I’ve sold a couple of bikes. What I did was look at Craigslist and Facebook and see what kind of ridiculous prices were being asked on used bikes. Than I asked myself what would I pay for X bike? Naturally people want to not lose a bunch of money on a bike they overspent on and don’t ride anymore, but that’s not what the value is. I always set my price on what I would pay less $500. Sold my bikes within two weeks on Craigslist.
Maybe I could have made more by holding for months on end but what cost.