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Post by shandyboy on Jan 9, 2020 21:00:25 GMT 1
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Post by earthman on Jan 9, 2020 21:42:50 GMT 1
Do you mean price wise? Generally everything cpc1966 puts up on eBay is overpriced.
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Post by spondon440 on Jan 9, 2020 22:00:33 GMT 1
He is just chancing his arm surely, whats up with that? its not sold and I would imagine he will take offers on it.
The ZX7R is quite nice, I've always had a soft spot for them, would have thought £3000 to £3500 would be top money for that but who knows.
Andy
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Post by veg on Jan 9, 2020 22:21:07 GMT 1
It is a very good example however what would you do with it? Park it in the house and never ride it? Use and destroy its uniqueness? Not a quandary i will have to wrestle with as i wouldn't pay that much for an Lc.
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Post by donkeychomp on Jan 9, 2020 23:12:59 GMT 1
For that kind of money I'd want an all singing all dancing dogs bollocks hybrid with one hell of a tune as well. Even then I'd have to think very hard about it. Way overpriced.
Alex
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Post by Gunny on Jan 9, 2020 23:26:07 GMT 1
Depreciation proof investment? I don`t see that gaining more value than that? I may be wrong
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Post by nobby62 on Jan 10, 2020 9:56:49 GMT 1
Each to his own I guess.. it looks like a very nice bike but what use is it? Ride it and it will deteriorate, put it in a cabinet and look at it? It would be an expensive ornament..... Only of interest to somebody with too much money imo....
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Post by earthman on Jan 10, 2020 10:22:13 GMT 1
Each to his own I guess.. it looks like a very nice bike but what use is it? Ride it and it will deteriorate, put it in a cabinet and look at it? It would be an expensive ornament..... Only of interest to somebody with too much money imo.... I agree, too much money and a bit daft shall we say. Lol |
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Post by yamman1066 on Jan 10, 2020 10:26:54 GMT 1
hi,find another uk 2 owner bike ??
there not for sale
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Post by earthman on Jan 10, 2020 10:33:19 GMT 1
hi,find another uk 2 owner bike ?? there not for sale So that fact alone justifies the crazy price?....I don't think so. |
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Post by veg on Jan 10, 2020 10:57:51 GMT 1
hi,find another uk 2 owner bike ?? there not for sale And that’s the whole point, buy it and do what with it? You can’t use it because you’re 3rd owner and you’re going to increase the mileage which will start to devalue your investment, or park it as an ornament and hope it increases in value? What happens when those the appreciate them are all gone? They may be beautiful and iconic etc etc but they aren’t a Rembrandt or a Hockney. If I had the cash I would have it and rag it. I like it but saying it’s an investment is spurious ( remember your investments can go up as well as down). Fair play to him and all that . Also Padgetts had a few 250’s in crates they were on the market for £10k and iconically the 250 is the original the daddy and what most of us would have started on, zero owners as well. |
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Post by jon on Jan 10, 2020 15:39:39 GMT 1
I don’t think anyone on here would argue it’s not a very desirable bike, it’s just whether they would pay the asking price to own it IF they had the money. In other words is it worth it?
Unfortunately we don’t have a Parker’s guide for LCs.
At the end of the day I don’t blame the seller for trying his luck. Who knows. BUT the price limits the market considerably, so he obviously doesn’t need t selll.
The proof of the pudding is IF it sells at this price.
I could put my LC up for half the amount and I know it would never sell as it’s not as desirable.
Jon
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Post by nobby62 on Jan 10, 2020 16:52:50 GMT 1
How much would it cost to buy and restore a bike to that condition? If you have the skills and knowledge, which many on here clearly have, then you can do it...I’m guessing about 7k ?.... So if you don't have the skills and knowledge you’re gonna have to pay that amount plus a mark up for the builder.... so you could be talking 10k?... So does that make the advertised bike is overpriced?...am I talking bollocks.👀👀 after all it IS a restoration...not an original bike in factory finish.
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Post by pdxjim on Jan 10, 2020 17:39:16 GMT 1
As an outsider in the US, I'll say it seems we're nearing the peak for early '80's bikes (and cars, and...)
The target demographic is just at the right age where nostalgia and buying power intersect.
Kwak triples from the early '70's peaked about five years ago, which is why (UK triples Guru) Rick Brett sold (almost) everything and moved to the States.
Not much investment potential left if you buy at the peak of the market.
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Post by steve h on Jan 10, 2020 22:16:28 GMT 1
Its a restoration job, the fact that is has only 2 owners is immaterial.. might as well of been 12.
I have a 2 owner bike with only 3k miles.. that don't make it ridiculously over priced.. even with all its original parts! and chain... even have the orig brake pads...but lost all the 1980 air from the tubes. I would sooner give it away than cash in on the bandwagon Don't worry.. it is going to go to an ENTHUSIAST! not a doey eyed prat with too much money who has retired early and regrets selling his at 18yrs of age to buy a f**king Ford Escort/Capri to impress the local girls...
Pisses me off.. these bikes are f**king riders... STILL brilliant!! Shame that many who appreciate this are being affected by barmpot prices. i.e. owning one of every colour.
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Post by veg on Jan 10, 2020 22:50:29 GMT 1
Interesting take Steve I met an lc owner the other week at a dinner party (f**k I sound like a t**t) anyways I think great another lc owner his next line was they are investments the conversation ended there and then. Tried to talk to him and he hadn’t got a f**king clue, but he had a portfolio of other bikes that he clearly didn’t use , I just thought you were obviously the fat t**t at school who was bullied.
