Probably a lot of these eBay bikes benefit from actual collector bike
price spill over.  People see a 1973 Masi, an authentic Herse, a
Singer made by Singer, or an old Eisentraut go for a bundle on line.
Rather than focus on the bike pedigree, they focus on steel lugs and
age.

The psychology is understandable.  As a result the buyers are either
paying too much for a riding bike or making a bad investment in what
most likely will never be a collectible.

On May 13, 3:02 pm, Kris <[email protected]> wrote:
> Just a few years ago I would probably have been bidding, but my
> 'level' has dropped significantly.  If I found one at a yard sale or
> the like I would sure buy it, but I am no longer looking for any older
> bikes.
>
> K
>
> On May 13, 3:45 pm, Murray Love <[email protected]> wrote:
>
>
>
>
>
> > On Thu, May 13, 2010 at 12:29 PM, Tim McNamara <[email protected]> wrote:
> > > I bought my wife a 55 cm 1993 XO-1 from the Bridgestone Owner's Bunch sale
> > > in (IIRC) 1994 when B-stone was closing up shop in the US.  It was an
> > > engagement/wedding present.  She loved the bike and rode it lots.
> > >  Unfortunately it met its demise at her office one day.  It was locked up 
> > > in
> > > front of the building when a lady apparently confused the brake and gas
> > > pedal while parking (note it was a Toyota, so who knows).  The car surged
> > > over the curb directly at the front windows of a beauty parlor on the 
> > > first
> > > floor, ran over the bike and the sign to which it was locked, was diverted
> > > by this the accelerated down the sidewalk parallel to the building until 
> > > it
> > > struck a tree.  You could see where she continued to spin the wheels until
> > > the car died.  No one was hurt but several people- the driver, the
> > > beauticians and their customers were of course terrified.
>
> > > The bike was destroyed.  Every tube was bent except the head tube.  The
> > > wheels were mangled.  Almost nothing was salvageable.  The driver's
> > > insurance company (State Farm) was a complete PITA to deal with (and lost
> > > our auto and homeowner's insurance business as a result).  My wife was
> > > distraught, not only for the bike itself but also its meaning.
>
> > > Here's why I tell about the tragedy.  I replaced the bike with a Heron 
> > > Road
> > > with full Superbe, building it up over months at a friend's shop and
> > > sneaking it into the house while we were out on Christmas Eve with the 
> > > help
> > > of neighbors.  She was shocked and delighted and, more than 10 years 
> > > later,
> > > rides the Heron lots.  But when I received the Heron frame from Rivendell
> > > and examined it closely and compared the two frames, I realized something
> > > about the XO-1.
>
> > > It was crude.  The lugs were not attractive.  They were not filed or
> > > thinned.  Tube mitering was not good.  The brazing was sloppy and 
> > > incomplete
> > > around the BB shell.  The paint was not well done.  The Heron was a 
> > > *vastly*
> > > better made frame.  My nostalgia for the XO-1 as a bike vanished (although
> > > my nostalgia for what it meant- it was basically our engagement ring-
> > > remains).
>
> > > The XO-1 is an iconic bike.  It's a unique moment in bike history with
> > > nothing really like it before or since from a major manufacturer.  But 
> > > there
> > > are better bikes to be had (and Rivendell has a lot of 'em).  For the 
> > > price
> > > these go for on eBay, I'd rather buy a better bike with that money.
>
> > > So my level of nostalgia for the XO-1 as a bike is pretty low.  I'd pay
> > > maybe $350 for one in near-mint condition.  Obviously I won't be winning 
> > > any
> > > auctions...
>
> > Agreed 100%.  I had a 1993 XO-3 (lugged, Japan-made, same geometry as the
> > XO-1 with slightly heavier triple-butted tubing).  Actually, I had two, and
> > broke both in exactly the same way:  BB shell broke at the base of the
> > seat-tube lug.
>
> > I enjoyed the bike well enough for a while--it was my first attempt at an
> > allroad bike, and I built it up from the frame with my own selection of
> > components--but I've ridden much nicer production bikes since then, my 1984
> > Sequoia foremost among them.  The XO-3 was very stiff and seemed to transmit
> > even the smallest road vibrations directly into my body, even with 1.75"
> > tires at 75psi (this was long before my eye-opening experience with 650B
> > tires at 55psi).
>
> > I also had a '92 RB-1, which I miss far more than the XO-3.  Even with 28mm
> > tires at 95psi, it rode much smoother than the XO-3, and just had a springy
> > want-to-go-FAST feel entirely lacking in the other bike.
>
> > So, like Tim, I have very little nostalgia for the XOs, except as a
> > praiseworthy attempt to do something completely different in production
> > bikes.
>
> > If any Bridgestone could tempt me these days, it would be the '92-'94 RB-T,
> > which has very similar geometry to my Sequoia.  And no, I wouldn't go for
> > the nostalgia build--it would be the normal mix of old and new stuff I have
> > lying around:  TA or AT cranks, modern Shimano 9-speed drivetrain, Ergo
> > brifters, BMX pedals, etc.
>
> > Murray
> > Victoria, BC
>
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