As I’ve come to understand more about bikes over the last few years, I’ve learned a few things, usually the hard way. I found out that vintage bikes are fantastic value for money and really not that much different to ride than modern ones, especially if you get one with a good Reynolds 531 or Columbus SL steel frame. Whilst riding L’Eroica last year I cycled alongside one guy who had rescued his bike from a skip and another who’d bought his for £10 on eBay. It’s always possible to find a very respectable, sometimes vintage, 1970s, 80s or 90s bicycle online for £100 to £200, often less, and these bicycles will never depreciate. Pay that kind of money for a new bike and you have something that will not only be heavy and horrible to ride, but that will depreciate to almost nothing within a year. As I’ve come to know more about bikes, I’ve moved from maintaining them to building them.
I like nothing better than to get hold of nice old frame then search out the parts to make up a new-old bike to add to my collection. But here’s an expensive lesson. If you buy individual components, even second hand ones, you end up paying a lot of money for the bike – far more than it’s worth after it’s been lovingly assembled. Fortunately, the solution is pretty simple. When you want a pair of wheels, or other parts for that matter, buy a complete bike. Strip it down for the parts you need then sell the remaining ones individually. That way, you’ll get the wheels free, and perhaps make a profit. Of course, the temptation is then to hang onto the frame and other parts of the second bike, and start going through the process all over again. It’s probably safest to buy a bike that you don’t like.