It's a difficult bike to value as of course it depends who's interested. I don't really wish to disclose the reserve but just to say I've set it a bit below the agreed valuation value that I have on my insurance policy and hopefully it's not an unrealistic figure. I intend to just let the auction run, if it doesn't meet the reserve then I'd rather just store it for another few years than sell for a price I'd regret.
It's been interesting that in less than 12 hours from the start of the 10 day auction it's been bid on that much, I wasn't really expecting that, but I guess it shows interest and I suppose it's not often one of these bikes come up - particularly not one with the known history etc and in the condition that this one is. I suspect there won't be many more bids now until the end of the auction though as is usually the way.