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Post by 46ob on Mar 11, 2021 20:07:28 GMT 1
Is it me or do the prices of 350LCs seem to be heading north almost weekly & 500LCs going the same way??..
Here's one for the 500LC owners -a couple of decent 500LCs just shifted on the bay..one was a mint uk original white & red(was this forum member?) with full history & engine re-build history,the other was an import rebuild but re-sprayed in Marlboro & is still on although now reserved.
Each was on for around £18k..does that seem to be the new going rate for mint/full history either standard or nut & bolt bikes?
Not sure Id enjoy thrashing round the lanes on something close to £20k..kind of takes the fun out of it a bit!
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ims
L plate rider.
Posts: 39
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Post by ims on Mar 11, 2021 20:19:13 GMT 1
I’m actually starting to wonder about riding my 500 bike again and and I wouldn’t be leaving it unattended like I used to knowing the price hikes they have been doing,got mine new in 87 and it’s been mothballed for some time now
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Post by 46ob on Mar 11, 2021 20:28:09 GMT 1
At least you got in when they were low single figures!...id get on it & use it!(Carefully)
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ims
L plate rider.
Posts: 39
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Post by ims on Mar 11, 2021 20:38:14 GMT 1
Yes my friend I think I will put some stabilisers on it so I go round the bends upright?
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Post by 46ob on Mar 11, 2021 21:04:16 GMT 1
I'd avoid wet roundabouts in the middle of winter for starters!
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ims
L plate rider.
Posts: 39
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Post by ims on Mar 11, 2021 21:57:56 GMT 1
I reckon I will be alright buddy I still have half a pallet of toilet paper left from the lockdown
I will get a top box on the back a shove a load in it 😀😀
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Post by JonW on Mar 12, 2021 0:48:36 GMT 1
Lol. re the usage of 'silly money' vehicles. Make sure your insurance is up to date and agreed value and you should be fine.  I feel that prices are inflated due to what we term 'Covid-Tax' here. Guys with money and no work had time on their hands. With no 2020 and 2021 family Disney holidays to pay for they were awash with cash (theres a image lol) and after they'd watched all the series reruns of Walking Dead, got bored of the porn sites and realised they will never get any further on their games than they already had they remembered (stumbled on it when surfing the web) that they always wanted (or had owned and wished theyd never sold) a car or motorbike and set to finding their 'dream' one. Supply and demand meant prices went north quickly. IMHO 'too quickly'. There may well be a realignment soon if there is a recession as the supply becomes larger than the demand with people selling these toys as they need the money or are too busy to enjoy them once real life starts again. Little Jimmy and Jemma are still moaning about that promised Disney trip etc. |
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Post by tacky1 on Mar 12, 2021 4:00:45 GMT 1
They are nuts prices, I just sold 2 of mine because I couldn't turn down the offers, Madness.....
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Post by copper99 on Mar 12, 2021 8:33:13 GMT 1
18k seems around the average now, Fastline have apparently sold the RD500 thats up for £27,000 on eBay a couple of days back.
Also agreed prices seem to be soaring almost weekly for these but it equally applies to almost anything from the era, cars,bicycles, records,
even clothes, trainers especially...
Thank God my kids are well past wanting to go to Disney, couldnt be coping with that in my 50s!
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Post by lcmarky on Mar 12, 2021 9:51:24 GMT 1
My 500 is available.. It's a cracking bike too.
I have the 500 and my mint recently restored LC that I'd like to move on and create space. Also have another LC that I want to finish with a 400cc motor, so it's a balance of having lots of stuff and not being able to get to other bikes to work on.
Every time I think I should advertise I think I can't be doing with eBay & kind of stop before I start.
I do ride them all, but one at a time as if I'm actually going anywhere I hop on the GS.
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Post by 46ob on Mar 12, 2021 10:14:10 GMT 1
I think the internet & time off is a fatal combination..but supply & demand dictates the price sometimes but i get wary when hype takes control-its same with shares & house prices i suppose.
Fastlines £27k really is bonkers!
Lcmarky..will pm for some 500 info.
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Post by earthman on Mar 12, 2021 10:17:35 GMT 1
I'd avoid wet roundabouts in the middle of winter for starters! Lol, I doubt that many on here would actually ride a bike during winter period. |
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Post by lcmarky on Mar 12, 2021 10:50:13 GMT 1
I think the internet & time off is a fatal combination..but supply & demand dictates the price sometimes but i get wary when hype takes control-its same with shares & house prices i suppose. Fastlines £27k really is bonkers! Lcmarky..will pm for some 500 info. I agree & we are all guilty of that fatal combo and impulse purchase after a few tins... |
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Post by steve h on Mar 12, 2021 14:25:38 GMT 1
Not all of us  |
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Post by liffy16 on Mar 12, 2021 15:17:04 GMT 1
Not all of us Very true! with my bank account 😂No fear of any scammers emptying it anyway 😂🤣😂 |
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Post by steve h on Mar 12, 2021 15:30:58 GMT 1
Not all of us Very true! with my bank account 😂No fear of any scammers emptying it anyway 😂🤣😂 They're welcome to mine...moths an all. |
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Post by 17again on Mar 12, 2021 18:37:50 GMT 1
you say you won't thrash it. but wait til you get on and ride it.
its what they like : )
i would never ride any of my bikes in the winter or in the rain, or if ts cloudy or dark lol
kidding
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Post by Tobyjugs on Mar 12, 2021 18:48:28 GMT 1
Before Christmas I was working in Lisboa. The turner in the small shipyard where I was working had a 250LC. This bike was completely original and it looked used but not ratty.
