Hagerty adds motorcycles to its valuation tool kit

The Hagerty Price Guide is being expanded to include classic motorcyles as well as four-wheeled collector vehicles.

The latest guide, published on the Hagerty Valuations Tools website, includes some 9,200 bikes built from 1894 through 1996 by 61 different manufacturers. Bikes are priced in four levels of condition. Also provided are model histories, current and historic pricing, and recent auction sales figures.

“Motorcycles are one of the fastest growing segments in the collectible vehicle market,” McKeel Hagerty, chief executive of family-owned insurance and valuation company, said in a news release.

“The recent interest is inspiring enthusiasts to pull their bikes out of long-term storage to enjoy again and share with the next generation. From a collecting standpoint, motorcycles are very approachable because many can be purchased for less than $10,000, and they take up very little space in your garage.”

The most expensive motorcycle listed is a 1903 Harley-Davidson Single in No. 1 condition. It is valued at $15 million, nearly 10 times the value of the highest price ever paid for a motorcycle. Only one such ’03 Harley Single is known to exist and it is housed within the Harley-Davidson museum in Milwaukee.

The highest price paid for a motorcycle was the $1.62 million paid for the “Captain America” Harley Panhard that was used in the Easy Rider movie. The bike sold in the fall of 2014 at a Profiles in History auction.

Hagerty reports that the number of motorcycles offered at collector vehicle auctions has nearly doubled within the last 12 months and that demand for vintage motorcycles among collectors has grown by 50 percent from 2010 levels.

Hagerty’s statistics show that while bikes from the 1920s have increased dramatically in value, those from the ’70s and ’80s have remained relatively flat in price.