Yup. I'll comment on it:
Discriminating, savvy Japanese collectors are willing to pay large sums of money for very rare bicycles.....
Even more so if two of them have at it on the same item.....
They take a long-term view. It's like buying a Bugatti Royale: you can't pay too much for one, you can only pay it too soon.
(Tom Monahan of Domino's Pizza fame here in Ann Arbor bought one many years ago for $8 million. People said he was nuts, until he sold it a couple years later for $12.5 million!)
Regards,
Greg Parker A2 MI USA
(Still Moulton-less, alas...)
> Date: Thu, 10 Oct 2002 17:13:33 -0700
> To: classicrendezvous@bikelist.org
> From: Brandon Ives <monkeylad@mac.com>
> Subject: [CR]Interesting end to Moulton Ebay auction
>
> We will all remember last weeks Moulton Speed auction
> http://ebay.com/
> I just looked at the bid history and there seems to have been a very
> interesting bidding war. In under 4 hours two people went back and
> fourth more than doubling the price that anyone else was willing to
> pay. Neither are regulars or known high bidders on classic or odd
> bikes, so I wonder if this is just a really serious case of
> one-upmanship taken to the extreme. Personally I think the auction
> went about 3x higher than it should have. Anyone else care to
> comment on this interesting auction?
> enjoy,
> Brandon"monkeyman"Ives
> SB, CA