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Las Vegas Motorcycle Auctions

Discussion in 'Classic Motorcycle Events' started by cehenard, Jan 18, 2019.

  1. cehenard

    cehenard VIP MEMBER

    Joined:
    Sep 29, 2014
    Las Vegas Nevada, motorcycle auctions; Mecum, January 22-26. Bonhams, January 26. Check out the listings online.

    Charlie
     
  2. grandpaul

    grandpaul VIP MEMBER

    Joined:
    Jan 15, 2008
    I've heard idle chatter that classic bike prices are "down"; the results of these two auctions, s compared to recent years, will tell. (at least regarding the high end market)
     
  3. Danno

    Danno

    Joined:
    Feb 7, 2010
    Maybe they'll do for old bikes what they did for 60's-70's musclecars and triple the prices.
     
  4. kommando

    kommando

    Joined:
    May 7, 2005
    The boom, such as it has been, since 2008 is coming to an end shortly, Central banks have stopped QE and the Fed is pulling liquidity back out of the system by not renewing the bonds it bought on maturity. The smart money is in cash waiting for the next drop in asset prices to appear and then stabilise, the collections being sold now for good money are at peak prices, the emperor's clothes will be revealed at one of these auctions when most of the lots remain unsold.
     
    xbacksideslider likes this.
  5. grandpaul

    grandpaul VIP MEMBER

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    Jan 15, 2008
    They did that in the 80s and 90s. It has stabilized somewhat since then...
     
  6. grandpaul

    grandpaul VIP MEMBER

    Joined:
    Jan 15, 2008
    Good thing I no longer NEED to sell off my collection; I'm only doing so to simplify my life in retirement.

    There will always be a buyer for a decent classic bike at a reasonable price.
     
  7. brokeneagle

    brokeneagle VIP MEMBER

    Joined:
    Oct 30, 2014
    If Bonhams Barber auction is an example of trends in prices they look to be down or leveling off. Of the 4 Nortons offered, the Dunstall didn't make reserve and the 3 Mark IIIs sold for $7000 or less and appeared to be pretty nice bikes. The big $ sellers were with McQueen provenance. Bonhams star offering, the Black Lightning didn't sell and is being offered in Vegas with a $100,000 less in their estimate. Maybe the Vegas buyers have bigger pockets or are more enthusiastic buyers than Barber's. Curious as to see the results.
     
  8. eskasteve

    eskasteve VIP MEMBER

    Joined:
    Sep 24, 2012
    A few years back my friend couldn't get any reasonable offer on his Gold Star. A local high end collector recommended the Mecum auction in Vegas. He got $8000 over his reserve so maybe the big spenders are in LV.
     
  9. Danno

    Danno

    Joined:
    Feb 7, 2010
    This year's auction at Barber was the first since I've been going. The Vegas auctions are singular events that have been well established, publicized on tv and attended by those with buying intentions. A lot of $ and bikes change hands at the Barber Swap meet and a Vegas auction doesn't have that to compete with. I saw several Vincents, Nortons and other desirable classics at the Swap Meet. Seems like the Barber auction was more of an attraction than an enterprise.
     
  10. brokeneagle

    brokeneagle VIP MEMBER

    Joined:
    Oct 30, 2014
    I've gone to Barber each of the last 8 years. Up untel 2017 there was always an auction but not a suit and tie, open bar, high end one like Banhams. J. Woods did them if I recall in a tent behind the swap meet. Nowhere near the the high end stuff that Bonhams had, even a basket case or two would be up for grabs. My guess is Bonhams won't be back at Barber 2019??? There were cases of auction books left over after the sale so I don't think they had the bidders they expected.
     
  11. Danno

    Danno

    Joined:
    Feb 7, 2010
    Yes that's right. I remember hearing of those now that you mention it. Never very much buzz or any big-ticket items.
     
  12. grandpaul

    grandpaul VIP MEMBER

    Joined:
    Jan 15, 2008
    Vegas was always the best for sellers, not sure how the 2nd auction moving in has affected that.

    I was very disappointed at Barber in 2010 when I was forced to pay Mecum even though I sold my bike in my own pit, just because I had it pass unsold earlier that day. Never again.
     
  13. Danno

    Danno

    Joined:
    Feb 7, 2010
    My guess is that some of Mr. Barber's museum pieces have come from the Vegas auctions and they've done business deals to do auctions at Vintage Fest. It's also my guess you got caught up in some Vegas lawyers' ironclad contract. That's the kind of thing I was dancing around when I mentioned competition between the hoity-toit auction and the swap meet action. And you didn't even have to rent a spot in the swap meet to get snared.
     
  14. Danno

    Danno

    Joined:
    Feb 7, 2010
    Forbes Magazine says according to it's "Top 10 Motorcycles" (all Brough's and Vincent's), the classic bike market is up 4.75% over last year. Several of those making the list are nudging a million dollars in auction value.
     
  15. Fast Eddie

    Fast Eddie VIP MEMBER

    Joined:
    Oct 4, 2013
    Whilst markets will always fluctuate I’m with GP in that there’ll always be an underlying demand.

    The idea that when the ‘first generation’ owners die off, no one will want them doesn’t sound right to me.

    I’m only 50, only two of my bikes are younger than me! And look at the interest in vintage / veteran stuff, it’s just getting stronger.
     
  16. xbacksideslider

    xbacksideslider VIP MEMBER

    Joined:
    Aug 19, 2010
    As for "first generation," that's where the timeless classics come in, the Broughs, Vincents, Crockers, Boardtrack Racers, championship winners, and then a few iconic Japanese, Italian and German models.
     
  17. speirmoor

    speirmoor VIP MEMBER

    Joined:
    Apr 11, 2010
    Was watching today for a while and it seems the market is strong. All the Norton singles pulled in big coin. This mercury caught my eye while previewing the selection a week ago. I kinda wish I was in the room now bidding as I think I could have had a crack at it.
    https://www.mecum.com/lots/LV0119-362266/1970-norton-mercury/
     
  18. jimbo

    jimbo VIP MEMBER

    Joined:
    Sep 25, 2004
    sold my Dunstall there by J Woods a few years ago.
     
  19. jimbo

    jimbo VIP MEMBER

    Joined:
    Sep 25, 2004
    Brian Slark buys for Barbers at the Mecum Vegas auctions, he bought the Turbine bike they have there
     
  20. grandpaul

    grandpaul VIP MEMBER

    Joined:
    Jan 15, 2008
    Brian is also their main Norton guy, I believe...
     

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