Author Topic: How can it be that high  (Read 8205 times)

Online Markcarovilli

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How can it be that high
« on: March 23, 2015, 03:33:05 PM »
Ebay auction just ended and Moe's 1974 Eldo bid up to $32,100 and reserve Not Met.  So it didn't sell even at this price....

I don't get it....

Mark

Offline rocker59

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Re: How can it be that high
« Reply #1 on: March 23, 2015, 03:38:09 PM »

Moe's prices get discussed quite frequently.  Several threads on his prices.

Keep in mind his SoCal clientele and the degree of restoration of his bikes.

He has carved out a high-end niche and developed a high-end clientele for his restorations.

I say good for him.
Michael T.
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oldbike54

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Re: How can it be that high
« Reply #2 on: March 23, 2015, 03:41:23 PM »
 Well , the "high" part is correct  ;D

  Dusty

Online Guzzistajohn

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Re: How can it be that high
« Reply #3 on: March 23, 2015, 04:06:16 PM »
Higher than giraffe balls, but if he can get it, good for him ;-T
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Re: How can it be that high
« Reply #3 on: March 23, 2015, 04:06:16 PM »

Online LowRyter

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Re: How can it be that high
« Reply #4 on: March 23, 2015, 04:46:37 PM »
 :pop

makes me wonder who bid on it?
« Last Edit: March 23, 2015, 05:22:02 PM by LowRyter »
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Offline Chuck in Indiana

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Re: How can it be that high
« Reply #5 on: March 23, 2015, 05:01:56 PM »
That's just crazy. Sorry, but it is.
Chuck in (Elwood) Indiana/sometimes SoCal

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Online Perazzimx14

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Re: How can it be that high
« Reply #6 on: March 23, 2015, 06:09:14 PM »
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.

« Last Edit: March 23, 2015, 06:13:34 PM by Perazzimx14 »
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Offline guzzisteve

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Re: How can it be that high
« Reply #7 on: March 23, 2015, 06:53:16 PM »
Maybe it's the way the seat smells after a photo shoot.
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Offline Chuck in Indiana

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Re: How can it be that high
« Reply #8 on: March 23, 2015, 06:58:07 PM »
I'll bet it's really shiny.. ~;
Chuck in (Elwood) Indiana/sometimes SoCal

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Offline rocker59

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Re: How can it be that high
« Reply #9 on: March 23, 2015, 07:54:17 PM »
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.

Michael T.
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"Do what you can, with what you have, where you are." - Theodore Roosevelt

oldbike54

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Re: How can it be that high
« Reply #10 on: March 23, 2015, 07:58:20 PM »
What is shop time in L.A.?  If its only $100/hour, then a restoration could get expensive real fast.



 Bet shop rates are closer to $150.00 an hour in LA .

  Dusty

Offline LeRoy

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Re: How can it be that high
« Reply #11 on: March 23, 2015, 08:16:26 PM »
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?
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Offline Lannis

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Re: How can it be that high
« Reply #12 on: March 23, 2015, 08:23:15 PM »
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?

I think you've hit it, or close to it.   These bikes are publicity stunts - the ads, his strip-club site, the astronomical "asking" prices all get a little bit of a buzz going, here and other places, and even if he doesn't sell any of these bikes for these kinds of prices, it will tend to drive prices up for those people for whom "Moe" is some sort of Guzzi god .... There's no telling what the bikes actually sell for when all is said and done .....

Spin and publicity.   Good for business!

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canuck750

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Re: How can it be that high
« Reply #13 on: March 23, 2015, 08:25:36 PM »
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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Re: How can it be that high
« Reply #14 on: March 23, 2015, 08:41:11 PM »
How many of Moe's loops end up in Dubai or Qatar?


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Offline arveno

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Re: How can it be that high
« Reply #15 on: March 23, 2015, 08:58:03 PM »
How many of Moe's loops end up in Dubai or Qatar?


