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@EEI
Pistoffski a fence? He runs a bike repair shop in Hackney, you dickwad!
Let me break it down for you - people buy bikes, brake them down, others buy the parts and frames, polish the parts, grease the bearings, put them together and sell them for profit.
James visits auctions and picks parts and frames he can salvage. Then he builds them up and sells them. Or the opposite - buys neglected bikes on cheap, takes them apart and voila! Not a mystery like with magnets.