Chuck wrote:
What puts a $10,000 bid for one of Eddy's Giro bikes (theoretical here because the bike for auction wasn't) in perspective for me is that current, top of the line (run of the mill), race bikes cost $7500 to $8000!
Doesn't sound like that much to me when it's put in that light (my opinion of course).
Chuck Schmidt South Pasadena, CA USA http://www.velo-retro.com (reprints, t-shirts & timelines)
I agree a hundred percent. I would think folks would place more value on a race bike's history. But nobody seems to keep records of most race bikes when they get sold off at the end of the season or passed on down to amateurs, and that's sad. Yet old race cars seem to always command high prices and there are a hell of a lot more of them with documented histories. Folks show up at auto shows all the time with placards on easels showing Mark Donahue zooming around a corner in the car on display.
I'm a poor person so the question of value is academic in my case but I would certainly think that any bike Eddy sat on would be easily be worth ten grand or more.
Bob Hovey
Columbus, GA
http://bhovey.com/