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I got a friend that lives is Dubai....he told me no many riders overthere...i been there few times visiting and only seen few camels lol

Online Perazzimx14

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Re: How can it be that high
« Reply #16 on: March 24, 2015, 04:56:50 AM »
What is shop time in L.A.?  If its only $100/hour, then a restoration could get expensive real fast.



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.
It's the ones who've cracked that the light shines through!

Offline rocker59

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Re: How can it be that high
« Reply #17 on: March 24, 2015, 08:47:22 AM »
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.   ;)
Michael T.
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Online Perazzimx14

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Re: How can it be that high
« Reply #18 on: March 24, 2015, 10:00:44 AM »
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.

That's the great thing about numbers you can manipulate them to look any way you want. 
It's the ones who've cracked that the light shines through!

Offline Lannis

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Re: How can it be that high
« Reply #19 on: March 24, 2015, 10:06:23 AM »
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.
 

Sounds like IRS audit meat to me!   :o   Heck, make it $500/hour and REALLY get a writeoff!   P:)

Lannis
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DougDoolin

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Re: How can it be that high
« Reply #20 on: March 24, 2015, 10:15:36 AM »
The price may be insane to us,but to someone who has an unlimited amount of play money, it may be a bargain for a "Moes" restored motorcycle.
It also gives the buyer something to brag about to the friends he bought and paid for.
« Last Edit: March 24, 2015, 10:16:53 AM by DougDoolin »

Offline not-fishing

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Re: How can it be that high
« Reply #21 on: March 24, 2015, 10:19:23 AM »
Moe's just trying to keep up with the HD Chopper Crowd


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Penderic

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Re: How can it be that high
« Reply #22 on: March 24, 2015, 10:24:57 AM »
Maybe the bikes production cost is so high is due to his experimental labor methods?  

He may be including the cost of developing new restoration techniques for vintage motorcycles.

« Last Edit: March 24, 2015, 10:26:26 AM by Penderic »

Offline mgfan

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Re: How can it be that high
« Reply #23 on: March 24, 2015, 10:54:28 AM »
If you search other makes you'll find a niche restorer for each. Colorado Norton Works bikes normally go for over $40,000.   :BEER:
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Offline jas67

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Re: How can it be that high
« Reply #24 on: March 24, 2015, 10:55:26 AM »
....
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.
....

That is precisely what happened to bevel head Ducatis.     Now, even bevel head singles are getting crazy money.
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Online Perazzimx14

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Re: How can it be that high
« Reply #25 on: March 24, 2015, 11:41:49 AM »
If you search other makes you'll find a niche restorer for each. Colorado Norton Works bikes normally go for over $40,000.   :BEER:

As they say: "There's an Ass for every seat"
It's the ones who've cracked that the light shines through!

guzzigray

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Re: How can it be that high
« Reply #26 on: March 24, 2015, 12:24:36 PM »
I'll add my 2 cents.

Yes, $32K + is a  lot money but reflects the amount of time and effort to do a concourse restoration. Having built 2 racing Guzzis to a reasonable standard the costs add up and that's not including my time. If I figured even $50 per hour the cost to build would easily be $30K.

Hate to break it to some of you but Moe is not making a ton of money selling bikes at $20K+.

Also shop rate does not equate to Moe's net income. There's rent, parts, insurance, employees, overhead, downtime etc etc.

I run a small business here in LA and my shop rate (not bike related btw) is similar to Moe's and I'm not getting rich either. That might be because I build race bikes. But that's another story  :)


Offline Chuck in Indiana

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Re: How can it be that high
« Reply #27 on: March 24, 2015, 12:56:44 PM »
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.

Yours are better..
Chuck in (Elwood) Indiana/sometimes SoCal

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I think senility is going to be a fairly smooth transition for me..

Offline John Ulrich

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Re: How can it be that high
« Reply #28 on: March 24, 2015, 01:17:02 PM »
I did a "down to the last polished nut" restoration and quit counting at $12,000.....in parts + cycle.  Labor was all me except for powdercoating, chrome & cylinder heads.  Going to the next degree is only a little more effort.

Before..........



After...
« Last Edit: March 24, 2015, 01:18:46 PM by John Ulrich »
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