Gauging a sale price, etc?

[Wessa]

Hello all,

I just want to gauge your views on a very tidy rare bike i have in regards to a sale price and to see if i have any interest in it..

So, i have restored a 1996 zx7 RR.. Its a RR, so not many made. Only 8 ever came into NZ through kwaka dealers. I have been told there are only 2-3 left in NZ.

The bike now is all back to original. All original kwaka parts used, sourced from the UK and Aus.
I have spent plenty of time and money doing this but really enjoyed the project. Ive been told it would be the best example in the country. I can give details of my rebuild items and pics if needed in an email.

Looking at the value of bikes in the Uk, they go for anywhere in the region of $20k..
I would be happy to put it on stands in the garage as i have a bmw k1300 for my riding now..

Just wondered if a rare bike like this would be of interest to anyone and what kind of offers i would get..
I would appriciate your thoughts, should i keep it? I really dont want to ship it abroad to anyone. Would like to see it kept in NZ.
Thanks all. :done:

[jellywrestler]

I have been told there are only 2-3 left in NZ.

Ive been told it would be the best example in the country. I can give details of my rebuild items and pics if needed in an email.

whose your expert and what's there background, also what do they value it at?

[del-solider]

Here's on for sale in NZ at the 20k mark.

http://www.carbon-garage.com/shop/superbikesforsale/2001+Kawasaki+ZX-7RR.html

Not sure what the market for a bike like that would be though.

[Banditbandit]

Hmm .. work out what you think you need to get for the bike and put it on tardme and see what happens ..

Value is set largely by the buyer ...

[Mike.Gayner]

The idea you'll get $20k is complete nonsense. Some people might be trying it on, but they'll never get it.

[sidecar bob]

The idea you'll get $20k is complete nonsense. Some people might be trying it on, but they'll never get it.

What study do you base that presumption on?

[mossy1200]

I guess if owo1 is worth around 30k then they would be worth about 20k.
Finding the buyer is harder than getting the money.
Someone who wants one will pay the correct price probably because money wont be a issue to them.

[tigertim20]

this thread is worthless without pics

[HenryDorsetCase]

I guess if owo1 is worth around 30k then they would be worth about 20k.
Finding the buyer is harder than getting the money.
Someone who wants one will pay the correct price probably because money wont be a issue to them.

I think Don from Pitlane gave up trying to sell his OW01 and it was a lot cheaper than that. The king of those bikes is an RC30, and they are round the 30k mark. But I suspect the market for an RC30 is bigger than that for a ZX7RR.
Not helpful, eh? Its worth what you agree to sell it to someone for.

[HenryDorsetCase]

Here's on for sale in NZ at the 20k mark.

http://www.carbon-garage.com/shop/superbikesforsale/2001+Kawasaki+ZX-7RR.html

Not sure what the market for a bike like that would be though.

great link by the way:I'd never heard of that carbon garage. I have quite the erection looking at some of their stuff for sale.

also a very useful resource for OP in his quest for information.

[Gremlin]

As others have said, it's worth what someone is prepared to pay. If you're not prepared to sell at that price, then it's not really for sale. Basically, you're looking for a collector or enthusiast who wants exactly that.

I had a 96 ZX7R (not an RR) around 07 as my 2nd bike, and while it was great, a, I paid 8-9k I think, and sold for more like 5-6k, I certainly wouldn't be paying 20k for an RR, but then I'm not collecting one either.

Keeping it in NZ sounds great, but your pool of potential buyers is drastically smaller.

[Wessa]

Thanks for the replies all,

The one on the carbon website is a european model. The headlights are a tell tale sign.
A mint bike though, as is mine. Pretty much identical.

So, yeah, i reckon my chances are limited keeping the bike in NZ, then again, im in no rush to sell it.
Defo a collectors and yeah i would wait for the right buyer to show interest.
The interested person will not worry about the cost as someone said.

I based my price on what i have found others for sale. Im not sure i would pay $20k so i wouldnt expect anyone else to pay that either..
I paid alot less than that when i found it, but have spent alot restoring it.

Thanks agin for the feedback boys.. :niceone:

[AllanB]

If you can get $20k in the UK for it ship it.

[ellipsis]

I think Don from Pitlane gave up trying to sell his OW01 and it was a lot cheaper than that. The king of those bikes is an RC30, and they are round the 30k mark. But I suspect the market for an RC30 is bigger than that for a ZX7RR.
Not helpful, eh? Its worth what you agree to sell it to someone for.


...Don started at 35k...I know that 'cos when I came home and mentioned in a little voice to my wife that I wanted this cool little yamaha racing bike and mentioned the price, she was not very happy...I think I had to wait hours for someone to come home and remove the cutlery that pinned me to the wall...that was the end of that...

[sidecar bob]

Stink for you. My wife just says, "that's nice dear, & where are we going to put that one"

[SVboy]

To the OP...was this the RR that Avon City sold a while back?

[Wessa]

To the OP...was this the RR that Avon City sold a while back?

No svboy, i bought it just outside of Christchurch a couple of years ago then restored it.
I am in Christchurch now but wasnt at the time i bought it.

I will try to post a pic.. ;)

[jellywrestler]

The interested person will not worry about the cost as someone said.

money is a dirty word when it comes to old motorcycles in my mind, but it is there and a large part of it.
I don't beleive your statement to be correct as most people who have the kind of money you're mentioning will not want to throw it away, are just as likely to find one abroad and ship it in so it has to be priced well.
Another point is few people like to be seen to overpay for stuff, even if it is an investment, they say a fool and his money are soon parted but seldom fools actually have money....
sometimes just cause something is rare means it's harder to value than something that is common, maybe this is one of those cases?

[Wessa]

money is a dirty word when it comes to old motorcycles in my mind, but it is there and a large part of it.
I don't beleive your statement to be correct as most people who have the kind of money you're mentioning will not want to throw it away, are just as likely to find one abroad and ship it in so it has to be priced well.
Another point is few people like to be seen to overpay for stuff, even if it is an investment, they say a fool and his money are soon parted but seldom fools actually have money....
sometimes just cause something is rare means it's harder to value than something that is common, maybe this is one of those cases?


JW. I like your reply.
Yeah, people dont throw money away, as i wouldnt, and your right about shipping one. Im considering shipping a car to NZ from the UK..
It is rare and i can only gauge what its worth by what i can compare it to, to which there arnt many to compare to.
I personally would not pay $20k for it. As much as its rare i value it at $10k max.. I guess if i value it at that then why would i ask for more, which i wouldnt..
I was just trying to gauge if this sort of bike would be of interest to someone.

If no one is interested in it then it becomes just another bike, investment or not eh..
Anyway, i will keep it on its stands and just let it get older.. ;) maybe take it around Ruapuna now and then..