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A 1903 Harley is worth how much? Hagerty adds bikes to price guide
Whenever the big auctions begin in places like Monterey, it's hardly a surprise to hear about classic Ferraris or other exotics crossing the block for a few million dollars. But, the record sale price last year for the "Captain America" bike from Easy Rider is just a small sign that there's a growing market to own a piece of motorcycle history, as well. To answer this demand, vehicle insurance and valuation company Hagerty is now including vintage bikes in its price guide. The most expensive cycle there is a 1903 Harley-Davidson Single with a value pegged at an eye-watering $15 million for an example in No. 1 condition.
You don't need to be a multi-millionaire to buy a vintage bike, though. If there's an old cycle you're eyeing or there's one already in the garage, you can check what Hagerty thinks it's worth on the company's website, now. The database includes 61 motorcycle makers and 9,200 models from 1894-1996. The pages also have a ton of useful details, including a price history for four conditions.
According to Hagerty, the market for classic bikes is up over 50 percent since 2010, and more of them are showing up at auction, as well. The vintage cycles with the biggest demand are Harley-Davidson FLHs from the '60s and '70s. Show full PR text Hagerty Launches Motorcycle Valuation Tools
Motorcycle Market Demand Drives Creation of Database Covering Everything from
$15 Million Harley-Davidsons to $1,500 Yamahas
TRAVERSE CITY, MICHIGAN (October 14, 2015) —Hagerty, the world leader in collector vehicle insurance and valuation tools, is pleased to announce the Hagerty Price Guide now includes motorcycles. The motorcycle guide, published on the Hagerty Valuations Tools website, includes 61 makes, 9,200 individual motorcycles built from 1894 -1996, and pricing for four conditions. Like its vehicle car and truck valuation guides, Hagerty's comprehensive motorcycle guide features model histories, images, current and historic pricing, and recent auction sales.
"Motorcycles are one of the fastest growing segments in the collectible vehicle market," said McKeel Hagerty, CEO of Hagerty. "The recent interest is inspiring enthusiasts to pull their bikes out of long-term storage to enjoy again and share with the next generation. From a collecting standpoint, motorcycles are very approachable because many can be purchased for less than $10,000, and they take up very little space in your garage."
The number of motorcycles offered at collector vehicle auctions has nearly doubled compared to last year, and demand for vintage motorcycles is up more than 50% from 2010. While bikes from the 1920s have increased dramatically in value over the past five years, bikes from the 1970s and 1980s remain relatively flat in their average quoted values during the past five years.
Demand in the market has increased the most for Harley-Davidson, Honda, BMW, Triumph and Yamaha, with the most popular collector motorcycle models being 1960s and '70s Harley-Davidson FLHs. The most valuable motorcycle in the price guide is the 1903 Harley-Davidson Single with a #1 condition value of $15 million. The most expensive motorcycle ever sold at auction is the "Captain America" Harley-Davidson Panhead from Easy Rider, which sold for $1.62 million in October 2014 (by Profiles in History Auctions).
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