Re: [CR]What does a vintage bike really cost? was: Vintage lightweight values, adjusted for inflation

(Example: Framebuilders)

Date: Sun, 22 May 2005 13:09:44 -0500
From: "John Thompson" <JohnThompson@new.rr.com>
Organization: The Crimson Permanent Assurance
To: classicrendezvous@bikelist.org
Subject: Re: [CR]What does a vintage bike really cost? was: Vintage lightweight values, adjusted for inflation
References: <20050522153313.75675.qmail@web14223.mail.yahoo.com>
In-Reply-To: <20050522153313.75675.qmail@web14223.mail.yahoo.com>


Brett Horton wrote:
> My first purchase a true racing bike came in 1979 when I was 16 years
> old. It was a Campy Super Record equipped Gios and cost 925 out the
> door. Using a static inflation calculator, that translates to a 2005
> inflation adjusted amount of approximately $2620. [...] The purchase
> my $950 Gios required the expenditure of 271 hours of my labor. As a
> 20 hour per week part timer, that meant nearly 5 months or work.
>
> Roll the clock up to 2005 and lets look at that now vintage Gios. Two
> years ago I was able to find one that was virtually NOS. [...] I
> paid $1950 to acquire this bike 2 years ago. The same bike that
> required 271 hours of labor in 1979 was paid for in 2003 by lunch,
> requiring just more than 4 labor hours.

Dang. I'm obviously in the wrong line of work. I'd still need the better part of a month to pay for that Gios.

--
John "that's why I don't have a Gios, I guess" (john@os2.dhs.org)
Appleton WI USA