Discussion in 'Classic Motorcycle Events' started by cehenard, Jan 18, 2019.
Watching Mecum Kissimmee Auto Auction on NBC. Coverage of the Vegas bike auction tonight on NBCSN
Just found this
Seems like a lot of super low prices for some nice machines.
That must be the low-cost video portion.
Mk III brought $6250 on Day 2.
red mk3 shows up ~ 2:19:05
3.6k miles - 6.25k US
70 yellow roadster ~ 3:37:25
5.162K miles - 4.5k US
Seems cheaper than street pricing. I have never bought at auction but looks like that is the place to buy!
The P-11s, Atlases, aznd Dommies seem to be fetching a nice price, but the Commandos only so-so. A stock red Mk III went for $6250, as did a '69 S, but a stock '73 850 brought $9K.
Dont forget $100-200 is the price to register to bid + 10% buyers premium. Mecum includes their premium cost on their results page
I thought I heard 18% buyers premium, but that may be incorrect.
Rotaries did well; a Commander fetched $27K. An F1 brought $40K.
$21000+, + 10% buyers prem ,hadda be a nice one, who said Estarts are not desirable!
Somebody thought they were bidding on a John Player Norton...
Who said Estarts are not desirable ?
People who don't have one !
I'll bet that bidder really thought he was getting a rare, original "John Player Norton", when he was getting a "JPN colors" standard Commando. Didn't know actual JPNs were only 74 model. That's gonna hurt, and the SELLER had the happiest day of his life! Can't un-buy it at auction!
He maybe knew what he was getting.
However there was a lower mileage example in a respray black that went for less
There was a guy who brought out a bike exactly like that to Barber Swap Meet. Similar price. But it looked immaculate. Depending on the pedigree of who did the work and what was done I don't think $25k is crazy money.
Your pockets are obviously deeper than mine!
I mean if you replace all of the serviceable parts with new, plus top quality finishes on all of the surfaces you can hit $20k no problem. Especially if you have the purchase price of the bike to start with.
If you go the cheap route like me then it's obviously a fraction of that price.
To become a millionaire restoring old bikes, start with 2 million. One of the mags did a piece on parts prices and concluded it would take $36,000 to build a $10,000 bike from new parts. I'm still aghast at anything but a zero-mile, still-in-the-crate Mk III bringing $21,000.
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