Cruiser bicycle Sears, Roebuck and Company, the Elgin Motor Bike was advertised, and the term motor-bike was explained as follows, "The term "Moto-Bike" has reference only to the type of frame, meaning that it is built on the order of a motorcycle". Schwinn was one of many manufacturers who contributed to the development of the cruiser at a time when U.S. bicycle sales had declined sharply due to the Great Depression; adults purchased few bicycles, which were seen as luxury products intended largely for sport or recreation. In response to other manufacturers' innovations, Schwinn conceived their own sturdy, affordable bicycle designed for
Butterfly Trek Madone Butterfly Trek Madone The Butterfly Trek Madone, an artwork utilizing a bicycle by Damien Hirst, became the world's most expensive bicycle when it was bought at auction for $500,000. It was designed by Hirst, who used real butterfly wings that were placed onto the actual frame and rims of the bicycle. The bike had been ridden by Lance Armstrong in the 2009 Tour de France. The "Butterfly Trek Madone" currently holds the title of the most expensive bike sold in the world. The second most expensive bike ever sold was the Trek Yoshitomo Nara Speed Concept that was sold for