Abstract: A retractable bicycle rack is described having a movable portion and a fixed portion. The fixed portion is attached to an overhead member such as those found in an automobile garage. The movable portion, when moved from the horizontal position to the vertical position activates compression springs attached between the movable portion and the fixed portion tithe frame. The springs have an over-center position when the rack is placed in the full vertical position which holds the rack in a vertical position. When the bicycle or bicycles are placed on the movable portion of the rack, the spring force in the compression spring moves the rack from the vertical position to the horizontal position. A draper controls the movement from the vertical position to the horizontal position. The preferred embodiment is desired for two bicycles, however, if more than two bicycles are desired, the compression spring may adjusted to provide a stronger compression force.