I'm back in the ship yard again and today he told me the engine seized up at the end of January, because it was too expensive to repair he sold the bike for 600 euros.
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Post by icarus001 on Mar 13, 2021 10:18:39 GMT 1
18k seems around the average now, Fastline have apparently sold the RD500 thats up for £27,000 on eBay a couple of days back. Also agreed prices seem to be soaring almost weekly for these but it equally applies to almost anything from the era, cars,bicycles, records, even clothes, trainers especially... Thank God my kids are well past wanting to go to Disney, couldnt be coping with that in my 50s! Completed sales on ebay says £14-15k is the average in the last few months, but they're not restored bikes and you'd need to spend £5k+ to get them restored, obviously depending on what you class as 'restored'. So £18-20k for a nut & bolt restored bike seems about what it would cost. I don't know if it's a bubble or just the way the market will stay. I think there will definitely be some sort of financial bubble bursting when the furlough scheme ends and lots of jobs get lost, but if you can afford £20k+ for an RD500 you're probably financially secure anyway so it won't matter. |
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Post by copper99 on Mar 13, 2021 18:25:25 GMT 1
18k seems around the average now, Fastline have apparently sold the RD500 thats up for £27,000 on eBay a couple of days back. Also agreed prices seem to be soaring almost weekly for these but it equally applies to almost anything from the era, cars,bicycles, records, even clothes, trainers especially... Thank God my kids are well past wanting to go to Disney, couldnt be coping with that in my 50s! Completed sales on ebay says £14-15k is the average in the last few months, but they're not restored bikes and you'd need to spend £5k+ to get them restored, obviously depending on what you class as 'restored'. So £18-20k for a nut & bolt restored bike seems about what it would cost. I don't know if it's a bubble or just the way the market will stay. I think there will definitely be some sort of financial bubble bursting when the furlough scheme ends and lots of jobs get lost, but if you can afford £20k+ for an RD500 you're probably financially secure anyway so it won't matter. "The last few months"....The last few weeks ...! 13k gets you a non running project now. It all seems to have intensified even more, the usual suspects that import project bikes and many of the parts we see on the likes of eBay have, for the time being it would seem, given up on trying to get in and out of Europe, which I think has risen prices. Sadly, its mainly the younger generation that have suffered so much in the pandemic, I was looking at new car around Xmas and the Jaguar and BMW dealers where not struggling at all, many cars I went to see sold quickly, while the Citreon and Peugeot dealers that sell the 1.0L runabouts to the younger generation are finding it tougher. Classic bike insurers are still busy with us middle aged /retired folks buying and selling our bikes. While I know you like to keep a eye in on the market, not everything is sold via eBay, you need to cast your net wider to get an overall picture of prices. Regardless, Ill still be out giving mine a good thrash on occasion this Summer anyway, much better for it and me than it stood in the house or garage year on end. |
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Post by JonW on Mar 14, 2021 0:59:21 GMT 1
Its interesting you mention the car thing. Here most dealers have little or no stock of new cars. This is due to the pandemic plus the computer chip supply problems, but also cos people have been buying like crazy. Dealers are finally getting rid of the weird spec and colour cars that they always seem to order, if you want a new small car here you might end up with a dark beige poverty spec version instead of waiting 6+ months for the one you actually want and yes, it will be full RRP.
Its not only expensive or interesting cars that are like that, want a Hi Lux or Rav4 and they just dont have any and a long wait list now. 2 years back new cars was a buyers market, now its a sellers market and boy does it feel like they are lording it over us. List price only deals and long waits are the norm.
I find it interesting to draw parallels with 1989's classic car crash, but these are different circumstances that led to the price rise, that means we are in uncharted territory.
I do take Copper's point that the people with money, still have money. no matter what happens they will still spend 20k on a 500 probably. In 2008 a mate sold new Jags and told me his customers were mostly the same guys trading to newer cars as had done before, maybe they would come in 6-12 months later but they still came in. He also later sold Ferraris and said that the demand never waivered and prices were always RRP of close as they had always wait times. The Maserati side of the dealership suffered a bit tho. lol.
