The highly anticipated first of three auctions of vintage bicycles and memorabilia from a recently closed New York-based museum earlier this month brought in a jaw-dropping half-million dollars, about 150% of what the auctioneers predicted.
The highest bid item sold at the auction turned out to be the 1892 Geared Front Drive Telegram, at right. …

The photo’s owner is a descendant of the woman on right side of the photo.
One of the world’s largest collections of vintage bicycles and bicycling memorabilia is hitting the auction block in three installments, beginning December 1.
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