The Harley-Davidson Fat Boy Arnold Schwarzenneger rode in the 1991 Hollywood film, ‘Terminator 2: Judgement Day’ sold for $480,000. The motorcycle’s sale was handled by Profiles in History as part of its “Icons & Legends of Hollywood” auction, which ran from June 5-8. The bike was originally estimated to sell for anything between $200,000-300,000, but finally it sold for almost twice the estimated amount. The original motorcycle used in the film is believed to be in good condition, and the new owner’s identity has not been disclosed yet.
Here are a few scenes from the film where the Harley-Davidson Fat Boy was pictured:
The Harley-Davidson Fat Boy is one of the most popular models from Harley-Davidson, at least in the 1990s, and it went on to become one of Harley-Davidson’s largest-selling models after Arnold Schwarzenneger used it in the film. The bike first makes an appearance in the film when Arnold’s character enters a biker’s bar to choose a convenient mode of transportation. He picks it up from the parking lot and rides away, and later in the film, the same bike is immortalized in one of the most iconic motorcycle stunt scenes when Arnold’s character jumps the Fat Boy over a bridge into a Los Angeles storm drain.
One of the iconic American companies caught in the crosshairs of President Donald Trump’s international trade war is Harley-Davidson Inc (NYSE: HOG). HOG stock is down nearly 9 percent in the past five days and 20 percent year-to-date, and analysts say there’s still too much uncertainty for long-term investors to buy the dip.
Trump implemented tariffs on European steel and aluminum earlier this year, prompting the European Union to respond with its own tariff on motorcycles made in the U.S. On Monday, Harley-Davidson said EU tariffs on imported motorcycles have jumped from 6 percent to 31 percent, or roughly $2,200 per motorcycle. Tariffs in Europe are now so high that Harley-Davidson says it is shifting some production overseas.
Trump fired back at Harley-Davidson on Twitter Tuesday morning, threatening the company in a series of tweets.
A Harley-Davidson should never be built in another country-never! Their employees and customers are already very angry at them. If they move, watch, it will be the beginning of the end – they surrendered, they quit! The Aura will be gone and they will be taxed like never before!
Following Monday’s disclosure from Harley-Davidson about the impact of the new European tariffs, CFRA analyst Efraim Levy lowered his 2018 Harley-Davidson earnings per share estimate by about 4.1 percent from $3.60 to $3.45. Levy says Harley-Davidson’s 2018 business will certainly take a hit, but shifting production overseas may not be necessary.
While we see a potentially greater cost impact in ’19, we are not yet adjusting our EPS projection, as we think there could be a resolution before ’19 to mitigate the profit impact
At this point, CFRA is not including potential costs of Harley-Davidson shifting its production abroad. “The production shift outside the U.S. would be an ironic response to the Trump administration’s trade policies given its desire to increase U.S. manufacturing activity and jobs,” Levy says.
HOG stock has suffered so far this year, but unless the trade war drags on into 2019 or escalates further, Levy sees limited additional downside.
CFRA has a “hold” rating and $47 price target for HOG stock.