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Post by icarus001 on Mar 18, 2021 7:19:14 GMT 1
"The last few months"....The last few weeks ...! 13k gets you a non running project now. You might be right, either way I don't disagree prices have gone up in this pandemic. The price of parts (and engineering services) has been consistently high for ages, so if the purchase price of projects has gone up then the prices of a finished bike will follow. Demand for luxury stuff has gone up for a lot of things and it will be interesting to see where it settles. |
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Post by icarus001 on Mar 18, 2021 7:26:17 GMT 1
I find it interesting to draw parallels with 1989's classic car crash, but these are different circumstances that led to the price rise, that means we are in uncharted territory. Good point, it's different circumstances. Overall, classic vehicle prices had stalled or even gone down from 2016 onwards, but the pandemic spiked them right back up again. It's tempting to predict a crash or bursting bubble, but the pandemic is a very slow burn event and these prices could end up just being the new normal. The huge fly in the ointment is the financial crash once the governments stop printing money and propping up the finance/economic markets - but this has never been seen or tested before, so it could be anything from the new normal to a massive economic crash, or anywhere in between. |
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Post by JonW on Mar 18, 2021 7:29:57 GMT 1
I find it interesting to draw parallels with 1989's classic car crash, but these are different circumstances that led to the price rise, that means we are in uncharted territory. Good point, it's different circumstances. Overall, classic vehicle prices had stalled or even gone down from 2016 onwards, but the pandemic spiked them right back up again. It's tempting to predict a crash or bursting bubble, but the pandemic is a very slow burn event and these prices could end up just being the new normal. The huge fly in the ointment is the financial crash once the governments stop printing money and propping up the finance/economic markets - but this has never been seen or tested before, so it could be anything from the new normal to a massive economic crash, or anywhere in between. Yep we are thinking on exactly the same lines here. |
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Post by reedpete on Mar 18, 2021 19:20:58 GMT 1
One observation is regarding the take up from our age cohort of new sports bikes...
The data would be fascinating but I have a feeling that after 10+ years of every hankering to get the latest R1 etc, there has been a realisation and shift away from those bikes being the ‘must have ‘ toy. The reality is they are only new for a year and depreciate like a brick, plus riding at warp speed on the roads has never been clever or sustainable.
Theres always a band wagon to jump on so perhaps the money is flowing in a different direction ...brand new R1 or RD500?
I’m sure the majority on here would be heavily RD500 biased , but it’s the ‘swing money’ that would shift the supply/demand equilibrium.
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Post by copper99 on Mar 18, 2021 21:39:51 GMT 1
One observation is regarding the take up from our age cohort of new sports bikes... The data would be fascinating but I have a feeling that after 10+ years of every hankering to get the latest R1 etc, there has been a realisation and shift away from those bikes being the ‘must have ‘ toy. The reality is they are only new for a year and depreciate like a brick, plus riding at warp speed on the roads has never been clever or sustainable. Theres always a band wagon to jump on so perhaps the money is flowing in a different direction ...brand new R1 or RD500? I’m sure the majority on here would be heavily RD500 biased , but it’s the ‘swing money’ that would shift the supply/demand equilibrium. The must have toy is now a GS or one of the supernakeds. They outsell sportsbikes by a massive margin and have done for many years now, that is the "bandwagon" British Dealer News publish the sales figures by split, looking at the last uncovid influenced sales figures, in January 2020, the UK registered around 2,800 new adventure and super naked bike, as opposed to 450 "Supersport " bikes. Anyone considering a new R1 will not likely be deciding between that or a RD500! The average age of a motorcyclist back in the 80s was in his 20s, its now (thanks to ever increasing stringent tests and the cost of passing it) in its 40s. There is very little "new blood" coming into motorcycling. Which in part , is why the prices of our classic bikes( and cars, pushbikes, music etc) has soared. |
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Post by steve h on Mar 18, 2021 22:11:04 GMT 1
Motorcycling... a pastime for pensioners...
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Post by icarus001 on Mar 19, 2021 4:56:11 GMT 1
There are two types of people that buy RD500s, those that had one or always wanted one and ride it for what it is - and those who are buying into the hype and get one, spend loads on it, then they're disappointed because it doesn't live up to the hype and they sell them on to try and recoup their money.
I think it's the second lot driving prices up, but I wonder if it will last.
I was beaten to one a few years ago in a dealers, the price was steep but I eventually plucked up the courage and drove down there, only to find a bloke had beaten me by a day and bought it.
I knew him and stayed in touch, but six months later he asked me if I wanted to buy it as after the hype had died down it didn't live up to his expectations. He wanted more than he paid and I'd ridden one in the meantime and was underwhelmed, so I declined.
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Post by earthman on Mar 19, 2021 9:10:45 GMT 1
There are two types of people that buy RD500s, those that had one or always wanted one and ride it for what it is - and those who are buying into the hype and get one, spend loads on it, then they're disappointed because it doesn't live up to the hype and they sell them on to try and recoup their money. I think it's the second lot driving prices up, but I wonder if it will last. I was beaten to one a few years ago in a dealers, the price was steep but I eventually plucked up the courage and drove down there, only to find a bloke had beaten me by a day and bought it. I knew him and stayed in touch, but six months later he asked me if I wanted to buy it as after the hype had died down it didn't live up to his expectations. He wanted more than he paid and I'd ridden one in the meantime and was underwhelmed, so I declined. I'd say that also applies to an RD350LC to be honest, far too many folk are in it for the money/investment angle rather than the riding/enjoyment aspect. |
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Post by wassy06 on Mar 19, 2021 20:31:22 GMT 1
Bought by people who know the price of everything and the value of nothing
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