Did I Fail? First Ever Classic Bike Auction Sale & Auctioneers advice.
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- Опубликовано: 25 июл 2024
- Buying and selling at classic car & bike auctions has become very popular with the advent of a certain TV programme. So I decided to try it for myself!
Join us as we take my lockdown restoration project Kawasaki GPZ600R to Charterhouse Classic Bike Auction @Haynes_Motor_Museum
Having tried Facebook Marketplace and some other online sales, how does the selling process of an auction compare?
Find out how it turns out selling the Kawasaki, along with guidance from Richard Bromell of Charterhouse Auctions on selling at auction.
00:00 Introduction to the Bike
01:06 Meeting the Auctioneer
07:05 Selling the Bike
08:58 Meeting the new owner
10:45 Summing Up 
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To answer the most common question... I paid just £200 for the bike as a wreck, and spent about £1600 restoring it - so lost about £600...
A steal , when you take into consideration how much classic cars of the same era go for
If only it was a Fiesta XR2...
Even more of a steal if you know the bike. I'm in the owners group with him and watched it being built from the ground up. No expense was spared.
I love your channel, very informative and interesting. No ridiculous intro's, self promotion, plugging or 3 quarters of a video's worth of b*******. We know who they are..... You are 'roll up the sleeves' and straight to the point. Keep it coming!
WOW! Thanks for that, appreciated! Will keep at it.
Bit of a dig at Bangers and cash good interesting video
Thanks 👍
Great video keep them coming
Thanks! Will do!
that was great!. and after all your time and effort a real bonus to keep in touch with the new owner. 😊
Absolutely!!
Great video and a fantastic result. Congratulations on the sale 👍
Thank you! Cheers!
Great little insight video! Congratulations to Jim on purchasing a gorgeous GPZ. I hope he enjoys many years of riding 👍
I hope so too!
Thank you! Looking forward to getting out on the bike soon.
Thought you were going to melt down never seen you nervous mate . Well done Jim you got a bargain
Thanks, David.
Great video, that's a lovely rebuild. A very underrated machine ❤
Many thanks!
Great video as usual
Glad you enjoyed it
What a fantastic video.
Glad you enjoyed it!
I did the same with a 1986 U..S.A. in Port ,just before lock down, great bikes yours and mine are worth a lot money, £1000 I got for mine,went back to the USA. Top bikes that Go for poor money.i
I sold mine on a Kawasaki classic bike site 😲. Lovely looking bike pal 😊
Thanks, I have another under rebuild at the moment.
Good vid ❤
Appreciate it, and I didn't loose my shirt.
Thanks for posting this. I enjoyed it.
My biggest take away was, if a person is in the market for a bike similar to this, its just not worth doing any work on the bike yourself or paying for any outside labour.
Its far better, from a consumers point of view to allow another person to put all the time and effort into a project and simply buy the fruits of their labour for just £1400.
Iv often thought I would like to start a project myself but this post has brought me back to my senses.
Thanks again Andy
Glad you enjoyed it. I think I put about £1800 into this bike so if your end game is just the bike, not the process of restoring it, just buy one ready to go.
Agreed. I been a beneficiary of an abandoned project, part done. Bargain!
On the other side, I poured ££ into a project & I never really fell in love with it, selling at a big loss.
Overall, I think I’m evens.
Hi
I'm in the process of selling my 1989 ZXR 750 H1.
It's extremely original.
It's on my channel.
I've realised the market for these types of bikes has died.
Motorcycles and motorcyclists have moved on massively from this era sadly.
I've had no interest even at £4000
A few years ago it would have been snapped up.
Oh well.
Best regards.
You did a great job on that bike restoring it.
Thanks! As you say your H1 would have been snapped up for that before, but I think the whole classic market has softened.
Could do with the white triumph to add to my collection 😍
Not sure if it sold or not, their website will probably tell you.
