Has the world gone mad?
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Has the world gone mad?
I am referring to the number of BCRs now on sale at ridiculous prices, including one at over £10k !! And that's for a bike that is over 12 years old, in standard BCR trim. I obviously gave mine away when I sold it last year for £6,500.
Taz
R1250RS
So when is this 'Old enough to know better' supposed to kick in?
R1250RS
So when is this 'Old enough to know better' supposed to kick in?
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Re: Has the world gone mad?
Never look back - I reckon £6500 is good money. And I bet you lost very little , so you're up on the deal when you add in the value of pleasure of ownership.
No matter what these bikes are advertised at - no-one knows what they sold for, or indeed what the seller bought for.
The whole market is over inflated right now - bugger all money in savings interest and people of a certain age with some spare cash ( de-regulated pensions scheme anyone?). Meanwhile a tsunami of elder care problems is coming over the horizon
Then the PCP situation will have delivered thousands of second hand bikes in to the market and there will be an oversupply - key negative equity on bikes bought at over the odds prices now . Economics - its great fun
No matter what these bikes are advertised at - no-one knows what they sold for, or indeed what the seller bought for.
The whole market is over inflated right now - bugger all money in savings interest and people of a certain age with some spare cash ( de-regulated pensions scheme anyone?). Meanwhile a tsunami of elder care problems is coming over the horizon
Then the PCP situation will have delivered thousands of second hand bikes in to the market and there will be an oversupply - key negative equity on bikes bought at over the odds prices now . Economics - its great fun
Re: Has the world gone mad?
It's all about supply, demand & fashion and prices rarely seem to reflect objective value... Eg R100GSs, especially a decent clean Paris Dakar version, seem to be expensive (£7k - £8k on Fleabay) whereas the arguably more capable all-rounder R1150GS is half that and R1150RSs cheaper still...
I suppose motorbikes will always be a fairly thin market - fashion has a major impact on prices so it's entirely rational that the world is mad... Or something.
I suppose motorbikes will always be a fairly thin market - fashion has a major impact on prices so it's entirely rational that the world is mad... Or something.
Re: Has the world gone mad?
Taz wrote:I am referring to the number of BCRs now on sale at ridiculous prices, including one at over £10k !!
The thing to bear in mind is that the price asked, and the price realized can be two very different things.
A couple of years ago I sold my mint R1200C for £3,500
I see them being advertised now for up to £8,000
A lot of it is dealers just trying it on using the premise that because it's rare, then it must be worth a lot.
Doesn't always follow
Also, they can afford to just sit on these things long term and wait for mugs with more money than sense to come along.
I saw a CX500 being advertised recently for 7 grand.
Yes it was like new, but 7K for a maggot
REALLY
Re: Has the world gone mad?
Yes to what everyone has said. I felt that I got a good price for mine; no regrets. But I do smile when I see these huge figures.
Reminds me of the time I sold an Action Man plane on fleabay for £10. Without wings!!
Reminds me of the time I sold an Action Man plane on fleabay for £10. Without wings!!
Taz
R1250RS
So when is this 'Old enough to know better' supposed to kick in?
R1250RS
So when is this 'Old enough to know better' supposed to kick in?
Re: Has the world gone mad?
Not bikes, I know, but a local classic car dealer has a Lotus Cortina Mk1 going for £39k. "HOW MUCH?" I thought, outraged at what seems to me to be a boy racer toy. So I took a photo and sent it to my brother, who was (I suspect still is) a boy racer, and had a hotted-up Mk1 in his youth.
He guessed >£50k and declared it a bargain at £39k. Shows what I know...
He guessed >£50k and declared it a bargain at £39k. Shows what I know...
Re: Has the world gone mad?
Taz wrote:I am referring to the number of BCRs now on sale at ridiculous prices, including one at over £10k !! And that's for a bike that is over 12 years old, in standard BCR trim. I obviously gave mine away when I sold it last year for £6,500.
http://suchen.mobile.de/fahrzeuge/detai ... eNumber=15
Not sure the whole world has gone mad, just over optimistic sellers in the UK, seems you can still get a BCR for "reasonable" money in the very country in which they were made
Re: Has the world gone mad?
Yeah, but left hand drive, but ...
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