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My worthless bike tripled in current price?!

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My worthless bike tripled in current price?!

Old 07-02-20, 06:15 PM
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Digger Goreman
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My worthless bike tripled in current price?!

By now, most people know the ol' "FrankenTrek" 95 800 Sport. Bought it for 30 USD in 2014, not long ago, blue book had it at 5 USD to 25 USD in value. Just looked and Trade-in Range $40-$41; Private Party Range $78-$80.

Really?! Wow....

Anyone else notice an inflation in bike value vis a vis the blue book?
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Old 07-02-20, 07:36 PM
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General Geoff
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They probably just tweaked their blanket algorithm. Still essentially worthless as an actual value guide.
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Old 07-02-20, 07:48 PM
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This is meaningless until someone actually gives you cash.

Almost any rideable bicycle yields that much.
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Old 07-02-20, 08:34 PM
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Right, until you see the cash you don't actually know what it is worth
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Old 07-02-20, 08:46 PM
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Then it is priceless, since I won't sell it
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Old 07-02-20, 10:02 PM
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Bikes depreciate real estate inflates.
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Old 07-03-20, 11:29 AM
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I was surprised when I researched and found what a decent road bike with Tiagra and 105 would cost these days (similarly spec'd to my '06 LeMond), compared to what I saw some selling for on CL. Don't know if they were is as good shape as I keep mine, but for what it would cost to replace, vs what they were selling for, was disheartening. Best way to judge what your bike might bring is to check the various selling methods, CL, EBay, Facebook Marketplace, etc.
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Old 07-03-20, 05:49 PM
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But,

Originally Posted by fietsbob View Post
Bikes depreciate real estate inflates.
Bicycle tires inflate
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Old 07-03-20, 07:24 PM
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Originally Posted by freeranger View Post
Best way to judge what your bike might bring is to check the various selling methods, CL, EBay, Facebook Marketplace, etc.
Kinda. You have to look at "Sold" prices. Asking price is not a reliable barometer.
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Old 07-03-20, 08:31 PM
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Worthless bikes tripled in value? 3x0=0. Maths are hard for some.
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Old 07-03-20, 09:17 PM
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Originally Posted by fietsbob View Post
Bikes depreciate real estate inflates.
Not nearly as much as stocks though...
Can't live in your mutual funds though....
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