Comments on: Guy Bought Rare Schwinn Bike for $350, Found Out It's Worth $100,000 - and Now He Wants to Give it Away! http://www.neatorama.com/2008/07/02/guy-bought-rare-schwinn-bike-for-350-found-out-its-worth-100000-and-now-he-wants-to-give-it-away/ The Neat Side of the Web Tue, 10 Nov 2009 02:03:43 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: DaveTurner http://www.neatorama.com/2008/07/02/guy-bought-rare-schwinn-bike-for-350-found-out-its-worth-100000-and-now-he-wants-to-give-it-away/comment-page-1/#comment-1869570 DaveTurner Thu, 15 Oct 2009 18:57:17 +0000 http://www.neatorama.com/?p=17114#comment-1869570 Been in this shop, messy, disorganized... just another shop where details fall through the cracks. But they are one of the few shops that advertise that they have a president! Not an owner, a president! Hey how about sending these two dorks to Washington instead of the bike, they would fit in great. They have no concept of the value of their assets, they screw over their clients and are completely out of touch with reality. Re-election would not be a problem, just ask Bush! Been in this shop, messy, disorganized... just another shop where details fall through the cracks. But they are one of the few shops that advertise that they have a president! Not an owner, a president! Hey how about sending these two dorks to Washington instead of the bike, they would fit in great. They have no concept of the value of their assets, they screw over their clients and are completely out of touch with reality. Re-election would not be a problem, just ask Bush!

]]> By: Jimi Ramone http://www.neatorama.com/2008/07/02/guy-bought-rare-schwinn-bike-for-350-found-out-its-worth-100000-and-now-he-wants-to-give-it-away/comment-page-1/#comment-1868767 Jimi Ramone Tue, 13 Oct 2009 17:34:21 +0000 http://www.neatorama.com/?p=17114#comment-1868767 This item is a true "don't expect the experts to know what they are doing" story. Vintage Schwinns are going up in value everyday and the shop where this bike sold should have done the research to let the original owner know what he had. Both they, and the owner would have profited greatly. Their main mechanic, a guy named Mike Love, who says he's been in the business for over thirty years, should have known that this bike was special. Dude, might be time to consider a another "career", you just don't have the intelligence to make a go of this bike thing! This item is a true "don't expect the experts to know what they are doing" story. Vintage Schwinns are going up in value everyday and the shop where this bike sold should have done the research to let the original owner know what he had. Both they, and the owner would have profited greatly. Their main mechanic, a guy named Mike Love, who says he's been in the business for over thirty years, should have known that this bike was special. Dude, might be time to consider a another "career", you just don't have the intelligence to make a go of this bike thing!

]]> By: nash http://www.neatorama.com/2008/07/02/guy-bought-rare-schwinn-bike-for-350-found-out-its-worth-100000-and-now-he-wants-to-give-it-away/comment-page-1/#comment-1209515 nash Mon, 24 Nov 2008 05:48:00 +0000 http://www.neatorama.com/?p=17114#comment-1209515 wow i met the guy who bought the bike 'Tom Mault' very cool guy he did donate the bike to smithsonian with the permission and blessing of the original owner !! so why badmouth someone if you dont know the facts ?? would youve done something like that or took the money and ran? i guess everybody isnt motivated by money and greed ,,,2 thumbs up way up Tom your my hero.. wow i met the guy who bought the bike 'Tom Mault' very cool guy he did donate the bike to smithsonian with the permission and blessing of the original owner !! so why badmouth someone if you dont know the facts ?? would youve done something like that or took the money and ran? i guess everybody isnt motivated by money and greed ,,,2 thumbs up way up Tom your my hero..

]]> By: Tim Giachetti http://www.neatorama.com/2008/07/02/guy-bought-rare-schwinn-bike-for-350-found-out-its-worth-100000-and-now-he-wants-to-give-it-away/comment-page-1/#comment-638784 Tim Giachetti Thu, 03 Jul 2008 11:27:14 +0000 http://www.neatorama.com/?p=17114#comment-638784 Tedd, It's called capitalizm. Don't like it? Move to China. Tedd,

It's called capitalizm. Don't like it? Move to China.

]]> By: ted http://www.neatorama.com/2008/07/02/guy-bought-rare-schwinn-bike-for-350-found-out-its-worth-100000-and-now-he-wants-to-give-it-away/comment-page-1/#comment-638751 ted Thu, 03 Jul 2008 11:01:45 +0000 http://www.neatorama.com/?p=17114#comment-638751 The Smithsonian would give him some kind of tax receipt for the donation, so he'd do okay by it. The Smithsonian would give him some kind of tax receipt for the donation, so he'd do okay by it.

]]> By: kid_icarus http://www.neatorama.com/2008/07/02/guy-bought-rare-schwinn-bike-for-350-found-out-its-worth-100000-and-now-he-wants-to-give-it-away/comment-page-1/#comment-637835 kid_icarus Wed, 02 Jul 2008 23:24:52 +0000 http://www.neatorama.com/?p=17114#comment-637835 won't the smithsonian buy it from him? at least for $350? won't the smithsonian buy it from him? at least for $350?

