Go Back  Bike Forums > Bike Forums > Classic & Vintage
Reload this Page >

Flipped for big $$$?

Notices
Classic & Vintage This forum is to discuss the many aspects of classic and vintage bicycles, including musclebikes, lightweights, middleweights, hi-wheelers, bone-shakers, safety bikes and much more.

Flipped for big $$$?

Old 07-19-19, 11:15 AM
  #1  
Jp42
Senior Member
Thread Starter
 
Join Date: Feb 2015
Location: Central PA
Posts: 113

Bikes: Ross Signature Tom Kellogg, Schwinn Voyageur, Bridgestone RB1, Lotus Pegasus

Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 18 Post(s)
Liked 27 Times in 10 Posts
Flipped for big $$$?

Have you ever sold a bike only to see it posted for big $ a little while later?

I sold this Ritchey a few months back for $250.

Now it's on an online auction site for $1100. I doubt the seller will see that price, but it kinda hurts anyway - especially because he did absolutely nothing to the bike!

Has this ever happened to you?

First photos are when I had it.



Jp42 is offline  
Old 07-19-19, 11:27 AM
  #2  
trailangel
Senior Member
 
trailangel's Avatar
 
Join Date: Feb 2014
Location: Pasadena, CA
Posts: 3,831

Bikes: Schwinn Varsity

Mentioned: 17 Post(s)
Tagged: 0 Thread(s)
Quoted: 1391 Post(s)
Liked 110 Times in 73 Posts
$1100?......
trailangel is offline  
Likes For trailangel:
Old 07-19-19, 11:33 AM
  #3  
Jp42
Senior Member
Thread Starter
 
Join Date: Feb 2015
Location: Central PA
Posts: 113

Bikes: Ross Signature Tom Kellogg, Schwinn Voyageur, Bridgestone RB1, Lotus Pegasus

Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 18 Post(s)
Liked 27 Times in 10 Posts
Originally Posted by trailangel View Post
$1100?......
I could see $500 if you wait for the right buyer, but honestly the bike is in pretty rough shape, the wheels and rear derailleur are worn out and a bunch of other stuff. That's why I sold it on CL - so the buyer could see exactly what they were getting.
Jp42 is offline  
Likes For Jp42:
Old 07-19-19, 11:33 AM
  #4  
Mitkraft
Senior Member
 
Join Date: Aug 2018
Posts: 134
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 47 Post(s)
Liked 6 Times in 5 Posts
No reason for it to hurt if it hasn't sold. People put stuff on eBay for stupid prices all day every day. Remember "Askin ain't gettin!"
Mitkraft is offline  
Likes For Mitkraft:
Old 07-19-19, 11:41 AM
  #5  
Jp42
Senior Member
Thread Starter
 
Join Date: Feb 2015
Location: Central PA
Posts: 113

Bikes: Ross Signature Tom Kellogg, Schwinn Voyageur, Bridgestone RB1, Lotus Pegasus

Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 18 Post(s)
Liked 27 Times in 10 Posts
Originally Posted by Mitkraft View Post
No reason for it to hurt if it hasn't sold. People put stuff on eBay for stupid prices all day every day. Remember "Askin ain't gettin!"
Fair enough, and I've flipped a few bikes in my time too. At least I put some parts and tires on it, tuned it up a bit though.
Jp42 is offline  
Old 07-19-19, 11:45 AM
  #6  
SurferRosa
Senior Member
 
SurferRosa's Avatar
 
Join Date: Dec 2018
Posts: 1,174

Bikes: old school 531c & campy

Mentioned: 34 Post(s)
Tagged: 0 Thread(s)
Quoted: 507 Post(s)
Liked 143 Times in 87 Posts
Has this ever happened to you?
"Nevah!"

SurferRosa is offline  
Old 07-19-19, 11:49 AM
  #7  
rccardr 
aka: Dr. Cannondale
 
rccardr's Avatar
 
Join Date: Jul 2009
Posts: 5,498

Bikes: Lots. Just...lots.

Mentioned: 158 Post(s)
Tagged: 0 Thread(s)
Quoted: 1095 Post(s)
Liked 70 Times in 52 Posts
Yes.

