Tuesday, 18 October 2011

STATE OF A GOLD STAR NATION

For as long as i have wanted a bike i have wanted a Gold Star, i can even remember certain times and places i saw them when i was in my teens, once i even went to buy one, a 350 CB32 trials, it was £20 but i didnt get it as my "mate" said the engine rattled too much. Every now and then (like when i saw this DBD34 at Scorton on Saturday) i think about selling all my bikes and buying one. Of course like everyone else i follow auctions for bikes on ebay just for interest and always look at Gold Stars knowing that now they are fetching £15,000 i will never have one.
But...has the bubble burst? at least it's leaking, two genuine DBD34s last week failed to make more than £10,500 and a 32 sold for under £8k. Could be just the time of year but a guy who has been bringing in British bikes from the US for the last few years told me he isnt importing any more as he has sold hardly any of the last batch, and these are cheapies not big money stuff.
Prices have been hiked over the last few years as a result of people wanting to invest cash that would bring in little interest at the bank, maybe they have all spent up. Unless you were in at the start that may not have been such a wise move. I could be wrong but i reckon if you bought a classic in the last year at market price you are in for a good kick in the bollocks.
I will keep following Goldies but by the time they are back in my price range my own bikes will probably be worth more for scrap.
There is a big Bonhams auction at Harrogate next month, i'm taking my purse.


7 comments:

ed said...

Pete your damn right about the bike prices was all over inflated,but the racing goldstars i get ,the road version looks a bit too pretty,

Pete Stansfield said...

Yes i know where you are coming from, they are nearly all restored to showroom standard condition, definitely not what i would want.

The Tinslecat said...

A load of stuff seems to be going "cheap" compared to prices from the last 12 months..

Pete Stansfield said...

Definitely TC not just complete bikes, parts as well, basically the job is fucked ! (it is if you are someone who sells parts for a living anyway)

shrew said...

Men don't have purses... they're money pouches ;)

Pete Stansfield said...

Ive got to have a purse to wear with my Codpiece.

shrew said...

what an image - not one that I'd enjoy (let's make that clear), but still, what an image