The trouble is to know the true condition of the machine. Clearly, this is silly money, but I agree with Adrie from personal experience having completely rebuilt my VH (it cost me £150 in 1975 - too much, but I was young and fell in love with it) I have spent more than its market value, but then again I don't know what that really means.
To put things in perspective, everything was worn so everything was replaced. Why change a chain if the sprockets are worn, to not renew the sprockets at the same time is to send good money after bad..... but it all adds up very fast.
I do know that my machine (almost ready now) is like new and if I look after it, will probably outlast me!
I think the problem that we all face is that even basket cases are going for silly money and it is questionable whether a lot of them are worth what is being asked, considering what it will probably cost to find replacements for missing bits plus the rest! (but it is fun doing it yourself and a source of great personal satisfaction)!
I wouldn't mind a replica spitfire (if only I could afford the fuel)!
AOMCC Member 4296
1950 Rigid Ariel VH
1951 Rigid Ariel NH (under construction)
1973 Norton 850 Commando Interstate