I realize we all have to make a living. Food has gone up, gas costs more and the rent is too damn high. Look, I have nothing against businessmen, as long as they play it straight and don’t scam customers. Go for it. Make all the money you can; see if I care. No, this story is about how all of us grease monkey types have forsaken the cool and the funky to become a bunch of soulless stock fluffers: a nation of pump-and-dump Hobby-Hawkers concerned only with what they can extract from the other, equally soulless fluffers.
Take Jeep YJ’s for instance. The square-headlight YJ has been the entry-level vehicle for 4-wheel drive buffs for the last 30 years. Shunned by other Jeep owners, despised for the simple crime of having headlights that actually align with their bodywork, Jeep YJ’s were the bottom rung. You could pick up a running YJ for a couple thousand dollars and hit the trails later that day. Light weight and simple suspension made the YJ very capable off-road and easy to fix when it broke down.
I bought my ’92 YJ for $2800 about ten years ago and the thing has been running good-ish ever since. If you believe the YJ groups I habituate, YJ’s are $20,000 rigs now. I see people posting up rusty old YJ’s for $6000/$8000 dollars. The users of YJ groups love it. Just sitting on their hands their investment (note: It’s no longer a Jeep or something they enjoy; it’s just an investment, like oil futures) goes up several thousand dollars a day. When someone online asks what their YJ is worth, which is every second question after which oil to use, the shills pipe in with ridiculous amounts of money that they themselves would never pay. All in service of bumping up the YJ’s stock price.
I could understand it better if Jeep YJ’s were sort of rare, but Jeep made 685,000 of the things over a nearly 10-year production run. They are everywhere, in fields, rusting in driveways, stacked in Jeep specific junkyards. That doesn’t stop the flippers from trying to run up the price. Everyday the imagined value of a Jeep YJ goes up another few hundred dollars. We may have missed out on Bitcoin but we’re darn sure not going to sell our clapped out old Jeeps for less than the price of a 2022 model. This money grab turns a fun hobby into just another IPO stock offering, something to own for its upside potential, not because you enjoyed it.
It’s the same with old motorcycles. The prices people are asking for any minor part that fits a vintage Japanese bike are just silly. I’m not immune to fluffer-fever. Prices for old Z1 Kawasaki’s have gotten so high I’m thinking of selling mine to cash in before the bubble bursts. My funky old motorcycle has turned into a savings account. And that’s the truly sad part: I enjoyed building the Z1 but now have to worry about where I park it due to its inflated value. I was going to ride it to Mexico with Berk but what if it gets stolen? The bike is no longer fun. In my mind’s eye it has become a stack of dollar bills waiting to be blown away by the slightest wind.
I know I’m ranting here but just once I’d like to log into a vintage motorcycle forum and not be bombarded with Internet shills asking for valuations or offering Jeeps and motorcycles for sale at stratospheric numbers. Old Jeeps, motorcycles and for that matter, vintage cars should mean more to us than how much return on the investment we can get from them. They should reach back into our memories and emotions; they should recall hot-metal smells and loves lost or found; they should be valued and not commoditized.
I guess what I really want is to remember the fun we had with our old cars and bikes before it all became a race to the top. I know the air will rarify and these old clunkers will become like casino chips: traded but never loved except for their monetary properties. You know, I used to hate the way people chopped up vintage Japanese motorcycles and turned them into goofy looking Brat style bikes but now I’m having second thoughts. Maybe by so thoroughly destroying the value of their motorcycles the Brat Butchers are actually saving the old bike’s true value as a motorcycle.
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Read more about the Z1 and other projects here.