SHOCKED wrote:
Wow, that bike wound up selling for $8,801.99 - I wish I could find some of these non-ridden or ridden three times and put away in the garage for 20+ years.
My buddy found a 1981 Yamaha YZ465 at the swapmeet in original showroom condition, the guy rode it a few times and the bike scared him - so off to the garage for 25 years. My buddy bought it for $ 1000.00 and sold it on Ebay for $ 3600.00
IMNSHO: While the price is high it doesn't really make a case for investment. Specifically prices on everything from houses to hoses have risen 10 or 20 fold since 1979. Bike probably sold new for ~$1,000 so it is just keeping up with inflation.
I seem to recall Vintage Iron would restore one to like new condition for $4,000-$7,000 so it isn't a function issue but a status symbol.
Just a lot of dot com type millionaires dollars chasing would'a, could'a, should'a. See Mark Cuban, Dallas Mavericks owner, or the guy who owns the Discovery channel paying $1,000,000+ for Harley Earle's custom Buick to stick in his museum for reference. I have to admit I was pricing used surfboards from the 60's to see if I could replace my Dextra. Then I came to my senses and remembered I really sucked at surfing and Dextra was a 'me too' cookie cutter board and nobody would want to surf a 9'+ board in California shore break anyway.