A few months ago I mentioned what I called affordable classic motorcycles and said motorcycles come and go from the hot sheets of the collectors. If you have one that comes to their attention, you might make a lot of money but if you buy with that intention, you could get burned and not enjoy the experience very much.
Well, Forbes magazine is now writing about collecting motorcycles. They have an article that tells you to do your homework before you plunk down your cash, attend rallies and shows, read Cycle Trader, you know, take a few weeks to become an expert so you can buy the hidden gems out there.
I can’t help but think that anyone reading Forbes who gets the idea to collect motorcycles from an article like that is asking for a lot of trouble and disappointment. I like Forbes, I think it’s a pretty neat magazine, but if the idea to collect bikes never hit you before reading that article, keep your wallet in your pocket, it’s safer there.
On the other hand, at the end of the article they point to the Honda CB750 as an entry point to the collectible market, I agree with them there, many of the Honda CB motorcycles are rising in value, but they go on to say you can still pick up a nice one for $15,000. Excuse me? For $15,000, you can pick up a really top notch Honda CBX and have money left over. Like I said, those guys should keep their wallets in their pockets, unless of course, you happen to have an old Honda for sale. 😉