SOHC.co.uk Forums > Project Board
CB750 K1 restoration
GLRoberts99:
--- Quote from: McCabe-Thiele (Ted) on August 22, 2022, 01:18:41 PM ---I guess the reserve price is not an easy calculation especially at the back end of the year - it also depends on how much you have paid for the bike initially and subsequently your restoration costs.
If it's a case of moving it on so you can fund another project I have an odd but (I think) realistic way of looking at it.
Add up all your restoration costs and halve the figure then add that to what you paid for it - that would be my reserve price.
I would have thought Bonhams would give you some guidance on the right level of reserve if you ask them.
--- End quote ---
Hi Ted, my approach is to sell the bike to start the next project and I do like your "rule of thumb". The risk I see is that in my experience, pricing has little respect of the costs incurred - especially if you factor in labour costs !!
Bonhams have indeed given me some guidance of pricing (I too have a view), but neither Bonhams nor I have the knowledge or experience that is found on this forum. I'd take more heed of people's views on the forum than Bonhams who, to be fair, have to have a very broad knowledge of a wide variety of bikes and vintages, while members here are specialists in the CB750 field.
Nurse Julie:
Ted..... I've sat here and worked out how much all our bikes are worth using your formulae, it's bollocks 😂😂😂😂😂😂. (no, I'm not being rude to Ted for anyone that thinks I am 😁😁😁😁)
Laverdaroo:
--- Quote from: Sesman on August 22, 2022, 02:20:26 PM ---Having absolutely no insight whatsoever to the UK versus the rest of the word position, I’m still unclear as to the argument surrounding the UK versus ‘import’ cost/value argument.
It’s my understanding that all Hondas of this marque are Japanese Exports and some simply eventually in the UK via other countries…the USA for example. Judging by some of the UK bikes I’ve seen the imports have survived much better. Yes they may have subtle styling differences, but they are essentially the same product!
Surely the bikes should be evaluated on appearance and quality alone, not the countries through which they have travelled. Mines a Japanese export that’s finally arrived in the UK via the USA and thank goodness it did, judging by some of the rusted heaps I’ve seen toted as ‘genuine’ UK barn find.
Genuinely, some insight to the concept would be appreciated.
Mischievously yours
💥🤪🌪💀
--- End quote ---
You know what youve done there Phil, dont you! ;) ;D
Nurse Julie:
It's obviously a guessing game we are playing here, so here's my two penneth worth.
A reserve of £5000.
The lower the reserve, the more chance of it selling.
GLRoberts99:
--- Quote from: Nurse Julie on August 22, 2022, 06:34:06 PM ---It's obviously a guessing game we are playing here, so here's my two penneth worth.
A reserve of £5000.
The lower the reserve, the more chance of it selling.
--- End quote ---
Thank you.
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