Market: Is now the time for classic bike collecting?
The Las Vegas Bonhams auction shows that the classic bike market is healthier than ever, at a time when classic car prices have rightly flattened off
The Bonhams motorcycle auction in Las Vegas yesterday brought together an excellent collection of vintage and collectible motorcycles. This sale was a typical collection for Bonhams in that most of the bikes on offer were serious collectors items. The sale went on for a few hours with, basically, business as usual – and then the original condition, Australian speed record-setting, 1951 Vincent Black Lightning motorcycle hit the block.
Bidding started at around $400,000 and just kept going, making for the most exciting motorcycle room I have ever seen. The sale for this bike finally hammered sold at an unbelievable $929,000, which makes it the most valuable motorcycle ever sold at auction.
The bike was built as a special order and imported new into Australia by Tony McAlpine. The Vincent Black Lightning, number 7305, is one of just approximately 30 Black Lightning models built by the Stevenage, England factory.
At the time when it was built, another well-known Vincent, nicknamed 'Gunga Din', was undergoing work in the factory as well and was prepped to smash speed records. After both were completed, the two machines were raced at an airfield where it is said that McAlpine's bike was a clear 30 yards ahead of Gunga Din, and factory records indicated that it achieved speeds in excess of 130mph in third gear.
The story gets better though, in that in 1953 the McAlpine-ordered motorcycle smashed the existing Australian speed record when Jack Ehret rode it to an average speed of 141.5mph.
'Rollie Free and Marty Dickerson [legendary Vincent riders], knew of this motorcycle and Ehret's acclaim,' according to Ben Walker, Bonhams head of motorcycling. 'After the "Bathing Suit Bike" ridden by Free, the Ehret bike is likely the most important Black Lightning in existence and is one of the world's most desirable machines.'
This piece of history is the most important motorcycle I have ever seen offered at a US motorcycle sale and speaks to a market that is ready and willing to step up and pay whatever it costs to acquire important and significant motorcycles.
The rest of the sale also saw some very strong numbers, especially with the other Vincents and Bough Superiors on offer. These included the all-original two-owner 1950 Vincent Comet selling for $33,925, the 1953 Vincent Black Shadow Series C selling for $88,550, the 1955 Vincent Black Prince selling at $104,650, and my very favorite bike of the sale, the 1939 Brough Superior SS80 (above) that sold for $120,500.
Surprisingly some of the motorcycles from Italy did not fare as well as the Brits. A pair of MV Agustas, a 1975 750 America (above) and a 1977 850SS were no sales, as were the 1985 Ducati-NCR 850 Pro twin, which had a pre-auction estimate of $80,000 to $100,000, and the 1987 Ducati 750F1 Laguna Seca, which had only a $23,000 to $26,000 pre-auction estimate.
On the Japanese bike front, a huge winner was the 1990 Honda VRR750R RC 30 that sold for what could be a record $92,000, or basically 12k more than the Vincent Black Shadow. The best buy for Japanese bikes was, for me, the competitor in period to the RC 30, the 1991 Yamaha FZR 750RT OW01 (below) that was bought extremely well for $34,500.
Despite all of this serious heavy metal selling at strong prices, I am grateful that Bonhams also brings a number of entry-level collector bikes to their sale. The standouts for me of these were the 1975 BMW R75/6 that was a strong buy at only $3220, the 1970 Norton Commando 750S café racer for a bargain $5175 and my very favorite of the less expensive bikes, the stunning Jacaranda Purple over Silver Sheen 1970 Triumph T100C (below) that sold for $8050.
This year looks like it could be a banner year for classic motorcycles, and being a collector of these bikes myself I think that it is about time.