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The add stated the this restoration has over $40,000 invested before the siren ::). I am not sure how you could get that kind of money in to a Loop. They only have 12 parts and 3 wires.While its neat a Loop can bring 30K it ultimately hurts the rest of the general buying community. Pretty soon $1,500 barn finds (if you lucky enough to find one priced reasonable) are going to be $4,000 & $5,000. Left coast can keep Moe and the East coast will keep Charlie.
What is shop time in L.A.? If its only $100/hour, then a restoration could get expensive real fast.
All of these prices are academic. I, for one, have never seen one of Moe's bikes actually meet reserve on eBay. Maybe one has. But on the other hand, and from a seller's perspective, why not set an insurmountable reserve and watch bidding climb to the stratosphere without ever actually defining a sale price? In a way, this becomes "testimonial" advertising for the value of his services. Then, when a customer is in the shop, it can always be said, "Well, I turned down $X for it on eBay." The whole thing sets an artificial floor on pricing, from which it can only go up.Has anybody on this list ever seen one of these bikes reach reserve?
How many of Moe's loops end up in Dubai or Qatar? Sent from my iPhone using Tapatalk
Wouldn't shop rate only apply to projects being brought into the shop by customers? I highly doubt Moe charges himself shop rate when building a bike for retail sale.
Why wouldn't he? It's a business. And, time has to be accounted for.If he loses money, it's a write-off. ;)
If I were him @ $150 per hour I'd work on it 8 hours a day, 5 days a week for a year. At the end of the year I'd write off $280,000 in labor then go on vacation with my return.
....While its neat a Loop can bring 30K it ultimately hurts the rest of the general buying community. Pretty soon $1,500 barn finds (if you lucky enough to find one priced reasonable) are going to be $4,000 & $5,000. ....
If you search other makes you'll find a niche restorer for each. Colorado Norton Works bikes normally go for over $40,000. :BEER:
I saw the bike when I was visiting Moe's shop last week, it was absolutely beautiful! No comment on the price, a thing is worth what someone is willing to pay and from what I saw of that part of California there is no shortage of money. I have never seen a Ferrari dealership let alone one with half a dozen parked outside as if they were selling Kia's! Followed by the Bentley, Aston etc.. dealerships all in a row, that place makes Beemers look like regular old Fords.
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