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Post Info TOPIC: Oldest known American motorcycle sells for $155,000


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Oldest known American motorcycle sells for $155,000




Wolfe Industrial Auctions, a company known for industrial equipment auctions, ventured into the classic car and vintage motorcycle realm this past weekend with the sale of numerous antique cars and bikes, including what was reported to be the oldest gas-powered production American-made motorcycle still in existence.

The bike – a 1903 Indian, serial number 548, which had been owned by Charles Adler Jr. since the 1950s and made a public showing at Daytona Bike Week earlier this year – sold for $155,000.

Indian, founded in 1897 as the Hendee Manufacturing Company to produce bicycles, built its first prototype motorcycle in 1901 and first sold motorcycles to the public in 1902. However, Steve Rinker, owner of Buck’s Indian, a restoration shop in Romney, West Virginia, said that most of the limited number of Indians built in the 1902 model year were disassembled for their parts to be used on 1903 production models. The bike is thought to pre-date any 1903 Harley-Davidsons, and the low serial number indicates it was certainly one of the first few 1903 Indians.

 

 

Other vehicles of note in Saturday’s auction included a 1968 AMX, which sold for $31,000; a 1939 Indian Four with lower end restoration, which sold for $50,000; and a 1964 King Midget in need of restoration, which went for $2,700.

 



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that old bike is cool to look at.and to think, it was state of the art in its day.

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