The thing about an auction is that the price the goods sell for is what the market will stand. So, in theory at least, things sell for what they are worth. OK so worth is a complicated concept, but hopefully you see where I'm coming from.
So why is it then that the prices some retro bikes fetch on ebay make no sense? In particular I keep seeing base level Raleigh and Peugeot machinery (respectively 18-23 and Carbolite tubing) fetch more than what you might term entry level proper road bikes (e.g. 501 tubing).
In the past I've managed to get a Raleigh Criterium 12 in 501 for £5.50, but I've seen people pay more than ten times that amount for something like a Winner or Flyer in 18-23. Similar things happen with Peugeots, an Aubisque in Carbolite went for £51 yesterday yet I've got an almost minty Aneto in 501 for £11 less.
So what's going on? Do people really think the bottom end stuff is worth more? Or are there a staggering number of eejits out there?
was thinking something similar as i saw a bare 80's raleigh pursuit frame and forks go for £60...That was always nothing but a cheap model in there range (I had one once) ....
I also think if you are selling anything road related just add either the words Fixie or pista and you are guarnteed to cash in