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BigMike's Grey Ghost Restoration

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Old Jan 28, 2026 | 09:46 AM
  #101  
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Originally Posted by BigMike
I have no idea how many hours I spent on it. Maybe 200+
Parts, supplies, special tools, hardware, etc., including the cost of the bike and shipping is about $18,200. The bike was whole but everything was in very poor condition. The tanks had so much rust in them I got a set from a '96 Softail that were in great condition. The front fender was bent and the rear fender had rust between the fender and rear taillight support that is riveted inside. I got a like new front fender from a 95 Fat Boy and a rear fender from a 92. Much of the chrome was pitted as well. The good parts were the drivetrain. While it leaked, the engine only had 17k on it. When I tore it down, I could still see cross hatch marks in the cylinders and the rings were well within spec. The Baker OD6 didn't have many miles on it according the guy I got it from. He was selling it for a friend who's father was the original owner and had passed away.

I built as a Day 2 restoration and the quality is well above rider quality but it isn't a Concours bike either. It's a beautiful bike that is just like new that can be ridden all day long.
Thats the bitch about restoring an old machine. Once you figure out how much time and money you've dumped into it, you realize theres no way you'll ever get anything close to that much back out of it.
Thank goodness theres still people like us around who appreciate these old beauties enough to keep them running and looking good.
 
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Old Jan 28, 2026 | 10:58 AM
  #102  
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Originally Posted by BigMike
…I built as a Day 2 restoration and the quality is well above rider quality but it isn't a Concours bike either. It's a beautiful bike that is just like new that can be ridden all day long.
Totally, totally get it!
 
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Old Jan 28, 2026 | 11:06 AM
  #103  
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Originally Posted by Bubba Zanetti
Thats the bitch about restoring an old machine. Once you figure out how much time and money you've dumped into it, you realize theres no way you'll ever get anything close to that much back out of it.
Thank goodness theres still people like us around who appreciate these old beauties enough to keep them running and looking good.
A couple of years ago the Grey Ghosts were selling for 18k-25k. Now really nice, original examples go for $12k-$16k and average quality $8l-$10K. Not sure how many people realize it when they buy a 35 year old bike that it should be gone through before jumping on it and riding it. Wheel bearings, bushings, brakes, leaks, etc. I'll enjoy riding this one for a while and then see how the market is for them. I wasn't looking to sell a '65 F250 I restored but at a car meet, a guy asked if it was for sale and I told him "everything is for sale for the right price". He threw out a price and I sold it to him!
 
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Old Jan 29, 2026 | 08:18 AM
  #104  
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I wasnt aware those bikes were selling for that much. Good to know.
 
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Old Jan 29, 2026 | 08:58 AM
  #105  
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Originally Posted by Bubba Zanetti
I wasnt aware those bikes were selling for that much. Good to know.
There was one on FB Marketplace in the Asheville area for $10K. May still be there.
 
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Old Jan 29, 2026 | 10:20 PM
  #106  
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They have one selling at the Mecum Auction here in Vegas Friday morning.
 
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Old Jan 30, 2026 | 06:31 AM
  #107  
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Never, and I mean never, count up all the money you spent on an old bike. And for damn sure don't add in your time, always be upside down. Don't do it for money, it doesn't work that way. We do it because we enjoy it, the best part being riding them. Carry on.
 
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Old Jan 30, 2026 | 07:21 AM
  #108  
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My wife, watching all these parts arriving over the past few months:

”How much are you spending on this bike? Shouldn’t you have just bought a new one?”

Me: “Uh…. Nope!”
 
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Old Jan 30, 2026 | 07:37 AM
  #109  
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Originally Posted by Architect
I do not understand why no one is making the tool the correct size for HD, maybe SnapOn sells a $300 version that fits without grinding.
Jim's makes them. $125 on Amazon.
Amazon Amazon
Not cheap but they work great. I've had mine for over 25 years and used it a lot, but I'm a mechanic (part time at this point).

Nice job on the restoration and congratulations on finding out why most restoration shops don't make money. 😁 I've got a '92 Fatboy that I bought brand new, did a frame up when I wrecked it about 12 years ago, but I didn't do a resto, I just put it back together mostly the way it was but cleaner. Straightened and powder coated frame and swingarm, new parts as necessary, but it wasn't even a Day 2 restoration, it was "put it back the way I had it because I rode it for years and loved it" restoration. 170,000 original miles, never rebuilt the bottom end. It's sitting in the back of the garage now with a base gasket leak that didn't fix with a quick gasket replacement, but this summer it'll be gone through. I'll probably still leave the cases alone. I'd pretty much guarantee that in the past 34 years I have more than $18,000 into it and I don't ride it much, but if I sell it, we're probably talking $3500. I don't need the money, so the bike stays.

Thanks for the complete and detailed thread. I enjoyed reading it and had the advantage of not finding it til today so I didn't have to wait months to see the next installment.
 
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Old Jan 30, 2026 | 08:26 AM
  #110  
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Originally Posted by s-glide76


They have one selling at the Mecum Auction here in Vegas Friday morning.
Anyone know what this beauty sold for?
 
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