Sold a Tommasini Velocista (MAX tubing, limited edition, very rare, perfect condition) with full DA 7402/3 on eBay several years ago and the buyer immediately stripped it to the bare frame and listed it for as much or more than he bought it for.

Needless to say, lingered for a long time...
__________________
Hard at work in the Secret Underground Laboratory...
rccardr is offline  
Old 07-19-19, 11:59 AM
  #8  
bikemig 
Senior Member
 
bikemig's Avatar
 
Join Date: Apr 2012
Location: Middle Earth (aka IA)
Posts: 15,793

Bikes: A bunch of old bikes and a few new ones

Mentioned: 124 Post(s)
Tagged: 0 Thread(s)
Quoted: 3891 Post(s)
Liked 225 Times in 183 Posts
Not my bike but a vintage Cannondale mountain bike sold for $75 and is now listed at $225. I see stuff like that all the time. There are pickers on CL who try to sell stuff at stupid prices.
bikemig is offline  
Old 07-19-19, 12:05 PM
  #9  
Jp42
Senior Member
Thread Starter
 
Join Date: Feb 2015
Location: Central PA
Posts: 113

Bikes: Ross Signature Tom Kellogg, Schwinn Voyageur, Bridgestone RB1, Lotus Pegasus

Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 18 Post(s)
Liked 27 Times in 10 Posts
Thanks all for the replies, I guess it was just a rant that didn't need its own thread. I do have it on my watch list though, have to wait to see if it sells.
Jp42 is offline  
Old 07-19-19, 12:23 PM
  #10  
CliffordK
Senior Member
 
CliffordK's Avatar
 
Join Date: Nov 2014
Location: Eugene, Oregon, USA
Posts: 22,979
Mentioned: 178 Post(s)
Tagged: 0 Thread(s)
Quoted: 9209 Post(s)
Liked 208 Times in 161 Posts
There are certain very early MTBs that may get a special following and sell for far more than one might expect.

But, I have to agree.. that $1100 seems a bit high.

I have seen a few flippers on Craigslist. There was a very rough Peugeot PX10 on Craiglist for $75... try as I might, the seller was very bad at communicating. Never giving a phone number. Saying things like "Let's Meet", but never specifying where.

Anyway, a few days later, the bike popped up for sale for $300, I think. It still might have been an ok deal, but the bike was very rough, and I was offended by the whole process.

There probably have been a few bikes that I could have flipped with minimal effort... if I wanted to.
CliffordK is offline  
Old 07-19-19, 12:24 PM
  #11  
Drillium Dude 
NNNN
 
Drillium Dude's Avatar
 
Join Date: Jul 2009
Location: Bothell, WA
Posts: 9,615

Bikes: 1973 Colnago Super, 1973 Colnago Super concept, 1979 Medici Pro Strada, 1979 Dennis Sparrow, 1980 Alpina, 1981 Bianchi Super Leggera, 1983 Colnago Mexico, 1985 Casati Perfection, 1985 Somec Super Corsa, 2002 Bill Davidson custom

Mentioned: 173 Post(s)
Tagged: 0 Thread(s)
Quoted: 1159 Post(s)
Liked 248 Times in 137 Posts
I sold this a few years ago: https://www.flickr.com/photos/303310...h/20796196330/

The buyer claimed he wanted a vintage bike that he could ride around Seattle's bike trails. Found out a couple days later he'd stripped it completely and was selling it piece by piece on Ebay. Note the way all the components were detailed to match the frame color. This was a solid whole which this azz turned into an orphan IMHO. Oh, well. I didn't ride it a whole lot anyway (it was a bit of a wet noodle at the BB), and he only made a couple hundred over what I got from him. C'est la vie.



An interesting postscript to this story: not a year later I visited the Seattle Bike Swap at the Convention Center with the intention of selling the Sparrow. I was waiting in line to register it for the For Sale bike corral. The very same dude came up and asked how much I was asking for it; when I realized who it was I told him I wouldn't sell to him regardless of price because I didn't want to see another of my carefully-built bikes parted out for profit. He walked away without saying a word.

