Fast Eddie
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- Joined
- Oct 4, 2013
- Messages
- 20,694
Unfortunately it's real. I am lucky enough to make my living on classic motorcycles. The last 3 years I have tracked a large decline in interest and money coming in on TriBeezNorts. 10 years ago I could afford to buy nice socks... Now my socks are air cooled. My buyers are literally dying (sad to loose friends)
The kids coming in are not at all interested in Brit iron. I am making a good profit on Japanese machines from the late 70's now. Buying British bikes for resale is no longer a guaranteed business. The kick-starter scares most of the folks my age (38) let alone all the stories of unreliability and lack of parts (we all know otherwise, they don't)
My customers selling Brit bikes are calling me weekly frustrated they are loosing money on their "investments"
Example in the car market: A gent I know in the pre-war car market showed me a sharp decline in civilian vehicle values in his sales. He just purchased a flawless '29 Ford truck for 8k that had over 70k in receipts..the grandchildren that were responsible for the estate were not interested in it at all and had no success selling it on ebay or Craigs.
Key ingredients (in my opinion)- Rarity and impact at time of release - If it was a mass produced machine it seems it will eventually stabilize in price.
Thanks for the insight, that is very interesting.
Declining prices might seem like good news to people who still enjoy riding these things, but there are negative knock on effects. One being parts supply and quality, we currently enjoy a ridiculously good parts supply for these bikes both in terms of supply (you can just about build a new one if you wanted to) and quality. Parts quality (from most suppliers) is now better than ever. This is all made possible because the market is willing to pay, if bike prices crash, the market won’t be willing to pay and suppliers won’t be able to continue as is.
I still believe there is chance of an up turn, as folk get older their interests may broaden. We’ll have to wait n see.