|
|
Post by Jess on Jul 14, 2010 19:01:26 GMT -5
|
|
|
|
Post by RE5Gary on Jul 15, 2010 23:31:16 GMT -5
That's in really nice shape!! I'm curious to see how much it sells for.
|
|
|
|
Post by Aussie RE Man on Jul 16, 2010 3:40:59 GMT -5
 He wants 8.5K for it if you look on his web site, hmmm, that's a bit wild for one of those I would have thought, more like 5 - 5.5k as it's a nice one  Things are worth want someone is prepared to pay for them at the end of the day 
|
|
|
|
Post by Jess on Jul 16, 2010 9:35:33 GMT -5
I will take a different view... Just to be argumentative ;D Hercules very rarely come up for sale here in the US. In ten or so years, I have only seen a handful for sale publicly. I submit, that while it may only be worth what someone is willing to pay... It more importantly worth what the guy who owns it is willing to let it go for. This item is so unique, that a person who is looking for one might wait years to see another for sale. (the last one on ebay sold last year for about 5000.00 and it was a complete disaster). The last non oil w-2000 I sold went for 7500.00. It was as nice, and also original, but had 10k more miles. This one has had a respray, but it appears to be a very nice little unit. In my opinion, 7500, to 8500 is th right money for this bike. With that said, if someone was looking to buy it and "flip it" to make a buck... probably not. If you want an re5, they appear regularly for sale. Most need quite a bit. Most are "ran when parked" and have some significant issues. It often costs more to correct these issues than to purchase a very nice one to start with. I get one contact a week from a person who has purchased something that needs a bit of work ( ) and thinks that when they fix it up, they will be able to sell it and make a couple grand. When we start talking about parts costs, they often rethink their position. Some make the decision to work on the bike, others resell and let the next guy worry about it. Exceptional, original, running ones (re5's) pop up for sale very infrequently. They are priced accordingly. Hercules in ANY condition appear for sale so infrequently, sellers can set their price. Just my 2 cents... Best, Jess P.S. If you have never experianced one, the Hercules is a very nice bike to ride. I enjoy my rider enormously. |
|
|
|
Post by Jess on Jul 16, 2010 9:39:38 GMT -5
Also... I am only speaking for the US market. Hercules only made approximately 2000 units from 1972-1976. It is my understanding that most stayed in Europe. There are very few, to my knowledge, in the US.
That said they may be much more common down under. I just don't know...
Best,
Jess
|
|
|
|
Post by ziggystardust on Jul 16, 2010 11:28:34 GMT -5
I remember one sitting in the back of a local motorcycle dealers towards the late seventies for years collecting dust,  we would laugh at how ugly it was and how it had never moved for years.  Who's laughing now? |
|
|
|
Post by Aussie RE Man on Jul 20, 2010 15:28:03 GMT -5
|
|
|
|
Post by Jess on Jul 21, 2010 10:23:12 GMT -5
Simon,
Again... I guess my point was, not only is an items "worth" what someone is willing to pay... But also what someone is willing to sell for. This is much more the case when the specific item is rare and examples come up for sale infrequently, to say the least.
You may value something far more highly than I, or vice versa... We are all entitled to our opinions, and I am really very glad that opinions differ, otherwise the world would be a very boring place.
With regard to the specific W-2000, I believe anyone would have a hard time replacing that W-2000 here in the States for less than 7500-8500.00 as they so infrequently are available for sale. As I said, that may not be the case down under.
Apparently, the seller valued his bike higher than the 6055.00 high bid. Maybe he valued it at 6100.00? I don't know.
I can tell you that if a fellow came to me and said that he wished to purchase a bike in that condition from me, I would not sell for less than 8500.00. I am in the unique position to have many in my collection. As a friend of mine once said, they aren't eating anything...
If the same fellow told me that my bike was only "worth" 5000-5500, I would tell him that it was worth much more than that... to me.
Again, all I was attempting to point out was that in determining value with rare/uncommon items, it is not just about what someone is willing to pay. It is also very much about what the seller is willing to sell for...
Again, just my 2 cents...
Best,
Jess
|
|
|
|
Post by Aussie RE Man on Jul 23, 2010 1:39:14 GMT -5
Hi Jess I love a robust discussion ;D I'd love to chew a few things/issues over with you over a few pints, it would be very interesting and good fun indeed  Current Market value is the price at which an asset/item would/will trade in a competitive open auction setting like EBay, which this bike reached. I agree with what you are saying if you were not fussed about selling something, which is then a perceived market value for an owner or buyer. i.e. I have a no mileage Jaffa Z1 900, market value would be around the early 20K mark but as i don't want to sell it someone would have to offer me nearly 30K to make me want to sell it to them. But if i had/needed to sell it now I would only get the current market value. Recent research shows classic motorcycle values have dipped in the last 18 months by 11.5 – 23.5% depending on the make/model, but as you say they are not eating anything so hold on to them for now !! if any folks really want a rare item they will have to pay the seller his perceived market value. We are on the same page I’m sure but just reading different paragraphs... ;D |
|
|
|
Post by Jess on Jul 23, 2010 18:19:29 GMT -5
Cheers mate... I would love to sit down with you as well.
The unfortunate thing about written words is that they can be misconstrued and folks take offense when none is meant. I appreciate all points of view as I find I learn new things daily. Open discussion is a good thing and helpful to us all.
I now am the owner of the only two Van Veens in the US. I have had multiple inquiries as if I would like to sell. My position is that #1, they only made 39. If I sell, I will never get another... I have no earthly idea how to price one if I do in fact decide to sell. The market is not an indicator as the data is sparse at best, and not representative (in my opinion) of anything.
Sam at one point told me that he turned down 100K for one... While the market may not bear that price, my attitude is that They are priceless...
I have several 0 mile Hercules oil injected bikes (and non injected) on the MSO (never been titled). I would be willing to bet that they are the only ones left in existence. So with these bikes, I don't know if my prices will be excessive, (if anyone has interest) they will be very very expensive. Even then, I have reservations about letting them go...
It is an interesting situation...
I would appreciate your (or anyone else's) thoughts.
Best,
Jess
|
|
|
|
Post by Aussie RE Man on Jul 23, 2010 22:12:10 GMT -5
Hi Jess, their is a guy who has started making up Van Veen's again from NOS parts I believe, I think his up to #41 or 42 and he's looking for up to 100k a bike. I think they are unbelievable and would love to have one in the showroom, Unfortunately 98% of people wouldn't give them a second glance as they are so unheard of and rare, thus a very limited market that makes it really just a motorcycle museum history piece, but what a bike !!!!. This one sold for $37,500 a while ago www.christies.com/LotFinder/lot_details.aspx?intObjectID=4523687 |
|
|
|
Post by bikerbill on Jul 25, 2010 2:17:28 GMT -5
I know of a van veen that went for $45000 in good condition not so long ago, might have been a good deal for the buyer or seller not sure, DKW's are not worth more than $6000 for a good one in my mind, a very basic machine. B
|
|
He wants 8.5K for it if you look on his web site, hmmm, that's a bit wild for one of those I would have thought, more like 5 - 5.5k as it's a nice one 
we would laugh at how ugly it was and how it had never moved for years. 
Didn't reach his/the reserve 
Maybe I was closer to the mark with my estimated worth as it got up to $6,055 with 14 worldwide bids, not wanting to be argumentative 
Current Market value is the price at which an asset/item would/will trade in a competitive open auction setting like EBay, which this bike reached.