]]> By: lionheart http://www.neatorama.com/2008/07/02/guy-bought-rare-schwinn-bike-for-350-found-out-its-worth-100000-and-now-he-wants-to-give-it-away/comment-page-1/#comment-637798 lionheart Wed, 02 Jul 2008 22:52:56 +0000 http://www.neatorama.com/?p=17114#comment-637798 He will donate it okay?. Don´t talk about profits, the only person that lost is the buyer. He will donate it okay?. Don´t talk about profits, the only person that lost is the buyer.

]]> By: Tedd http://www.neatorama.com/2008/07/02/guy-bought-rare-schwinn-bike-for-350-found-out-its-worth-100000-and-now-he-wants-to-give-it-away/comment-page-1/#comment-637747 Tedd Wed, 02 Jul 2008 21:55:28 +0000 http://www.neatorama.com/?p=17114#comment-637747 Of course I read it, and I read about the grandfather who is probably in his 80s who put it up for sale on consignment not knowing what its worth is. I am not saying that he bought the bike in bad faith, but once he determined its real value, it's the right thing to make sure the old grandfather is given what the bike is worth. Profiting off the naivety or 80 year olds is not morally a great thing to do. Of course I read it, and I read about the grandfather who is probably in his 80s who put it up for sale on consignment not knowing what its worth is. I am not saying that he bought the bike in bad faith, but once he determined its real value, it's the right thing to make sure the old grandfather is given what the bike is worth. Profiting off the naivety or 80 year olds is not morally a great thing to do.

]]> By: jodie http://www.neatorama.com/2008/07/02/guy-bought-rare-schwinn-bike-for-350-found-out-its-worth-100000-and-now-he-wants-to-give-it-away/comment-page-1/#comment-637681 jodie Wed, 02 Jul 2008 20:54:39 +0000 http://www.neatorama.com/?p=17114#comment-637681 i agree thomas. if the guy had purposely bought it for cheap knowing that it was worth a lot, then i'd say he was a rat. but really, $350 isn't like stealing it out from under the guy for $5. if it were me, and i had bought it for $350 and sold it $100k - i would give some of the profit to the original owner just to be nice. but i don't think there is any obligation to do so. plus, super cool that he's donating it to the Smithsonian....i'd sell it! the monkey i agree thomas. if the guy had purposely bought it for cheap knowing that it was worth a lot, then i'd say he was a rat. but really, $350 isn't like stealing it out from under the guy for $5. if it were me, and i had bought it for $350 and sold it $100k - i would give some of the profit to the original owner just to be nice. but i don't think there is any obligation to do so. plus, super cool that he's donating it to the Smithsonian....i'd sell it!

the monkey

]]> By: Thomas Anderson http://www.neatorama.com/2008/07/02/guy-bought-rare-schwinn-bike-for-350-found-out-its-worth-100000-and-now-he-wants-to-give-it-away/comment-page-1/#comment-637676 Thomas Anderson Wed, 02 Jul 2008 20:49:06 +0000 http://www.neatorama.com/?p=17114#comment-637676 @ Tedd "How is this guy taking the high road when he basically screwed over the old man who trusted the shop to sell it at its true worth?" Did you not read the first sentence? "Tom Mault bought this bike for $350 and *later* found out that it was a wise purchase" @ Tedd
"How is this guy taking the high road when he basically screwed over the old man who trusted the shop to sell it at its true worth?"

Did you not read the first sentence?

"Tom Mault bought this bike for $350 and *later* found out that it was a wise purchase"

]]> By: Tedd http://www.neatorama.com/2008/07/02/guy-bought-rare-schwinn-bike-for-350-found-out-its-worth-100000-and-now-he-wants-to-give-it-away/comment-page-1/#comment-637644 Tedd Wed, 02 Jul 2008 19:46:13 +0000 http://www.neatorama.com/?p=17114#comment-637644 If this guy had any morals he would return the bike to the guy who sold it on consignment for such a low price because he didnt know its worth. How is this guy taking the high road when he basically screwed over the old man who trusted the shop to sell it at its true worth? If this guy had any morals he would return the bike to the guy who sold it on consignment for such a low price because he didnt know its worth. How is this guy taking the high road when he basically screwed over the old man who trusted the shop to sell it at its true worth?

]]> By: CheeseDuck http://www.neatorama.com/2008/07/02/guy-bought-rare-schwinn-bike-for-350-found-out-its-worth-100000-and-now-he-wants-to-give-it-away/comment-page-1/#comment-637640 CheeseDuck Wed, 02 Jul 2008 19:41:39 +0000 http://www.neatorama.com/?p=17114#comment-637640 Can I have it? Can I have it?

]]> By: star_light http://www.neatorama.com/2008/07/02/guy-bought-rare-schwinn-bike-for-350-found-out-its-worth-100000-and-now-he-wants-to-give-it-away/comment-page-1/#comment-637628 star_light Wed, 02 Jul 2008 19:26:13 +0000 http://www.neatorama.com/?p=17114#comment-637628 $100,000 for that? $100,000 for that?

]]> By: andrew http://www.neatorama.com/2008/07/02/guy-bought-rare-schwinn-bike-for-350-found-out-its-worth-100000-and-now-he-wants-to-give-it-away/comment-page-1/#comment-637593 andrew Wed, 02 Jul 2008 18:32:06 +0000 http://www.neatorama.com/?p=17114#comment-637593 Good for him! Good for him!

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