Dear CR List,
Back in July there was a thread regarding the value of one of Coppi's Bianchis that was auctioned. The bike was poorly restored, but the pre auction estimates ran $30-50K. The actual sale price to the auctioneer's great disappointment was about $9K. I thought the discussion of the issues on list was interesting. Here then is another historic bike. My client is seeking opinions of value:
Below is a link to photos of a bike, jerseys and other items used by George Mount in claiming his 1976 Olympic medal. This event has been cited as a pivotal moment for US Cycling. The bike and goods shown were purchased by my client in 1976 shortly after the victory. A sales receipt from George and a recent letter confirming authenticity is included. The bike had seen extensive use and some alteration since George rode it. We have accurately restored the bike using all original parts with George's oversight and participation.
These items have been donated to the US Cycling Hall of Fame.
I have been asked to provide a estimates of their value for tax purposes. Although the items will be displayed together, I am asked to provide a value for the bike and the supporting accessories/documentation as two sums for tax purposes.
What say ye?