Author Topic: Time to sell?  (Read 1279 times)

Online groily

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Re: Time to sell?
« Reply #30 on: 17.10. 2022 09:11 »
Sounds like there's an opening for some enterprising person to start a "classic motorbike spares clearance company" for such situations, although how long before the inevitable "Vincent spares? No call for them my love, so call it fifty quid the lot?"  scams start.
I have often thought the same - on both points Rex. It will be important to have things labelled, even with a rough value scrawled onto the box  . . .
A clearance scheme would be good but a horror show to manage, and the thieving parasite element can't be eliminated sadly.
That said, forums such as this, and (some!) owners' clubs, could theoretically have a role, but I wouldn't want to be in charge.
What many of us need, I'm not joking, is a 'shed executor' to handle disposal of machines, machinery and tools, spares etc separately from all the valueless rubbish all our houses are full of.
Bill

Offline Swarfcut

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Re: Time to sell?
« Reply #31 on: 17.10. 2022 09:18 »
 Simple answer is a bigger shed. Another project to get more space and use up redundant materials.

    As for the future at some stage the grabbing hand of authority will value an estate for tax purposes. A pile of old bits valued by a youthful auditor will be worth more to the recipients when sorted and sold on piecemeal. There is also some tax loophole with Classic Cars and the like. Rules made by rich people to keep them rich, so worth investigating before making a decision that I am sure will bring more anguish.

 I'll agree that some form of record keeping is a must. Years ago it was all in my head, now I write it down. Goes for the maintenance on our daily drivers takes moments to keep up to date and something less to remember.

 Swarfy.

Offline muskrat

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Re: Time to sell?
« Reply #32 on: 17.10. 2022 09:31 »
G'day Fellas.
I'm sort of lucky (unlucky) as I don't have a great store of parts anymore. The fire took care of that *ex*
One son wants the HD and will probably take the XT. As for the 2 BSA's and Rhonda who knows. Deb might keep the 51 A7 as we went on our honeymoon on that.
The trouble is the older we, the bikes and spares get the less interest in them as the now cashed up people don't remember them from their youth and want 80-90's stuff.
GB, polish her up and put her in the living room to admire forever.
Cheers
'51 A7 plunger, '57 A7SS racer now a A10CR, '78 XT500, '83 CB1100F, 88 HD FXST, 2000 CBR929RR ex Honda Australia Superbike .
Australia
Muskys Plunger A7

Online Rex

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Re: Time to sell?
« Reply #33 on: 17.10. 2022 09:34 »
A close friend has maybe 10 or more old bikes (all quality stuff too) but he has no family other than an older sister.
His "solution" when he gets his final calling is apparently "you boys can come and help yourselves to any of it".
He won't be told that that is the worst possible scenario, and a guaranteed recipe for friction and ill-feeling. *sad2*

Online Triton Thrasher

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Re: Time to sell?
« Reply #34 on: 17.10. 2022 09:50 »
how long before the inevitable "Vincent spares? No call for them my love, so call it fifty quid the lot?"  scams start.

There was a notorious case among the elite of the Vincent Owners Club, about a dismantled “A” Rapide.

Online groily

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Re: Time to sell?
« Reply #35 on: 17.10. 2022 10:10 »
At least one owners' club has sales and spares arms, where machines can be put on the market on consignment.
Certainly the AJS and Matchless club does, and one or two deceased friends' bikes have thus been moved on at correct market prices. Not just bikes of those marques either - there is a wide range, from restored high value, through good running machines, to projects of various sorts.

Certainly an option I have in the back of my mind, as it generates sensible funds for widow(er)s and children, keeps machines in good hands, and also generates a few ££ for the selling organisation. (In the case mentioned, ££ which are ploughed back into the manufacture of new spares, to the considerable advantage of all other members.)

Would possibly solve the dilemma Rex mentions - given that the 'plan' outlined is madness. Were I he Rex, I'd consider it seriously, especially as you say we're talking tasty machinery in that case. Then, fair values can be ascertained for those inheritors who may want one or other and taken into account in the general distribution, and folk can't in all conscience slide into squabbling mode. (Unless the inheritors are donkey sanctuaries, of course, in which case they just get £££.)

The Vincent thing caused a good few club subs to be cancelled as I recall, and led to all sorts of litigation and general unpleasantness. Human nature at its worst.
Bill

Online Rex

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Re: Time to sell?
« Reply #36 on: 17.10. 2022 11:01 »
Yes, the Vincent club thing was disgusting although I never heard the final outcome. Wasn't there even talk of theft and tax evasion charges due to stuff being removed before probate was complete?
As my mate (rather short-sightedly) says, "I won't be here to care one way or the other" . *eek*

Online groily

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Re: Time to sell?
« Reply #37 on: 17.10. 2022 11:22 »
http://johnlumleyaffair.blogspot.com/2010/12/vincent-hrd-owners-club-rocked-by.html

One of many articles and comments Rex.
I don't know what the upshot of it all was, or if there was a conclusive one even, but it left a disagreeable taste that I believe has lingered to this day in certain quarters.
Bill

Online Bsareg

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Re: Time to sell?
« Reply #38 on: 17.10. 2022 18:21 »
In my circle of friends, the first reaction to one of us complaining of feeling unwell is "can I have your bikes".😁
Helston, Cornwall C11,B40,B44 Victor,A10,RGS,M21,Rocket3,REBSA

Offline orabanda

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Re: Time to sell?
« Reply #39 on: 18.10. 2022 02:04 »
Perhaps "leave" your steeds to a motorcycle club you are a member of, or like / trust, for sale to the members.

They will be going to people who want and respect the machines, and your family will get a fair price.

The club I am a member of has / will buy collections from family, and deceased estates.

Three years ago our club bought 2 sea containers of bikes & bits from a local deceased estate (mainly BSA's, a few Ariels and Matchlesses); we dispersed 14 bikes to members via ballott (committee determined the price), and still have gearboxes, engines, frames etc left over for members to purchase.

They were all in bits except for an A10 outfit, and a M21. The owner was very proficient at stripping bikes; no good at re-assembly.

Another well known motorcyclist arranged that his bikes could only be sold to members of our club.

20 years later, his Speed twins, Nortons and Levis'  are regularly burbling down the road again, and his family received a fair price.

Which presents me with 25 conundrums.........

Richard

Online sean

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Re: Time to sell?
« Reply #40 on: 18.10. 2022 16:40 »
I sympathies with GB, I haven't got a problem with space but do have a problem with age, coming up  85 in a few months and I have to go for a medical to renew my driver's license, my Doc wants to make me go for a test to keep my motorcycle license, the test consists of at least 2 lessons with a riding school instructor at around $100 to $150 a time and then a test ride with licensing authority, another $100 or more, this is the problem, if you make just one mistake you fail.
The likelihood of me not making one mistake is zero, so my only hope is to talk my Doc into not ticking the box that says "test required".
So if the Doc ticks that box I'm not going to even try to renew my bike driver's license and will have two bikes for sale *sad2*
Peter

tell the doc you sold the motorcycle so no point in checking the box