DD
__________________
My Flickr pics: http://www.flickr.com/photos/30331021@N08/

Drillium Dude is offline  
Likes For Drillium Dude:
Old 07-19-19, 12:32 PM
  #12  
CV-6 
If I own it, I ride it
 
CV-6's Avatar
 
Join Date: Nov 2005
Location: Cardinal Country
Posts: 4,866

Bikes: Lejeune, Raleigh, Raysport, Jan De Reus, Gazelle, Masi, B. Carré, Springfield, Motobecane, John Howard, Greg Lemond

Mentioned: 46 Post(s)
Tagged: 0 Thread(s)
Quoted: 337 Post(s)
Likes: 0
Liked 50 Times in 34 Posts
Allow me to relate what I think is kind of an interesting story.

I bought a 3Rensho with 1st Gen C-Record at a good price, then sold it to a rather well known (in some circles) eccentric collector. I got cash and a large collection of Campagnolo components. About a year later, he emailed me asking if I wanted to buy it back at a really fair price. Had it been my preferred size, I would have done so, but I passed. A few weeks later, it was on eBay for $2500. I got a laugh out of it as he said it had been professionally prepared. He had not done a thing to it, I could see where I had botched the bar wrap. Anyway it disappeared. Several months later, I got a note from a BF member saying he had my old 3Rensho frame. I figure someone bought the bike for the C-Record and flipped the frame.
__________________
Please do not "like" my posts. This isn't Facebook.

Lynn Travers

Photos

CV-6 is offline  
Likes For CV-6:
Old 07-19-19, 12:41 PM
  #13  
wrk101
Thrifty Bill
 
wrk101's Avatar
 
Join Date: Jan 2008
Location: Mountains of Western NC
Posts: 22,141

Bikes: 86 Katakura Silk, 87 Prologue X2, 88 Cimarron LE, 1975 Sekai 4000 Professional, 73 Paramount, plus more

Mentioned: 72 Post(s)
Tagged: 0 Thread(s)
Quoted: 696 Post(s)
Liked 88 Times in 71 Posts
I sold a low end Asian Bianchi for $50. Guy who bought it drove 2 hours one way to get it. A week later I saw it on his C/L for $500. Then on eBay for $500.

it slowly dropped in price but at around $200 it disappeared so I think he sold it.

I buy and sell a lot of stuff, not just bikes. No doubt people have bought from me and then flipped the item for more money. Sold two sets of pedals on eBay recently to the same buyer, used but in great shape. Buyer has been selling NOS versions of the same pedals for 5X. I’m kind of waiting for the ones I sold to reappear as NOS. So be it. I sold them for what I paid for the entire bike. So I am good. If he makes a lot more food for him.

Last edited by wrk101; 07-24-19 at 05:30 PM.
wrk101 is offline  
Old 07-19-19, 12:42 PM
  #14  
malcala622
Senior Member
 
malcala622's Avatar
 
Join Date: Oct 2014
Location: Pico Rivera, CA
Posts: 2,151

Bikes: Bianchi Trofeo/Giro.Tommasini Prestige. Bottecchia Cromor. Gios Torino. Torelli Strada. Miele Latina. Ciocc Design

Mentioned: 60 Post(s)
Tagged: 0 Thread(s)
Quoted: 590 Post(s)
Likes: 0
Liked 94 Times in 69 Posts
The tall Colnago that was on goodwill auction sold for $250 or so.,,its on offerup for triple now,...its still droppng in price
malcala622 is offline  
Old 07-19-19, 12:56 PM
  #15  
jamesdak
Senior Member
 
Join Date: Aug 2010
Location: Utah
Posts: 5,603

Bikes: G.L. Maillot Juane & Ventoux,Schwinn Circuit, Prologue,PDG Paramount,Paramount,Tempo,Jake The Snake,LeMond Zurich & Tourmelet,Giordana XL Super & Antares,Puegeot U08,Bob Jackson,Fuji S12-S,Opus III,Orbea Cabestany,Bianchi Campione,Basso Gap

Mentioned: 88 Post(s)
Tagged: 0 Thread(s)
Quoted: 1241 Post(s)
Liked 176 Times in 109 Posts
Never happened to me and I don't think I'd worry about it if it did. I sell them for what I'm comfortable with so if someone them makes more off of it later I really don't care. Life's to short to sweat the small stuff...
jamesdak is offline  
Old 07-19-19, 12:59 PM
  #16  
SurferRosa
Senior Member
 
