Sears.com has the Racor PBH-1R ProStor Bicycle Hoist Monster on sale for $15 + $6 shipping = $21 shipped. Store your bike safely from the ceiling of your garage; Solid steel construction delivers a 55-pound load capacity.
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Got a bunch of these on sale at Harbour Freight for $6 each a couple of months ago. They are still under $10 on their web site. Search for "Bicycle Lift"
This deal keeps coming up, but not a deal. #1's got it right. Harbour Freight!