April 25, 2012
New York, NY - Motorcycle Industry News
Cyril Huze Post
Last Saturday a 1903 Indian motorcycle sold at auction for $155,000. It was announced by the auction house as the known oldest motorcycle from Indian that began selling bikes in 1902. It is one of only three built in 1903.The auction was won via a telephone bid from a motorcycle collector from New York City known only as Georgio. The 1.75-horsepower single-seater hasn’t run in over 80 years and except for a few nuts and bolts used for early repairs, is almost all-original. The bike hung on a dentist’s wall for 30 years and was later stored in a garage, and then in a basement, according to the auctioneers.