaner, youth size bikes, for our group rides. I am "roadifying" an old Trek 800 Mountain bike and also purchased (gambled on) this 50cm bike a Vilano R2 found on eBay, as a customer return. Anything could be wrong with it, or nothing at all; like I said a gamble. If the frame is toast, I may have useful parts. But it cost little more than regular shipping cost, so why not?
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Post by oldroadietehachapi on Oct 30, 2020 5:05:32 GMT
The uniformity of the bikes and the housing (in the background) is I suppose an indicator of life in China. To someone in the western US it appears much like an ant farm. There is no shortage of low-end used bikes in the world:
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Post by franco on Oct 30, 2020 9:29:30 GMT
Frightening isn’t it.
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Post by oldroadietehachapi on Nov 2, 2020 14:56:10 GMT
My idea is a couple of loaner, youth size bikes, for our group rides. I am "roadifying" an old Trek 800 Mountain bike and also purchased (gambled on) this 50cm bike a Vilano R2 found on eBay, as a customer return. Anything could be wrong with it, or nothing at all; like I said a gamble. If the frame is toast, I may have useful parts. But it cost little more than regular shipping cost, so why not?
I picked up the nice little Specialized Allez with Shimano 600 group. I was able to buy it for a very reasonable cost that fit the budget. I wonder if smaller hands can work the bifters?  Little Allez 1 by Jim_Gude, on Flickr
I now have three loaner bikes would should be more than enough.
All the Best Jim
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Post by franco on Dec 18, 2020 11:16:07 GMT
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Jem
Viscount
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Posts: 3,390
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Post by Jem on Dec 18, 2020 19:38:16 GMT
They look in pretty ok condition. I wonder how one comes to have that many of that style bike? I used to have a Twenty and it was very good. |
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Post by franco on Dec 18, 2020 20:17:57 GMT
They look in pretty ok condition. I wonder how one comes to have that many of that style bike? I used to have a Twenty and it was very good. A lot of the chrome looks tidy on them doesn’t it. Ive got a Twenty and a Triumph version, handy for nipping around town. Like Viscounts or whatever I think it becomes addictive Jem, when you see one going cheap you can’t help yourself. 12 is a lot though. |
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