IMO, I think there have been some new values working as of late on larger displacement Bridgestones.
In the last two weeks we have seen two (2) GTRs and this GTO sell.
1st example, GTR: Unknown sale price, but based on the seller's ad and other info, this scooter sold for between $8,000 and $9,000.
2nd example, GTR: Same seller, less work and detailing. This one fetched $6,000.
3rd example, GTO: $4,000.
This all takes place in a market that has huge volumes of really nice, vintage bikes available.
I can't believe some of the low mileage, primo stuff I run across.
We have the market crash of October 2008 to thank for that.
Folks with nice collections who suddenly lost 60% of their stock market portfolio values, decided they couldn't live the lifestyle they had previously had been accustomed to with their devalued market assets.
The plan became sell those assets which could be most quickly liquidated.
Welcome to The Vintage Bike Yard Sale.
I read elsewhere though, that even though there's primo stuff for sale, it's not moving so well.
I hear that same complaint from parts sellers too.
That makes these recent Bridgestone sales noteworthy, of course again, only IMO.
Comps (comparative valued items, real estate terminology) reveal what the market is willing to bear.
It would appear to me Bridgestones are a high value item currently.......and there's a willingness on the part of buyers to pay the asking price, or something very close to the asking price.
As an example, really nice, decent, fairly clean, and reasonably low mileage Yam RD 350s generally going for something in the $2,000-$2,500 range.
A hell of a lot more is known about them by the average buyer........and you can buy parts almost anywhere.
If you have a mind to really get crazy, 9Gs will buy you a "no holds barred" RZ350......a street road racer that would leave lots of 18 year 600 riders dumbfounded.
Its a great time to be a buyer.....if you have the resources free and available. And it is a buyer's market.....
If you are a seller, you may sit and wait.
The cream has to be skimmed off the surface first.
Large displacement Bridgestones appear to have risen to the surface of the items available in The Vintage Bike Yard Sale.
Regards,
Steve
