The highly anticipated first of three auctions of vintage bicycles and memorabilia from a recently closed New York-based museum earlier this month brought in a jaw-dropping half-million dollars, about 150% of what the auctioneers predicted.
The highest bid item sold at the auction turned out to be the 1892 Geared Front Drive Telegram, at right. …
Source: http://www.bikingbis.com/2012/12/31/vintage-bicycle-collection-scores-high-bids-at-1st-auction/
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