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pack it up, show's over....

5/22/2024

2 Comments

 
Friends, I believe the COVID gravy train has left the station, possibly never to return. I have all these bikes for sale, and have had ZERO interest in them.  It's genuinely baffling....
It is absolutely STUNNING to me that I can't sell a Kona Kilauea for $250. It's not totally original or even matching from a part standpoint, but if you wanted to do that, it wouldn't take much. It's  got a working Marzocchi XC500 on it. AND I'm including XC51 lowers as a backup. Sure it's scratched up a bunch, but seriously - what the hell is going on?

Also, I'm trying to sell the three bikes above, for freaking PEANUTS. $200 for a Cannondale with slicks and fenders that is such a smooth and quiet commuter. And these two Iron Horses with band new Shimano Cues 9 speed drivetrains. I'm losing money at $200, and getting ZERO interest.

In fact, I've given up on the polished one, and I've redone it with some barely adequate 7 speed parts, and I'm going to donate it in the hopes of getting some good karma. Which I don't even believe in...

I can understand - to some degree - the Equipe not selling so quickly. While it is beautifully painted, it is a bit of a hodge-podge for parts; not fully modernized, and not properly period-correct.

And then there's the Porsche.....  I just recently found that the fork is toast and the internals will need to be replaced. It's not hard to do at all, but it's $100. I just don't see any point in spending $100 on making it work when nobody here wants it anyway.

And I know this isn't me being unreasonable. The three pics above are examples I've found showing just how worthless bikes have become. All three are available for $100 or so. The Brodie apparently has a bad fork, the Trek has no major issues mentioned in the ad, and the ad for the Fisher has disappeared - thanks stupid FB Marketplace - but it had been dropped to $99. Maybe it finally sold?

But perfectly good bikes. Even above average bikes - that Trek has a lugged steel, True Temper frame. The Brodie has RaceFace cranks on it. You simply cannot buy new bikes even close to this level of quality.

Here's some examples of someone else in Kelowna doing the same as me. Old steel mountain bikes, refurbed with suspension and more modern cockpits. As far as I can tell, they all look very good. 

But in my experience, this seller's asking prices - in the neighbourhood of $300 to $400 - are way out. Maybe he just isn't familiar with what's going on, but I'm certain these will never sell at the prices he's currently asking. I hope they do, because they're worth it, but the market just isn't there at the moment.

I don't know if the market will ever come back, but I hope it does. Not just because I want to make money - and because I don't want to lose money - but because every bike I showed here is a better option than what you can get new for the same money. As I showed in my last post, a new Hyper is just junk compared to any of the nine bikes here.
2 Comments
Devin
7/14/2024 07:21:57 pm

I didn't even you were still posting content here. It is crazy what bikes are going for now compared to a few years ago. Your market and mine vary quite a bit as well.

Reply
Adrian Frey link
8/8/2024 11:04:12 am

I'm the worst blogger ever. If I post quarterly that's pretty good for me.

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    I'm 80. I wrench more than I ride and I like it that way.

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