The Fuso frame pictured above, recently sold on eBay for $303, which seems to be about the going rate for a frame and fork. I would consider this a fair price.
The frame was listed as undamaged, but the original paint showed signs of normal wear and tear, with a fair amount of chips and scratches. My advice would be to build this frame up into bike up and ride it, as is. If you start thinking about re-painting, a good paint job will set you back $700, or more.
Now you have $300 the frame cost you, plus $700, $1,000 invested. Not including the cost of shipping when you bought it on eBay, and then the shipping to, and back from the painter.
Fuso frames or not rare, I built around 2,400 between 1984 and 1993. So the best option is to ride this bike as is, and wait for another to come along with paint in better condition. There were a lot of Fuso bikes that were bought on a whim, then hardly ever used. Rarely does a week goes by that one or two frames I built come up on eBay.
So if one comes up for sale in the size you want, be prepared to pay a little more if it has really nice paint.
It will still be hundreds of dollars cheaper than refinishing, and original paint will retain a higher resale value than a repaint.
Don’t forget too that the original frame you bought for $300 you can put back on eBay and get most, if not all your money back.
Here is where I don’t quite follow the logic behind some eBay bidding. It seems people balk at paying much over $300 for a frame and fork. But as I have just explained if you paid $200 more for really nice paint, it is far cheaper, and better than buying a beat up frame and refinishing.
Plus there is this to consider. The beat up frame probably has been ridden hard for tens of thousands of miles, whereas the frame with pristine paint has had little use, with no more than a few hundred miles on it. It is as if you had gone back in time and just bought it from a bike store.
Take for example this bike shown above left, and below, it was listed recently at $1,400 and had no bidders. The going rate for a complete bike seems to be between $500 and $800. Rarely does anyone bid on anything over $1,000. Regardless of condition, which is what I don’t quite understand.
The original finish on this one is really nice with just a few minor nicks in the paint. It has top of the line Campagnolo components, with Delta brakes. These alone would resell on eBay for $250 or more.
This next Fuso Lux bike is another. (Below.) Currently listed on eBay at $2,000 “Buy it Now” price, or auctioned starting at $1200. I have followed the history on this one. About a year ago, this frame was new in a box, stored in someone’s attic and never used. The current owner bought it and built it up with modern Scram components. Then the owner found it was a tad small for him. Hence it is on sale.
This is a Fuso “Lux,” the top of the line, no expense spared model. It was brand new a year ago, and you could not have got me to build a frame a year ago at any price. The circumstances of this bike are rare and the $2,000 price tag, I think is fair.
Of course I realze people will pay what they can afford and what they think an item is worth. Maybe most just want a bike to ride, and nice paint is not an issue.
I would like to point out that I don’t know any of the people selling these bikes or frames that I have mentioned, and I have no financial interest in any of these sales. I just don’t like to see people get ripped off, whether they are a buyer or a seller.
Here are some tips to consider when buying a used frame or complete bike on eBay.
1.) Don’t buy a frame with the front fork missing. Ask for the fork. Was it damaged in a crash? A bent steel for can be safely straightened, but expect to pay a greatly reduced price. Also make sure the top and down tubes are not rippled.
2.) When buying a complete bike, look at the components. I built and sold frames to bicycle dealers who then built them into complete bikes. Often they were assembled with cheaper components to keep the cost down. The idea being that the owner would upgrade later. This rarely happened, so when such a bike comes up for sale, bear in mind that the frame is the only thing of value. The rest of the bike’s components have little resale worth.
3.) Most top of the line racing bikes built back in the day had tubular tires, nice lightweight clinchers were not available back then. Keep in mind you may have to re-build or replace the wheels and buy tires. Wheels for tubulars (Sprint rims.) do have some resale value on eBay, especially if they are in good condition. You may be able to recoup a large part of the cost of replacing the wheels and tires.
4.) There were more frames built in the mid sizes. But then again it is the mid sizes that are still in demand today so there will be more people bidding. There were fewer very small and the very large frames built, so these will come up for sale less often. But again the small and larger sizes are in less demand. You may get a bargain because you are the only one bidding, but if there are more than one bidder the price may go high.
5.) Don’t get carried away. Decide ahead of time how much you are prepared to spend and stick with it. If you get beat by $3.00 it does not mean if you had bid $4.00 more you would have got it. The other guy may have been prepared to go much higher, you were the second highest bidder and when your highest bid was reached, the next guy got it for just $3.00 more.
6.) Don’t bid early. All that does is push the price up. The only exception is, if you can’t be home when the auction ends. Enter the highest amount you are prepared to pay just before the action ends. This does two things, it gives others less time to counter bid.
Possibly more important, if you are outbid, you don’t have time to counter again. Because be honest, you decided before hand how far you were prepared to go. There should be no regrets, it sold for more than you were prepared to pay.
If you have regrets, then you were actually prepared to go higher, and probably should have done so. Either way you will just have wait for the next one to come along, and it will. There is always another day.