I know where there is a prewar skip tooth Columbia leaning against a trailer and has been for the last year and a half. About a year ago I asked the guy if I could buy it and he said he didn't want to sell it cause it was his only bike he just needed to put new tubes in it and it would be perfectly ridable, even thought it has 60 years of rust on it. But the bike has not moved from the same spot ever since. One of these days I'm just going to stop by his trailer and pin $50 to the door with a note saying your an abuser of fine craftmanship and just take the thing!
Its funny cause I see adds all the time on CL from guys wanting to buy your older rare and very desirable motorcycles. Its very frustrating because you know that guy is only in it for the money he's going to make after reselling it to some collector with wads of cash. They'll lowball you to death telling you what you got isn't worth snot, even though its exactly what he's been looking for all this time. Truth is, it might not be worth much in a totally unrestored and ratty condition but once you've seen the Antiques Road Show a few times all the junk in your garage or attic is now worth a fortune to someone.
I don't know man, my though on it is if your going on a fishing expedition for rare 40's, 50's and 60's bikes you really should expect mostly dumb sharks while looking for that illustrious 100lb tuna. It comes with the territory. I've got a friend in Denver who travels around to dozens of bike swaps a year. All over the country dragging along 20 or 30 bikes on a trailer to sell and swap for other more rare resto projects. He once told me that just in the last 10-15 years the number of well informed hobby collectors and bike builders has quadrupled and he's seen many prewar junk bikes that should be thrown in the trash selling for over $1000, and guys are willing to buy a very rough project at that price. But then again he's scored a few Hawthorns for the trade of a few 60's Schwinn's. I guess it's all relevant, some times you get the bull, but most of the time the bull gets you!
Later Travis