“Mega Find” – 5,000 Classic Motorcycles Stashed In Barns
The Federal Reserve’s quantitative easing and Treasury’s fiscal stimulus have resulted in the greatest monetary experiment of all time. The result of trillions of dollars pumped into the economy has lifted prices of all assets, everything from the stock market to homes to baseball cards to crypto to classic cars and motorcycles.
Last week, readers were one of the first to know about a rare 1955 Porsche 550 Spyder found in an old shipping container in a remote area of Orange County, California. The last time a 550 Spyder of this type went to the auction block, it sold $4.5 million three years ago.
As limited antique production cars or other forms of rare vehicles become more valuable (thanks Powell), people have been on a quest across the country searching for the next big find.
The latest barn find was reported by Hagerty Classic Cars of a man who stashed thousands of classic motorcycles in 12 barns.
“There were so many bikes we had to go back,” Hagerty said.
In total, some 5,000 classic motorcycles were found, including “a slew of significant Japanese bikes, over 200 Triumphs, bikes with Wankel engines, you name it,” said the classic car website.
Some of the rarest motorcycles in the world found in the barn find, like a Velocette Venom Thruxton, Norton Dominator, Vincent Rapide, Triumph Bonneville, and a factory BSA 650 Road Rocket in a Goldstar frame.
In March, the Hagerty Market Rating for classic cars in North America registered in the “superheated” territory, a sign that prices are becoming overbought.
The latest barn find of thousands of classic motorcycles would make Mike from American Pickers smile.
Sun, 04/11/2021 – 23:05