The first thing is that you should carry enough life insurance that disposing of your bikes has NO importance to your financial plan.
If you cannot afford to set aside $50 per month for term life, keep the two or three bikes you really need and sell the rest now.
Its really part of collecting to have the resources to allow leisure in finding good homes for the stable.
Joe B-Z
GNNJ
> I've thought about this, at age 54, but never actually discussed it
before.
> Even though I have 30-40 bikes and frames, I ride all of them, so none
will
> be in the pristine condition to cammand really huge bucks, so we're
probably
> talking a sales values of $15,000 to $20,000, $25,000 tops. As an estate
> goes, that's pretty small potatos, so I don't think what I do with them
will
> affect my wife's finances much one way or the other in the likely event
she
> outlives me. If I'm lucky enough to live to 90 or something, I'll
probably
> gradually give them away to young people with an interest in classic bike,
> if I can find any such people. But it might not be a bad idea if someone
on
> the list wanted to set up a program to which one could will bikes. Maybe
> they could be auctioned off in a forum that made it likely the buyers
would
> be collectors who appreciated them, and the proceeds donated to some
> bike-related charity. Or, alternatively, maybe there is a business
> opportunity here for someone to set up a classic bike auction service. I
> could advise my wife who to contact in the event of my untimely passing
> (which I define as any earlier than 100) and they could auction it to the
> collector community, assuring both fair prices and good homes, and retain
a
> fair commission on the deal.
>
> Regards,
>
> Jerry Moos
>
> ----- Original Message -----
> From: "Neill Currie" <neill1234@yahoo.com>
> To: <Classicrendezvous@bikelist.org>
> Sent: Friday, September 12, 2003 8:48 AM
> Subject: [CR]Beloved bicycles, death, and passing them on.
>
>
> > I guess I am at the age where one might start to
> > think of mortality (I turned 50 this last July,
> > and treated myself to a gorgeous '51 Rotrax to
> > celebrate. Well,_someone_had to buy me a bike!!),
> > and I have been linking this to the question of:
> > What to do with my bicycles when I die, whether
> > it be at the natural end of my three score and
> > ten, or whether it be unexpectedly soon.
> >
> > Anyway, one or two bikes are pretty easy to will
> > away to appreciative homes via friends of similar
> > size and bike tastes. The problem is, I think I
> > have a few too many bikes to find friends for. I
> > have 13, a couple more nice frames curing on the
> > wall, and enough extra spare parts that I could
> > comfortably build them to finished bikes next
> > week. I don't know enough personal friends that:
> > Need or want another bike,
> > Are correct, sizewise, to inherit them,
> > Don't already have a bunch of bikes themselves,
> > Have enough spare room for more strays.......you
> > get my drift, I am sure. I guess, for me, the
> > issue is also complicated by my wish to see my
> > bikes used frequently, and maintained well. I am
> > afraid some of my possible benefactors don't
> > treat _their_ bikes to the standards I
> > wish......yet I also don't want to end up
> > donating them to a Museum.
> >
> > So, dear CR-ers, have any of you come up with a
> > solution to this problem that seems satisfying?
> > Maybe in the bigger scheme of life this isn't a
> > very important decision, but I am very interested
> > to hear what you have to say on the matter.
> >
> > Neill "morbidly overpopulated with bikes, but
> > loving it" Currie
> > Portland, Me
> >
> > =====
> > Neill Currie, Portland, Me 04102, USA.
> > ------------
> > I usually have classic bicycle components for sale at good prices.
Please
> email me for a current list. A reasonably current list may be seen here:
> > http://www.geocities.com/
> > ------------
> > The Mountain Goat website is at:
> > http://www.geocities.com/
> > ------------
> >
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