What’s Velo?

Vélo is the French word for bike.

Minneapolis Police Auctions

About once a month, the Minneapolis Police Department auctions somewhere around 100 bikes.  I recorded the sale price of all 100 bikes auctioned this afternoon, and created the following histogram (click to enlarge) and descriptive statistics:

Sum = $6,590 Max = $550 (Bianchi Veloce, a rare find….) Min = $5 Average = $67  ($62, not . . . → Read More: Minneapolis Police Auctions