As far as motorcycle auctions go, they don't come much more anticipated than this one. Steve McQueen may have been the world's highest-paid actor, but he was also a motorcycle rider who represented the USA in the International Six Day Trial, the world's oldest international off-road competition, and was an international class racing car driver. Therefore it's unsurprising that people sit up and take notice when motorbikes from his collection go up for auction.
One of the highlights of the upcoming Steve McQueen auctions includes a 1936 Indian Chief, which has an estimated value of $80,000 to $100,000, even though it is expected to sell for far more. The bike comes with a certificate of authenticity.
This highly anticipated motorcyle auction will also comprise a 1912 Harley-Davidson X8E Big Twin and a 1971 250cc Husqvarna Cross.
Legendary Motorcycle Auctions
The Upcoming Steve McQueen Auction Comprises Legendary Motorbikes
Trend Themes
1. Celebrity Motorcycle Auctions - The auctioning of legendary motorbikes from famous individuals such as Steve McQueen is posing as a growing trend.
2. Rarity & Authenticity in Motorcycle Collectibles - The demand for rare and authenticated motorcycle collectibles is creating opportunities for auctioneers and collectors alike.
3. Digital Auction Platforms for Motorcycle Sales - Innovative digital auction platforms tailored to the motorcycle industry can provide a new way for buyers and sellers to exchange rare and collectible bikes.
Industry Implications
1. Auction Houses - Auction houses can capitalize on opportunities presented by celebrity motorcycle auctions, adopting digital platforms and investing in expertise in the authentication of rare and collectible bikes.
2. Motorcycle Manufacturers - Motorcycle manufacturers can tap into the growing demand for rare and authenticated vintage bikes by investing in authentication and restoration services, as well as leveraging historical context to promote brand identity and exclusivity.
3. Insurance & Asset Management - The insurance and asset management industries can take advantage of the opportunities presented by the growth in the rarity and value of motorcycle collectibles by developing specialized insurance products and asset management services for collectors and investors.