In all passions you will find lovers and users. The vintage motorcycle passion, looking backwards towards a rose-tinted youth seems to have more than its share of both. Most vintage motorcycle enthusiasts are into the hobby because they either had a particular model or dreamed of owning a particular model way back when they were freshly weaned from the teat of childhood. Powerful first impressions drill that Yamaha RT1 or Kawasaki Z1B into a youngster’s brain like the clean, soapy scent of their first girlfriend’s hair.
Dreamers will spare no expense to make the fantasy whole, a living breathing relic of their past that they can ride today. The sounds of an old two-stroke twin can bring tears; the fierce kickback from an ancient thumper calls forth the rare, crystal clear memory along with an aching foot. When the time comes that they must sell their pride and joy to pay for an assisted living facility, Dreamers care about the motorcycle going to a good home, to someone who will appreciate the motorcycle as much as they did.
Not so the Flipper. The Flipper sees everything in dollars and cents. His only concern is extracting the maximum amount of cash from the Dreamers. The Flipper appears to share our enthusiasm and in fact may be knowledgeable about old motorcycles but his is a clinical, product knowledge. The Flipper could be selling Pokémon cards or Barbie dolls still in the original packaging and feel nothing for any of it.
The Flipper, egged on by TV shows glorifying the act of preying on the uneducated, scavenges the countryside looking for old motorcycles to buy at below market rates. Or steal in real terms. He then raises the price to astronomical levels and pops the thing on eBay to watch the Dreamers bid the thing even higher. Widows, children settling an estate or ex-wives exacting revenge on unfaithful husbands fuel the Flipper’s trade in misery.
Some Flippers don’t bother to learn their product line. You’ll see them on vintage motorcycle chat sites posting up a part or an entire motorcycle and asking, “What is this and what’s it worth?” They actually want to know model and year so they can eBay the thing. It’s a lazy Flipper that buys on appearance alone.
There’s nothing inherently wrong with the buy low-sell high business model except when passion enters into the process. Flippers, through their actions, drive up the cost of vintage motorcycling for the Dreamers. His great financial gains encourage other Dreamers to sell out their childhood memories and become Flippers themselves. With a finite supply of product this process of devouring our own eventually attracts the Collectors.
Collectors have a Flipper’s business sense along with the money to back it up. They don’t need to sell anything ever. When a collector dies an auction house usually disposes of his motorcycles to an audience comprised of 90% Collectors and 10% Dreamers. Flippers know there are no good deals at an auction. By withholding product from the market the Collector also helps drive up costs for those of us who just want an old motorcycle to ride.
This cycle of driving up costs continues until people who don’t really give a crap about them own all the old motorcycles. The Dreamers are priced out of the market and go on to other hobbies like heart surgery or knee replacement. As the generations that originally desired the motorcycles begin to die off the prices will drop and the Flippers, seeing a contracting market, will move on to destroy another fun, economical hobby. Like model trains.
There is no solution to the Flipper problem. Events must follow their course and human nature cannot be denied. Profit wins over passion every time. It’s enough that we loved the old bikes for what they were. Our memories will not be for sale.