Iconic 1970s Raleigh Chopper returns - but it'll cost you £950

The Raleigh Chopper gained popularity following it's initial release in 1972.

Iconic 1970s Raleigh Chopper bike returns to stores with eye-watering £950 price tag Getty Images

An iconic 1970s bicycle is set to make a comeback this month, but it’ll set you back almost £1,000.

The Raleigh Chopper, which gained popularity following its initial release in 1972, is being relaunched with a new frame which includes a lower rear bar.

Its unique design has become a cultural icon, and is fondly remembered by many who grew up in the 70s.

The bike saved Nottingham-based firm Raleigh from administration, with huge global sales from a total production run including the MK1, MK2 and MK3 models, which ran until 2005.

The limited edition 2023 Chopper will be available to purchase from June 20 for £950.Raleigh

It featured in numerous TV series and movies throughout the 1970s and 1980s, including The Goonies and Back to the Future.

In the 70s, the bike sold for just £32 – equivalent to £350 today – with originals now selling as collectors’ items for up to £3,000.

In 2014, an MK2 Raleigh Chopper from 1980 which was gifted to US President Ronald Reagan sold at auction for a record $35,000 US (£27,943).

The limited edition 2023 Chopper will be available to purchase in store and online from June 20 for £950.