Back On the Run

Within the first week of January, I have already been to Canada, California, and Las Vegas. It's good to be busy!

While the fundraising part of the auction business doesn't get rolling until February, January is chock-a-block full of collector car and vintage motorcycle auctions.

First up is Scottsdale, where a week-long collector car feast made up of seven auction companies competing for the business of car enthusiasts world-wide. It also happens to be a multi-million dollar week! Barrett-Jackson alone, is expecting to sell in excess of $100 million in cars; with the rest of the auction houses coming close to match that same amount too. You're playing with the big boys here.

Next up in the week immediately following, the focus shifts from cars to motorcycles in Las Vegas; where hundreds of motorcycles will cross the combined auction blocks of Mecum and Bonhams auction companies. At Bonhams (www.bonhams.com), a rare Crocker motorcycle is expected to go for $500 to $600 thousand. Over at Mecum (www.mecum.com), it is offering a fantastic selection of motorcycles at no-reserve. It's sure to be an excitement-filled week. I'll be there, so I hope to run into some of you. Drop me a line on Facebook, Instagram or Twitter; or just swing by to say hello.

Happy New Year everyone and happy bidding and browsing to those of you heading down to Arizona and Nevada!

Las Vegas Motorcyle Auction

This year I had the chance to attend Mecum's Annual Motorcycle Auction in Las Vegas. I happened to be working in Vegas anyway, so I met a bunch of friends a day earlier to catch up over a few bikes and beers.

It was Mecum's 25th anniversary event and they had an awesome selection of bikes this year; over seven hundred to be exact. Whatever kind of bike you were looking for or interested in, it was there.
The bikes that I'm most into are the ones that were produced from the mid-seventies up through until the early eighties. I have always felt that the bikes built in this period offer riders style and power; best of all appreciation in value.

One of the bikes that caught my attention was a 1983 Kawasaki GPZ750. I owned one of these bikes back in 1984. At the time, motorcycles were making the transition from bikes with just a straight-line speed and quick acceleration to what has now evolved into today's modern sport bike. The GPZ had uni-track suspension, ventilated front disc brakes, and a powerful 92hp motor. So is the second generation Kawasaki GPZ poised to take off in value? I think if you could find one for less than $4,000, it would still be considered a good buy. The one which sold at the Mecum auction, while not perfect, still went for $4,250.