Moto Morini’s bankruptcy has been going painfully slow, but it’s all about to come to a head, as the Italian company will be put up on the auction block April 13th. The Super-Saver Moto Morini package includes all the appropriate intellectual property, assets, and equipment (sans motorcycles, which are being sold separately) for the cool sum of €5.5 million. Should no one want the whole kit ‘n kaboodle, a cheaper price of €2.6 million will be set for the production complex with two years use included. These prices are of course the auction’s guide prices.
UPDATE: Add a 1943 BSA M20 to the list of bike’s available from Paul Teutul Sr.’s personal collection.
Paul Teutul Sr. cannot seem to stay out of the news lately. First the senior Teutul sued his son for ownership of Orange County Choppers, invoking a minority buyout clause that would pay Paul Jr. the market value of the business, which was allegedly valued at nothing, thus robbing Paul Jr. of his shares.
Then just recently at the end of the last week we learned that GE Capital and OCC were in disagreement over the terms of OCC’s loan from the credit company. Displeased by having to pay full-price on a devalued building, Paul Sr. has stopped paying back his loans to GE Capital, which have resulted in the financing firm filing for foreclosure on the custom chopper crew.
Allegedly Paul Sr. has the money, but wanted to sway GE into renegotiating the loan. While we were skeptical of this claim, it’s interesting to note that Paul Sr. has since quietly put two motorcycles from his personal collection up on eBay (a Ariel T-5 & BSA B33).
Using the account of OCC Head Assembly and Technician Supervisor Nicholas Hansford to list the bikes, it looks like at least two more motorcycles (maybe an A&R reader can help us identify them) are set to go up for sale. While Hansford has a video of the BSA B33 sitting in his YouTube channel, two other unlisted bikes (another BSA and a Norton) are included in the channel with video titles labeled “bikes for sale.”
Where there’s smoke there’s fire, and it all sorta makes you wonder what’s really going on in Orange County, New York. More info on the auctions after the jump.
If you’re in the market for a custom Ducati Streetfighter that has more carbon than a charcoal briquette, then look no further than the Shift-Tech Carbon Streetfighter that’s currently up for sale on eBay. The bike has obvious features like Shift-Tech’s carbon fairings, Öhlins everything, BST carbon wheels, Zard exhaust, and carbon disc brakes, but at the heart of the bike is a worked over 1250cc motor that’s been built to out 162hp at the rear wheel, and will surely make a man out of any little boy.
As you slowly pick your jaw off the table, be sure to check out the auction for all the nitty-gritty build details (there’s a lot of work on this bike). While there is only 12 hours left on the auction at the time of this writing, the “Buy It Now” price of $43,500 makes us suspect that we’ll see this Streetfighter listed again in the near future. Thanks for the tip Josh!
Alex Briggs, Valentino Rossi’s mechanic and A&R super friend, has put together the ultimate Ducati MotoGP experience auction, with all proceeds going towards the disaster relief efforts for the flooding in Australia. Called the worst flood in Australia in the past 50 years, the waters have hit the states of Queensland and Victoria with devastating affect since December 2010 (damages are being estimated in the 10’s of billions of dollars), causing Briggs to want to do something for his home country (most of Rossi’s crew hails from Australia as well).
Bringing his cause before Ducati MotoGP Project Director Alessandro Cicognani, the Marlboro Ducati team has gotten behind Briggs’ desire to help his home country, and has put together an attractive offer to help bring awareness to the floods, and raise some money for the disaster relief effort in the form of an eBay auction that will help raise money for the flood victims. Check after the jump for a full description of the auction details.
When it comes to Ducati motorcycles, none stands apart from the rest quite like the MH900e. Designed by the one and only Pierre Terblanche, the MH900e is more like art that you can ride than it is a motorcycle that looks good, which might explain the ridiculously high price tag on an eBay auction that is currently offering two low mileage machines for the measly sum of $995,000.
Before you spit your coffee out, that high price tag comes with a guarantee that 50% of the auction proceeds will end up going to charity (the auctioneer seems to prefer Habit for Humanity, but for that kind of money we’re sure you can pick the charity of your choosing despite words that he’ll “consider it”), which comes out to be at least a $497,500 donation because of the high starting price on the auction.
Of course that still means you are paying half a million dollars for two motorcycles that normally retail for about $20,000 each…but the author seems to think it could get you on TV for your efforts (let’s imagine the on-screen title to that one)…ok, now spit your coffee out. To us it all just seems like a ploy to use a charitable cause to make you forget about the fact you’re overpaying for two motorcycles by about $450,000. Greed is good, but apparently vanity is better.
You gotta love Erik Buell. Say what you will about his motorcycles, but the guy and his team live outside of the box, and it’s awesome. When Geoff May had an off at Miller Motorsports Park, and launched his Erik Buell Racing 1125RR into the air, the result was this busted PVM forged magnesium rear-wheel.
While most teams would throw it into the scrap heap, EBR is instead auctioning it off on eBay to help raise the funds needed for a replacement wheel. That’s entrepreneurship at it’s finest folks. The only thing that makes this auction better, is the description that follows.
To help raise money for the student housing that was toppled by the Aquila earthquake, MV Agusta Corse and Citroën have teamed up and created a special edition of the C2 that will be auctioned off on eBay. Dubbed the Citroën C2 Brutale, the C2 will sport styling cues similar to those found on the MV Agusta Brutale 1078 RR. To help facilitate that task, the design folks of MV Agusta came in, and gave the Citroën its fit and finish.
The Texas Tornado is putting up his leathers on eBay to benefit Yamaha’s charity fundraising. The auction runs until May 28th, and includes his leathers, helmet, boots, and gloves. The winning bidder also receives a pair of tickets and a hotel room for the duration of the Red Bull U.S. Grand Prix held July 3rd-5th.
Edwards will personally hand over the race items in a Saturday ceremony at the Mazda Raceway Laguna Seca. All funds raised will go to Feed the Children.