SurferRosa's Avatar
 
Join Date: Dec 2018
Posts: 1,174

Bikes: old school 531c & campy

Mentioned: 34 Post(s)
Tagged: 0 Thread(s)
Quoted: 507 Post(s)
Liked 143 Times in 87 Posts
I've only parted out one bike with both the intention of making some cash and being able to clean up and polish some vintage Campy bits I find therapeutic. It was a very tall '70s Lygie with nearly full Campagnolo. The paint was pretty bad, so I parted it out. I netted about $400 -- all on craigs -- after I spent hours and hours on it.

It feels a lot more rewarding when I can keep an original bike together. But if I can't make the numbers work, at least (in this case, anyway) everything went to its "highest value of use" ... as they taught us in Econ 101.
SurferRosa is offline  
Old 07-19-19, 01:12 PM
  #17  
Vonruden 
Gold Member
 
Vonruden's Avatar
 
Join Date: Mar 2012
Location: Ocean County, NJ
Posts: 2,898

Bikes: Looking for a Baylis or Wizard in 59-62cm range

Mentioned: 59 Post(s)
Tagged: 0 Thread(s)
Quoted: 311 Post(s)
Liked 26 Times in 14 Posts
I only get mad if they ask to return it after listing on ebay for a month...happened once.
__________________
"My biggest fear is that when I die my wife will sell my bicycles for what I told her they cost."

Get on your bikes and ride!

https://instagram.com/norseamerican/
Vonruden is offline  
Likes For Vonruden:
Old 07-19-19, 01:15 PM
  #18  
ldmataya 
Senior Member
 
ldmataya's Avatar
 
Join Date: Jan 2009
Location: Mt. Horeb, Wisconsin
Posts: 502
Mentioned: 11 Post(s)
Tagged: 0 Thread(s)
Quoted: 63 Post(s)
Likes: 0
Liked 5 Times in 4 Posts
Once you've sold something, I don't believe it is yours anymore - is it? Lets say for the sake of argument that the OPs Ritchey really is worth $1,500 to some collector because it is serial #1 . If the purchaser figures that out because a) you don't know, b) you don't have the time or energy to clean it up and describe it as such, or c) the purchaser has access to buyers you don't who expect him to find valuable things; then is any of the profit owed to you? I know where I stand on that argument.

This is why we have markets. And freedom. Be happy we don't live in a country where you have to acquire permission to sell things, or pay bribes to locals to open a stand at a market.
ldmataya is offline  
Old 07-19-19, 01:44 PM
  #19  
delbiker1 
Senior Member
 
delbiker1's Avatar
 
Join Date: Mar 2016
Location: Sussex County, Delaware
Posts: 1,001

Bikes: 2003 Lemond Poprad, 1991 Ochsner steel frame, 2002 Airborne Zeppelin titanium, Schwinn DBX SS aluminum, Orbea MD 40 carbon fiber

Mentioned: 7 Post(s)
Tagged: 0 Thread(s)
Quoted: 263 Post(s)
Liked 97 Times in 67 Posts
I see no reason for someone to be upset when something they sold is on the market again for a higher price. The item is only worth what someone is willing to pay for it. Sellers remorse is just a resentment towards oneself.
delbiker1 is online now  
Old 07-19-19, 01:57 PM
  #20  
Jp42
Senior Member
Thread Starter
 
Join Date: Feb 2015
Location: Central PA
Posts: 113

Bikes: Ross Signature Tom Kellogg, Schwinn Voyageur, Bridgestone RB1, Lotus Pegasus

Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 18 Post(s)
Liked 27 Times in 10 Posts
Originally Posted by ldmataya View Post
Once you've sold something, I don't believe it is yours anymore - is it? Lets say for the sake of argument that the OPs Ritchey really is worth $1,500 to some collector because it is serial #1 . If the purchaser figures that out because a) you don't know, b) you don't have the time or energy to clean it up and describe it as such, or c) the purchaser has access to buyers you don't who expect him to find valuable things; then is any of the profit owed to you? I know where I stand on that argument.

