Racor PBH-1R ProStor Bicycle Hoist $16 at Amazon

Be careful walking underneath this thing if one day you manage to "cheat death" like in those realistic Final Destination movies.

Thank you for that insight. Have you got anything of value to say regarding this product or its current price?

This doubles as a speed bag. Hang this from a high ceiling and then turn the pedals with your hands. In two months you can take the title from Apollo Creed.

I bought two of these from Sears for $21 or $25 each, I forget. Good deal at $16 and easily holds a full size mountain bike from the ceiling, freeing up tons of floor space.

Aside from being a PITA to mount to the ceiling, it's actually pretty simple to use and I would recommend this as a good purchase. You will need to mount this relatively close to a wall, since the rope has to hang down somewhere and includes a mount to attach to the wall to wrap the rope around when not in use. Once it's all mounted, it's easy to take down and put back up with the pulleys, you just get the rubber padded hooks under the handlebars and the back of the seat, then pull the rope to hoist it to the ceiling. Getting it down is the opposite, you just pull the rope a certain direction to disengage the rope lock that holds the rope tight and slowly let it down.

Once it is in the air, I was surprised at how secure it was. I pushed, shook, jiggled and every other motion I could think of to try to knock it off the hooks and was unable to. I have two of these mounted in the walkway of our garage and we've used them/walked under them for over two years with no issues. Great product and great price.