IN IT FOR THE MONEY

According to economics theory, a motorcycle has an initial value based on production costs, but after its theoretical utility is spent, that value diminishes rapidly, with rock bottom being the price of scrap metal. This was the case for most of the 20th century, when, say, a shiny new 1918 Harley-Davidson “J” was hopelessly outdated by 1929 and typically junked.

Individuals who