This is why we have markets. And freedom. Be happy we don't live in a country where you have to acquire permission to sell things, or pay bribes to locals to open a stand at a market.
A. My original photo shows the serial number, I knew what it was.
B. I did all the clean up and work to it, the current owner did nothing.
C. I also have access to ebay, where you need to pay bribes, er fees to sell something.

No seller's remorse here, and yes he can ask whatever he wants for it. I never asked for a share of the profit (if he makes any).

Just wondered who else has run into this situation before.
Jp42 is offline  
Old 07-19-19, 02:13 PM
  #21  
tricky 
Senior Member
 
Join Date: Oct 2005
Location: Upper Left, USA
Posts: 974
Mentioned: 25 Post(s)
Tagged: 0 Thread(s)
Quoted: 217 Post(s)
Liked 11 Times in 8 Posts
Originally Posted by Vonruden View Post
I only get mad if they ask to return it after listing on ebay for a month...happened once.
Oh wow. The balls on that guy (or woman.)
tricky is offline  
Old 07-19-19, 02:15 PM
  #22  
iab
Senior Member
 
iab's Avatar
 
Join Date: Jun 2006
Location: NW Burbs, Chicago
Posts: 9,858
Mentioned: 118 Post(s)
Tagged: 0 Thread(s)
Quoted: 1443 Post(s)
Liked 157 Times in 106 Posts
Isn't there a thread or two on flipping bikes? I'd;d say most C&Vers have flipped a bike or two.

Just sayin.
iab is offline  
Likes For iab:
Old 07-19-19, 02:16 PM
  #23  
Jp42
Senior Member
Thread Starter
 
Join Date: Feb 2015
Location: Central PA
Posts: 113

Bikes: Ross Signature Tom Kellogg, Schwinn Voyageur, Bridgestone RB1, Lotus Pegasus

Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 18 Post(s)
Liked 27 Times in 10 Posts
Originally Posted by Vonruden View Post
I only get mad if they ask to return it after listing on ebay for a month...happened once.
That is crazy. Did you take it back?
Jp42 is offline  
Old 07-19-19, 02:23 PM
  #24  
Jp42
Senior Member
Thread Starter
 
Join Date: Feb 2015
Location: Central PA
Posts: 113

Bikes: Ross Signature Tom Kellogg, Schwinn Voyageur, Bridgestone RB1, Lotus Pegasus

Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 18 Post(s)
Liked 27 Times in 10 Posts
Originally Posted by iab View Post
Isn't there a thread or two on flipping bikes? I'd;d say most C&Vers have flipped a bike or two.

Just sayin.
I have done so myself. I usually put time and money (parts) into them. I even made a little on this particular bike. Somewhere way back in the catch of the day thread you will see this very machine and it's backstory.

Not debating that it's his property and he can do what he wants with it.
Jp42 is offline  
Old 07-19-19, 02:29 PM
  #25  
Jp42
Senior Member
Thread Starter
 
Join Date: Feb 2015
Location: Central PA
Posts: 113

Bikes: Ross Signature Tom Kellogg, Schwinn Voyageur, Bridgestone RB1, Lotus Pegasus

Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 18 Post(s)
Liked 27 Times in 10 Posts
Originally Posted by Drillium Dude View Post
I sold this a few years ago: https://www.flickr.com/photos/303310...h/20796196330/

The buyer claimed he wanted a vintage bike that he could ride around Seattle's bike trails. Found out a couple days later he'd stripped it completely and was selling it piece by piece on Ebay. Note the way all the components were detailed to match the frame color. This was a solid whole which this azz turned into an orphan IMHO. Oh, well. I didn't ride it a whole lot anyway (it was a bit of a wet noodle at the BB), and he only made a couple hundred over what I got from him. C'est la vie.



An interesting postscript to this story: not a year later I visited the Seattle Bike Swap at the Convention Center with the intention of selling the Sparrow. I was waiting in line to register it for the For Sale bike corral. The very same dude came up and asked how much I was asking for it; when I realized who it was I told him I wouldn't sell to him regardless of price because I didn't want to see another of my carefully-built bikes parted out for profit. He walked away without saying a word.

DD
I guess this is why I said it hurt a little, the buyer told me he was so excited to get it, was gonna take great care of it, the jewel in his collection, etc.
Jp42 is offline  

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.