What is a high valu...
 

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What is a high value bike ?

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https://www.runcornandwidnesworld.co.uk/news/23510876.thief-stole-high-value-nukeproof-bike-stockton-heath-jailed/

About £2000 in Warrington !

Well done judge.


 
Posted : 11/05/2023 6:20 pm
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Anything over £350, based on home insurance policies. If you need more cover then it's a higher value item.
I'd say around £500 is relatively high value for a bike in the real world outside of cycling forums. Most people would probably see that as extravagant.


 
Posted : 11/05/2023 6:30 pm
thols2 reacted
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I believe the average price of a new bike in the UK is around £500. Therefore, anything abve that could be considered "high value".


 
Posted : 11/05/2023 6:35 pm
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Bloody hell, someone getting a spell in clink for stealing a bike. Fair play to the magistrate.


 
Posted : 11/05/2023 6:37 pm
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Anything over £350, based on home insurance policies. If you need more cover then it’s a higher value item.

Unless you insure with NFU where that is not the case.  Had a £800 payout last year with no specific bike or high value cover.


 
Posted : 11/05/2023 6:49 pm
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Nice! Dont think that's the norm though, but happy to be corrected.


 
Posted : 11/05/2023 7:04 pm
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£350 is a wheel. That’s when you know you’re in deep with bikes.


 
Posted : 11/05/2023 7:07 pm
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£350 is a hub. That’s when you know you’re in deep with bikes

FTFY

Edit - though...

£350 is a brake lever. That’s when you know you’re tomhoward


 
Posted : 11/05/2023 7:10 pm
filks and reeksy reacted
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Chainring dear boy, chainring.


 
Posted : 11/05/2023 7:19 pm
integra, towpathman, filks and 4 people reacted
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“£350 is a brake lever.”

How much are Trickstuff brakes?


 
Posted : 11/05/2023 7:56 pm
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£1100 ish a pair. Though you might get lucky with the VAT man.


 
Posted : 11/05/2023 7:58 pm
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Bloody hell, someone getting a spell in clink for stealing a bike. Fair play to the magistrate.

Need to check whether the magistrate has a Strava account 😉


 
Posted : 11/05/2023 8:00 pm
 mert
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I believe the average price of a new bike in the UK is around £500. Therefore, anything abve that could be considered “high value”.

Wasn't that figure from some independent bike store survey? I can remember seeing (some years ago) that IBDs were just under 400 quid and across the industry it's about 120-140 quid. No idea how e-bikes skew those figures though, because it's long enough ago that most e-bikes probably still had nicads...


 
Posted : 11/05/2023 8:21 pm
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A SELFISH thief who helped himself to a high-value bicycle belonging to someone else

not sure it was necessary to point out that the bike belonged to someone else, but at least the reporter was being thorough


 
Posted : 11/05/2023 10:25 pm
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So basically if you claim it's caused emotional distress they get a harsher sentence, high value could mean it means a lot to the owner, and 2k is a lot to spend for some people, hopefully it's the start of thieves actually being dealt with approximately and the law stops treating it like it's a toy that's been nicked and barely make an effort.

I'd have made it 18 months though not weeks.


 
Posted : 11/05/2023 10:45 pm
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I believe the average price of a new bike in the UK is around £500.

Is that the mean or the median price? The data will be heavily skewed so median would be more representative.


 
Posted : 11/05/2023 11:00 pm
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Need to check whether the magistrate has a Strava account 😉

Probably a gavel grinder

(yes, I know they don't use them in criminal courts)


 
Posted : 12/05/2023 6:18 am
IdleJon and hardtailonly reacted
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Bloody hell, someone getting a spell in clink for stealing a bike. Fair play to the magistrate.

I read the story and wondered who's bike he'd stolen - maybe someone known to the Magistrate?

Or maybe he's got history and this wasn't reported.


 
Posted : 12/05/2023 8:07 am
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Where are they finding a Nukeproof Mega retailing at £2k?


 
Posted : 12/05/2023 1:30 pm
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Probably a gavel grinder

In the story it said it was a Nukeproof mega. Which usually cost more than 2K


 
Posted : 12/05/2023 1:33 pm
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Sort of related, but I found out recently that a local high-end road bike specialist's average spend on a new bike and matching accessories is getting close to £20k. TBF, their showroom is more Porsche Dealership than LBS. Utterly absurd.


 
Posted : 12/05/2023 1:46 pm
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Prologue in Harrogate? Can believe it.


 
Posted : 12/05/2023 1:49 pm
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Sort of related, but I found out recently that a local high-end road bike specialist’s average spend on a new bike and matching accessories is getting close to £20k

Prologue in Harrogate? Can believe it.

One coffee and a slice of cake will cover half that.


 
Posted : 12/05/2023 2:05 pm
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To think, when they first opened, the plan wasn’t to sell bikes…


 
Posted : 12/05/2023 2:06 pm
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Steve_b77, you clearly missed my PSA from 3 months ago 😀


 
Posted : 12/05/2023 6:16 pm

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