One word of caution on hanging a bike upside down on two hooks: Make sure the measurement between the hooks is the exact dimension of the bearing points between the two wheels. I will never , ever hang a big heavy ballooner in this way again. While hanging a big Schwinn in this fashion the front hook broke off while I was on a ladder trying to hook the rear wheel on the second hook that I was having a difficult time with. It was just a tiny bit of a stretch ............
The bike came instantly down , knocking me off a stepladder and clipping my son , who had handed the bike up to me , in the shoulder. The height of my hooks were 10 feet off the floor. Looks like Wes's Schwinn was about 8 feet up.
The bikes I have hanging in the basement of my house have been secured after hanging up with an additional length of rope around the rim tied to a 2x4 screwed to the floor joist in case one of these China made hooks decide to fail.