we have had this happen a few times.
the first time, we did a raffle and sold tickets for five dollars. it was a pair of bikes and we ended up pulling in around $350 for them. people were allowed to buy more than one raffle ticket, and we advertised for it and raffled them off at a picnic. it was a fair way to offer people a chance at getting one of the bikes without having to have a lot of money.
the second time, we decided to do a silent auction. we keep an auction sheet at the front desk and anyone can bid on it until the auction ends. our first auction is underway right now so i can't tell you how it went, but i will in a few weeks! we started the bid sheets on two bikes at $100 and another at $50.
Pretty much, we consider such bikes a luxury and upcharge for them, cash only.
We have 2-3 core mechanics at our shop gather around the bike when it comes in, and decide, based on the bike's condition, work needed to make it sellable, etc. what a fair price is for it. Typically, we won't sell above $200, unless it's something ridiculous that needs to go on Craigslist and get market value for.
I think it's a good system, because most of our bikes that come in are earned through 5 volunteer hours in the Earn-A-Bike program or are built up for an equivalent membership fee ($35).
Best,
Leslie
Durham Bike Co-op--On Sun, May 23, 2010 at 10:07 AM, Shah Mohamed <realbrew@gmail.com> wrote:
As a volunteer for Charlies Freewheels we would simply sell the bike in the regular market and put the funds toward supporting the program. We have had 3 or 4 bikes now that have gone that route due to the high end nature of the bike or the antique/collectors appeal of the bike.Shah M.--On Sun, May 23, 2010 at 9:54 AM, R Points <poster@richpoints.com> wrote:
Expensive bikes pay the bills, it's as simple as that.
Rich
Brian wrote:Hi everybody. What policies do you have or not have concerning work/help with expensive equipment. For example, what are the scenarios in your shop when a full carbon Campy Record bike walks in the door? I could be more specific with questions, but perhaps you could just comment on what discussions you've had among your organizations.
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Leslie Peteya
1008 N. Gregson St.
Durham, NC 27701
(919) 280-2095
lesliepeteya@gmail.com
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