I recently upgraded to a carbon bike (Specialized Roubaix) and now I'm trying to sell my old steel bike. I was thinking about selling it on eBay or Craigslist but my housemate is interested in buying it because he wants to get into cycling. I want to recuperate as much of the cost of buying a new bike by selling this bike. But at the same time I don't want to rip off my housemate. So I wanted to ask what everyone, what is my old bike worth?
It's a Univega Modo Volare from 1995 or 1996. Columbus Thron, TIG welded frame with a steel fork. It has Campy components but I can't tell what model it was because they didn't put the model on the components back then. The 2001 model came with Campy Daytonas so I'm guessing they were at least on par with those. However, the shifters aren't brake shifters. They're friction shifters on the stem (better than downtube, I guess).
Wheels are Ambrose Elite. Pretty heavy. I think these are the original wheels. I put new tires on it which have never gave me a flat. I put a new saddle on it, Selle Italia SL, which cost me $90 from the store. I probably put over 1000 miles on this bike when I got it in college in 2008. The condition is definitely used, however, I maintained it myself and tuned it up a couple times in the shop with a few paint chips here and there. Overall, it still looks pretty nice especially with the red and black paint job.
There's a page on Bikepedia for a newer 2001 Univega Modo Volare model which says it went for $1300 back then.
I also found a guy trying to sell the same bike on eBay for $850 for Buy It Now. Then again, it's been listed for a while now and it has newer components etc.
If I were to estimate the value, I would guess around $300-350. Judging from eBay, a lot of steel bikes are going for around there and they're usually in a lot worse condition from the 1980s (or older). Then again, my bike isn't really "vintage" with steel lugs or anything nor a Miyata, Schwinn or Centurion. But Univega was a reputable Japanese brand. It being from the mid-90s would make it worth more or less than steel bikes from the '80s?
So what do you all think?
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Thread: What is my bike worth?