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Post by earthman on Jan 10, 2020 23:28:33 GMT 1
Interesting take Steve I met an lc owner the other week at a dinner party (f**k I sound like a t**t) anyways I think great another lc owner his next line was they are investments the conversation ended there and then. Tried to talk to him and he hadn’t got a f**king clue, but he had a portfolio of other bikes that he clearly didn’t use , I just thought you were obviously the fat t**t at school who was bullied. I really don't get folk like that either, why does the money aspect rule over everything else? It's far better to ride and enjoy now I say.  Some of these folk are going to end up with 'egg on their face' I reckon, at some point any vehicle that has a combustion engine will become undesirable anyway, that's just the way the world is going I feel. |
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Post by steve h on Jan 10, 2020 23:36:54 GMT 1
Interesting take Steve I met an lc owner the other week at a dinner party (f**k I sound like a t**t) anyways I think great another lc owner his next line was they are investments the conversation ended there and then. Tried to talk to him and he hadn’t got a f**king clue, but he had a portfolio of other bikes that he clearly didn’t use , I just thought you were obviously the fat t**t at school who was bullied.   (no you don't sound like a *wat at all... bit of a hipster maybe..) |
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Post by shell2tx on Jan 11, 2020 2:42:48 GMT 1
Yes they are built to ride but people unwittingly follow the market and you see the numbnuts trying for 13k then somebody puts one on for 10k somebody else for 9 and another for 8 then loads appear for 8 and somebody else puts one on for 7 and you find yourself thinking hey that's a bargain and then you slap yourself, the investor brigade will spend money on what they deem to be the right bike/car but every body is affected by it at some point I don't know of anyone who bought an lc many years ago kept it till recently and sold it for washers if it cost 700 in 2003 and was in good condition then and all you did was looked after it I'm sure nobody would sell it for 700 now the market rises try getting a rough 350 for under 2500 and they WILL get banned God knows what the emmisions are on an old two stroke we will all have to put electric motors inside the cases and put speakers in the exhausts to replicate the sound
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Post by icarus001 on Jan 11, 2020 6:53:13 GMT 1
I agree with everyone here, I wouldn't pay that sort of money.
But for some people money isn't important at all, they just want something and the cost isn't important, I'm guessing he's aiming for those people.
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Post by Jethro5 on Jan 11, 2020 10:28:58 GMT 1
Don't over think it. Its someone else's money. If they want it and have the money it's their call.
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Post by nobby62 on Jan 11, 2020 12:23:52 GMT 1
Its alright saying they aren’t investments. But the fact is that they ARE investments. You may buy yours to ride it, I buy mine to ride them.... But the value of these and similar classics is increasing faster than the average interest rate which by default makes them an investment, fact. Therefore people who may normally not have any interest in them now do because they are an investment. So they are now also buying them, and then they sell them....and you will probably have to deal with them at some point, simple.
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Post by icarus001 on Jan 11, 2020 15:06:06 GMT 1
Its alright saying they aren’t investments. But the fact is that they ARE investments. You may buy yours to ride it, I buy mine to ride them.... But the value of these and similar classics is increasing faster than the average interest rate which by default makes them an investment, fact. Therefore people who may normally not have any interest in them now do because they are an investment. So they are now also buying them, and then they sell them....and you will probably have to deal with them at some point, simple. I think most of us that buy them to ride have probably spent more on our bikes than we'd get back in a sale. If you buy any RD350LC advertised today, restore it or personalise it, then ride it for a few years, maintain it properly, insure it, put tyres on etc, then try and sell it you probably won't make very much money at all. In fact you might lose a fair bit if/when the arse falls out of them, like the RD500s that people spent silly money on but they haven't gone up in value in a few years. If you're riding your bike around then it's not an asset, it's a liability because you're spending money on it every year. It's like when people say their house is an asset, it's not if you're living in it because it's costing you money, not making you money. "Kiyosaki defines an asset as anything that puts money in your pocket. A liability is anything that takes money out of your pocket. The big mistake that poor and middle class people make, according to Kiyosaki, is spending their lives buying liabilities instead of assets" |
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Post by nobby62 on Jan 11, 2020 15:45:06 GMT 1
Lol... anything you own that you can sell is an asset.. if its worth more than you paid for it its an appreciating asset, including your home!
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Post by veg on Jan 11, 2020 16:48:28 GMT 1
They may be bought as investments however that is no guarantee that it will make you a profit, had I bought a Vincent in 1985 from verralls for £1000 and stashed it for 35 years I would get a return today of £50k plus, however that’s whilst there is still a market, no market no profit. If I buy an lc today at £10k plus it is unlikely to ever gain much in value. If I emigrated to Canada and took said lc with me it isn’t going to realise any profit as no demand.
The demand for these bikes isn’t likely to increase much beyond today and the demand is generally from 50 plus its old males and we are a damn site closer to death than teenagers therefore demand is ultimately likely to fall coupled with emissions laws etc it’s only going one way.
They are also not one offs or particularly limited in the global amounts
In comparison to truly limited valuable vehicles Ferrari 250gto etc, nor do they have universal appeal like houses, ultimately if it is purely financial you’re on a hiding to nothing and I have no sympathy if however the pleasure you get is through the ownership, the riding or maintenance or even the build then great.
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Post by icarus001 on Jan 11, 2020 17:10:53 GMT 1
Lol... anything you own that you can sell is an asset.. if its worth more than you paid for it its an appreciating asset, including your home! I was just making a distinction between an asset and a liability, but outside of that then yes, I suppose you can call everything you own an asset, even if you're losing money on it. |
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(no you don't sound like a *wat at all... bit of a hipster maybe..)
