Greetings all, I have just been presented with a question from a fellow who knows my interest in bikes but the answer is beyond me. He has been given right of first refusal to buy what he describes as a 1965 BSA Hornet with no miles. He would like to pay the widow fair value. I have not been told much other than it was bought as NOS from a dealer in the '70s, and remained un used. It is a Hornet with no lighting. It is apparrently quite clean and rust free, nubs still on the tires, etc. He thinks it could be a good investment if he can come up with whatever its worth. I tend to agree based on the little I know anyway. Anyone have any thoughts on value if it is indeed as described? Thanks
If it is a Hornet then it is a '66 or '67 model. A '65 would be a Spitfire Hornet, the predecessor to the Hornet. Model years began in the prior year (similar to cars), so '66 model year bikes actually began about September '65. But you probably already know all of that.
Anyway, it would helpful to know what the frame and engine numbers are so as to determine what year and model it is, as there is somewhat of a different following of interest between the Spitfire Hornets and the Hornets.
I doubt I or anyone knows what an NOS '65 or '66 is worth as there are so few of them, if any; well one that we now know of; but I do know what the costs are to restore to concours/showroom condition using original and NOS parts. Depending on the acquisition cost of a bike, the cost for parts and service (machining, re-chroming, etc.) labor excluded, puts it in a 5 digit category. That does not mean a bike is worth that on the market, as cost does not typically create value.
1967 BSA Wasp 1967 BSA Hornet (West Coast Model) 1967 BSA Hornet (East Coast Model) 1968 BSA Firebird Scrambler 1968 BSA Spitfire Mark IV
Assuming that the zero miles story is accurate (no way to really verify, as these had no speedometer and even then it's not hard to alter), with these kinds of bikes, it seems that an unused (and normally unuseable) original from-the-dealer bike with usually double the value of the bike over an excellent restored original. Given this, I suspect Gary isn't too far off with his estimate since restored bikes have been selling in the 5-6K range. High-publicity auctions will go higher, of course and if someone with a big wallet gets a taste, prices will also be inflated. So, if you brought it to Antiques Roadshow, I'd give it an estimate of 10-12K.
A smattering: '53 Gold Flash '67 Royal Star '71 Rickman Metisse '40 Silver Star '37 Rudge Special sixtyseventy Lightboltrocket road racer...and many more.
If he is going to flip it he should give her $5000- 7500 depending on what kind of person he is I guess. A true 0 would be easy to insure or appraise at 10k my guess, if it was in the back of Classic Bike in the eighties you could expect $14000-20000us. That was during a recession too. That is if the drain bolts and screws are checked with a magnifying lense to see shine points from tool pressure. Brake shoes checked for wear, inside rear swingarm dirt/chips from riding. There was a '66 at the Trev Deeley colection and a '65 KC but not at the show I don't think but maybe at the old display building. Some one would have pics, http://www.deeleymotorcycleexhibition.ca/the-exhibition/our-collection.htm They had Steve McQueens desert racer on display and I.... good handle bar position I'll just say that. LOL! that would cost ya $125k to 250 at a big auction but won't be sold I hope but put back on display.
Low miles are easy to determine just take apart the front end and look inside the wear in there will tell all. Record all the pictures for showing the results, to all that matter that will be proof enough. I had a 66 with 50 miles on the clock I did not believe it till I took the front end down for a look.
norbsa 1960 TR6 1963 Super Rocket 1965 650 Star 1966 441 1968 Thunderbolt 1969 Twinkle 250 1972 Fastback 1974 Roadster 1970 S.S Way too many BSA's not named http://decentcycles.com