And the CPI understates real inflation massively, since everytime an item in the CPI basket inflates dramatically, that item is removed from the basket in order to pacify politicians trying to get reelected on good economic numbers. So: if the CPI actually reflected actual inflation we might fing that the DeRo was actually UNDERpriced based on real inflation. What a world! Don "I wish I could live on the items in CPI basket alone" Wilson
> Most here have probably already done this, but for
> those who
> haven't, a useful link is:
>
> http://www.westegg.com/
>
> A bike that cost 500 bucks in 1972, would sell for
> $2280
> today, adjusted for inflation
>
> A bike that cost 800 bucks in 1975, would sell for
> $2996
> today.
>
> So, inflation alone accounts for the value of *most*
> vintage
> lightweights. Those who have been shocked by the
> rise in
> price of many Masis from the 1970s might be
> interested to
> know that the bikes have been undervalued, adjusted
> for
> inflation. It's only in the last couple of years
> that the
> bikes have started to catch up to inflation...partly
> as a
> result of interest generated by this list.
>
> As for that De Rosa on ebay... inflation clearly
> accounts
> for some of the value, and if you take away the top
> two
> bidders, the price almost looks rational. But who
> knows how
> many others bid on that bike at the end, whose bids
> didn't
> show because the ebay server rejected them, because
> the
> top-bids were already in place? There's a huge
> premium for
> desireability and rarity in the case of that bike.
>
> Most vintage lightweights in clean condition are
> undervalued
> even now, adjusted for inflation alone, and not
> counting any
> collectibility premium.
>
> Charles Andrews
> SoCal
>
>
>
>
> "What concerns me is not the way things are,
> but rather the way people think things are."
>
> - Epictitus
>
>
>
>
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>
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>
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