Well, where does the time go? I’ve no idea either. Last Sunday (Nov 25th) I went to a bicycle show and ended up spending $645 for eight bikes. A Frejus $100, another Italian bike $100, a Raleigh Superbe $150, a Raleigh Sports $150, a Dunelt $25, a Raleigh Sports for parts $20 and a Raleigh LTD and a Peugeot for $100. I did not intend to spend the limit as I was also chasing a couple of bikes on various auctions this week. If you read the entry for October 8th “The Good, The Bad and The Unbelieveable” I had mentioned buying a BSA folding paratrooper bike from WWII. These things are very much sought after at the moment and two were available. In addition, I had just sold mine for $975, more than twice what I had paid for it but it had issues, including the wrong wheels and the wrong brakes, both pretty expensive parts. Anyway, my hope was to purchase both, a more complete example for myself and the other for the blog to immediately flip. I did succeed in getting the one off eBay which mentioned nowhere the word paratrooper or WWII so went somewhat under the radar of a few people and was pretty much complete. I got it for $775, and that included it being shipped to me. Yesterday was auction number two and this was going to be a bit tougher as the auction was for bicycles coming from a bicycle museum. In the end it sold for $2,600 which was beyond my reach and so having only one I will keep it for myself for the time being. Here’s my thought process, I bought the first one for $450, sold it for $975 and after fees I believe I netted around $875. I have bought a more complete bike for $775 and so theoretically I am into this one for $350, my initial $450 purchase minus the $100 I pocketed for selling and buying a better one. This one I will sell at some point and hopefully will make enough to buy me a tidy complete one which will stand me at $0!!
Anyway, I digress but I was holding around $1,000 for the second bike for the blog but that did not happen. So here I sit with 8 bikes and ideally would like to shift them all before the end of the year, possibly not going to happen but you never know. The Frejus I mentioned is an Italian bike that I have stripped down to a frame set and parts. I have cleaned the original parts on there and will begin listing those tonight and tomorrow. The other bikes have a mix of probable dispositions and I will update this as and when they are happening. I should double my money with relative ease and that should see me heading into the new year with over $2,000 and that would be nice. Correction, that would be great.
In other news, motivated to get going again because one of my blog readers was wondering what was going on. Here is the kicker, I kept this quiet from family until late in the year and told my mum about it who has shared it with other family. I think it may have been given a quick look over by others but has been read by my mum. Anyway, mum just got back from holiday and was wondering what was happening, talk about pressure!
I am moving ahead with the website and have been sent an outline of the site and it looks good. I am meeting with the developer for coffee on Tuesday and am looking forward to moving ahead.
I have been selling some new items under my business eBay account and although not setting the world alight I am happy about it and working smarter not harder. The hourly rate of return is better than cleaning and listing vintage parts but not there in sufficient volume as yet to make a significant difference as yet but again, I am moving in the right direction.
I am thankful for the continued progress I am making this year and am mindful that I need to keep focused and appreciative of all that I am given. I am not a new age type but I will include something further about this probably in a yearly round up post or page.