1950 Vincent "Red Rockwt Comet - $30,000

[Ducdude]

http://cnj.craigslist.org/mcy/4396955162.html

Anyone know the story behind this bike?

Ciao,
Eric

 

[vibrac]

link?

 

[Peter Holmes]

link?

Google it

 

[b'knighted]

Sold in auction Las Vegas Antique Motorcycle auction January 2013?

 

[Albervin]

Interesting history. Seems someone just wants to cut their losses as it sold for $30,000 plus premium last year.

 

[vibrac]

Was this in the UK with a fairing a few years ago? before shipping?

 

[ClassicBiker]

Currently listed on evil bay with 13 bids at $24,100 reserve not met. I don't think he's trying to cut his losses I think he's going for a profit as he's lowered his reserve, supposedly, by $10,000 and it's a re-listing. He makes no mention that he has it for sale locally on craig's list and reserves the right to end the auction should he sell it locally. Myself I think he's fishing to see what interest there is in the bike and how his investment is doing. Possibly to use as collateral to secure a loan for another business venture? Which is fine, it's his bike to do as he likes with and that's how business works. Lenders want proof that collateral is worth what you say claim it is worth.
That's my theory anyway. I'm going to watch it on both and see if it sells.
Steven
http://www.ebay.com/itm/Vincent-Com...e895e91e5&item=131153695205&pt=US_motorcycles

 

[Ducdude]

Thanks, does not seem (to my eye any way) to be that special. If a nice rider in good condition goes for $25k or so what would make a trashed racer that has little to no provenance of note be worth more than a streetable runner; or is that why it is not selling at the owners preconceived notion of value?
Ciao
Eric

 

[ClassicBiker]

Thanks, does not seem (to my eye any way) to be that special. If a nice rider in good condition goes for $25k or so what would make a trashed racer that has little to no provenance of note be worth more than a streetable runner; or is that why it is not selling at the owners preconceived notion of value?
Ciao
Eric

Bingo we have a winner! I think you've hit the nail on the head there.
Steven

 

[ClassicBiker]

That's why I think he's fishing. It isn't worth what streetable runner is worth and he's trying to up interest to either use it as collateral or wash his hands of it.
Steven