@@oscarsgarage447 cheers will have a look
Handsome looking bike there
Thanks
Last bike I did I bought from a friend for £500, 1993 ZXR400 L he'd left sat outside for ages doing nothing but getting ruined, I spend a couple months and a few hundred quid fixing it and tarting it up and put an MOT on it and then sold it for £2000,,,,,,, to the guy I bought it off 🤣 suspect that's the easiest sale I'll ever have.
I normally buy them for £2000, do them up, then sell for £500!!
I bought for £920 and sold for £2,050 right back to powder coating the frame and them put all the bike back together new bearings etc where required. I think I did OK. Had fun doing it. Adjusted for inflation it's probably worse than it looks.
Always late to the game I am. Looking for a bike such as yours and the price was reasonable. Oh well, keep looking.
Yeh you are so right re market place, Buyer beware
Not that great for sellers either!
I did not click on the video to see how much money was exchanged. I clicked because I like these bikes.
I remember them being launched, such a leap forward at the time. The cut out seat made me think of the GP bikes at the time.
Great auction house. Small tip, please don't talk over the auctioneer, that was a little annoying. Thanks
I hear what you are saying, but was also trying to get my thoughts at the time across as well.
Would have liked to know costs, of the bike and parts and rough profit exc Labour?
I originally paid £200 for the bike, spent about £1600 on it, so about a £600 loss...
@@oscarsgarage447How did you manage to pay only £200 for it in the first place? Even if it were a non runner, that sounds cheap.
Back in the day when they first came out I chased one down on my RD350LC, the owner said that he got it from the dealer for £3000,...I really wanted one but couldn't afford it.
Dig was by the Auctioneer not Trev
If it gets the views up, I'll take a dig at anyone...😅
good buy that for a thousand pounds.
How much did you pay for it in the first place and how much did you spend on it
Paid £200, spent around £1600...
@@oscarsgarage447 I would of kept it if I'd put all that work in and money
Cheap Bike considering all the work you put into it.
Yup, but you rarely get your money back. I had put about £1800 into this bike.
The auctioneer is simply a salesman with little or no idea about what he is selling. He would be just at home with 30 fridge freezers there. The auction house is there for one reason and that is to make money from the seller which in their case is usually Widowers families. At one point he showed his true character when he used the term Flee Bay. Take out the commission and VAT and the lack of audience and make your own decision.
Rather use eBay on classified option , use on my sales all the time - massive audience and lower fees - no brainer 🙋🏼♂️.
Why did you not just shut up whilst the Auction was actually running, let us hear him, not you.
Its all a learning curve... in the next one I keep stum...
I love those old GPZ600R's I had one back in the day the grand daddy of the Supersport class, Dynojet kit, K&N filter, modded airbox, Laser 4-1 system, and Avon tyres.
I thrashed that thing everywhere, fantastic bit of kit although the antidive was bloody horrible under braking over the yellow lines coming up to roundabouts until it was blanked off.
Did they sell the gpz600 and gpx600 at the same time. I know the gpx replaced the gpz. At least in the UK it did
@@chrishart8548 Not as far as I am aware, although I would think there was possibly GPZ that were still in showrooms when the GPX was launched, the motors were pretty much the same other than revised cams and ign timing, chassis wise the GPX switched to electronic antidive instead of hydraulic from the front brake line pressure and the swingarmwas an inch shorter I seem to remember, the styling never appealed to me though and having ridden both I preferred the GPZ.
@@mickymondo7463 the gpz had 76hp and the gpx had 84hp if you believe Wikipedia. The models overlap to a few years 1988-1990. I thought the gpx had 16" wheels that I don't like.
@@chrishart8548Both had 16 inch wheels I used to run a 150/80/16 on the rear instead of the 130/90/16 and a 120/80/16 on the front instead of the 110/90/16 I think it was. 16 inch wheels were all the rage back then, the GPZ900R carried a 16 inch front as did the FJ1200 Yamaha and various others. The front on the GPZ used to scrub out to a triangular profile after a short while.