Just think it’s overkill. And so what if it is: at that age condition is the most important at thing. People buy a wreck for big money, renovate (ie fit lots of new parts) and spend a fortune doing it. How is a renovated vehicle any different to one on the register and repaired?
The market disagrees though, my 996 would qualify as renovated, its an honest bike with no horror stories in its history. a bike on the register has a recorded past, one that warranted being written off, unless it had a complete set of pictures and bills for its subsequent 'renovation' I wouldn't touch it with a bargepole, unless it was super cheap, same would go for a car ... I can either afford a straight one, or I can't, but I wouldn't be buying a previously trashed one. I'm far more the profile of the mass market than those that see an 'opportunity', and its the mass market that sets the price.
And these the rub yours has been down the road iirc, as many have and not recorded. I’ve done the same in the past. I get the point re a ‘valuable’ old bike.
My 996 has never been down the road to the extent that it would be anything close to a write off !!! And technocally its only been 'down the track' ..... lol
Likewise I had an R6 stolen in central London and picked it up the same day from the police pound. A patrol car had caught them lifting and loading it in the back of a van with three other bikes. Didn’t mention it to the insurance.
These points are 100% valid. They have everything to do with owning a bike; but they have nothing to do with the market value. Personally I would happily buy a cat C bike -still damaged or renovated- but not at 20% above what the public at large feel is the correct price range.
Probably no more than a track bike though... At that age, I wouldn't worry - buy on condition and because you want it.
