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Time to sell; what's it worth?(17 posts)

Time to sell; what's it worth?jtolleson
Mar 23, 2002 2:39 PM
For those of you who have followed my buying saga (or not), it is time to sell the Litespeed. I'm trying to decide what to ask for it. Here's the specs

1998 Litespeed Catalyst (built in 1999)
Full Ultegra (triple) including Ultegra hubs, OP rims
Flitedeck computer
Profile quill stem
new chain, bar tape, tune

Tell me what I should ask...??? Since I spent the entire 2000 season on crutches, the bike only has about 6,000 miles on it.

Anyone? Anyone? Bueller?
Mar 23, 2002 2:50 PM
It's rare to get more than 40% of the cost of a new one, even if in excellent condition. Low level Ti bikes with Ultegra can be had for $1600 to $2000 these days. With an outdated quill stem (and what fork?), the desirability goes down.
Put it on ebayonespeed
Mar 23, 2002 3:03 PM
You will find out exactly what someone will pay for it, or even if anyone will pay for it.
re: Time to sell; what's it worth?Joshua
Mar 23, 2002 4:14 PM
you could e-mail with the size and maybe some pics. I am looking for a road bike. Josh
re: Time to sell; what's it worth?KEN2
Mar 23, 2002 4:35 PM
Ebay is the way to go these days. Way more traffic than other sites and stuff often goes for higher than you estimate, i.e. it's a seller's market. Just don't set a reserve or at least keep it low, let people bid it up. Also the best time to list is Sunday evening, do the 7 day so it closes on the following Sunday evening, that's when the most bidders are online. A good picture and honest description are a must; don't forget about shipping (at least $30 or more on a full bike).

I always do some research on similar items before I list. There is a tab you can select that will get you previous sales for the past three months, and you can search those with keywords, like "Litespeed," and see how other sellers/buyers have done.
800-1000 dollars if luckyMGS
Mar 23, 2002 5:20 PM
I agree with the other post, but on e-bay, I've been lucky getting people to bid on bikes, and get into bidding wars.

My suggestion is to post on e-bay, start at 600 dollars, and not that there is no reserve. That way you get at least 600, and if listed for 7-8days, you may get much more.

Good luck
Thanks folks, even if you are depressing me!jtolleson
Mar 23, 2002 5:44 PM
Actually, the Catalyst was not a low level model; it was a shaped and butted mid-level bike (frame retailed for $1250 then... built mine up for $2100) that was replaced in LS's lineup by the Tuscany.

But alas I think your general impulses are right. That the Catalyst is no longer in Litespeed's lineup is a disadvantage. If this were a 3 year old Classic, I think bidding would be better. The 1 inch steerer tube and quill stem setup doesn't help, either!

EBay, it is... and we'll see what shakes out.
That's the way to go.look271
Mar 24, 2002 8:56 AM
2 yrs ago I sold a Raliegh R600 for way more than I thought it would go for. Not exactly a Litespeed! I think you'll be pleasantly surprised. Start at $600 and let her rip. Since it is getting warmer here in the east (and the rest of the country as well) I'm sure you'll do fine. Nothing like warm weather to get the couch potatoes off their duffs and thinking about dropping a pound or 2 or 50!
two recent sales on EbayDrD
Mar 23, 2002 5:41 PM
Two similat bikes sold this month on ebay -

the first was a 53cm polished frame with a look cf fork for $547.63,

and the second was a 55cm complete bike (Ultegra 9spd dbl, look cf fork, and new ksyrium elite wheels) for $1300.

I am sure the flashy wheels helped the complete bike sell - even so, bidding started at $1k, and there were 5 bidders (last bidder made their first appearance and sniped it with 2 seconds left on the clock) I would think that if you clean it up, and make it look good in the photo, maybe throw in some new tires, etc. you should be able to bring in $1000-1100 or so.
What did you replace the LS with????CT1
Mar 23, 2002 6:56 PM
Just curious me.

ride on
Seven Axiomjtolleson
Mar 24, 2002 7:56 AM
Went up to Excel and ordered the Seven, and it's been a wonderful experience thus far (though the bike isn't here yet... probably 3 more weeks).
Mar 24, 2002 10:41 AM
Seven AxiomCT1
Mar 24, 2002 1:59 PM

Congrats on the new bike. :)

Keep us informed .... pics etc. when you finally get the bike.

Around $1000granda
Mar 23, 2002 7:40 PM
Really anyone who's looked at ebay...I don't think there's been a good/excellent condition complete Litespeed that's gone for less than
$1000. It might not go for much more than that, but LS has name recognition, and if it's in good shape, I think you will find someone to pay that. Some people on this board might think you can buy something else better for that price so they might be suggesting a lower amount, but there are people that will pay that to get a LS Ti bike.
Around $1000jtolleson
Mar 24, 2002 7:55 AM
I'll post it the first time with an $800 minimum and see what shakes out.

Honestly, at $600 I'd either keep it or give it to a cycling related charity (we've got a youth cycling program here in Denver) and take a tax deduction for a higher value.

Thanks for the optimism (I had originally hoped to hit $1200, but perhaps I'm unrealistic...apparently!)
here's what I'd dolonefrontranger
Mar 24, 2002 5:34 PM
If you haven't already listed it, that is. I've had LOTS of luck listing stuff on Ebay using the following tactic:

List it at $500 starting bid, to get the interested parties started on bidding. Put a reserve on it (no one can see the reserve, BTW) of $1000, or $1200, or whatever. Do NOT put what your reserve price is in the body of the description. Let the bidding begin.

Now you have NO obligation to sell if the reserve it not met, and you can then take a tax-write off for it if you don't get what you think it's worth.

Using this method, I sold an Ultegra equipped Trek 2300 that had been raced for 2 seasons and had cosmetic damage (i.e. had obviously been crashed) on the fork and right-hand lever for $1250 + $50 shipping. I listed the shipping charges and described the damage with copious pics. I did admit the bike had been crashed but there was no structural damage and it worked as new, cared for by a professional wrench (me). I put a reserve of $1000 on it, and started the bids at $300. A bidding war ensued with 3 days left, and the bike sold for a lot more than I expected.

This was significantly more than I actually paid for it new, since I get team/employee discount (cost) on all my bikes. I don't feel remorseful that I ripped someone off, because the new owner was thrilled with the bike, and I got what I needed to buy my Dream frame. Plus I got great feedback from that buyer.

A good description and photos will take you a long way. I know I personally (and many others I talk to) will not even bid or inquire on an item unless it has decent pics and good to exhaustive description.

Oh, and don't forget to prominently mention the size. I personally won't click on anything that doesn't have the size listed in the header.
here's what I'd dojtolleson
Mar 25, 2002 7:13 AM
This is really helpful, thanks. I have a decent eBay rating (36) but all as a buyer; here's hoping folks don't shy away from the new seller (I know I sometimes do).