The Anzac Parade bike has one notable difference to the bikes on the mole - it appears to be wrapped in plastic.
Shoppers at Whanganui's weekly Saturday riverside markets will have a good view of the bike from across the river, and Whanganui River Markets' Annette Main estimated the bike had been placed there fairly recently.
Horizons Regional Council engineer Dougal Ross said Horizons had still heard nothing from the community about who had installed them or for what reason.
However, Ross said while Horizons currently had no plans to either preserve or remove the bikes, he was keen for them to remain, as he found them artistic.
Currently, Horizons is overseeing repairs to the Whanganui North Mole as part of Te Pūwaha port revitalisation project.
Once repairs to the North Mole are completed, the same repairs are planned for the South Mole.
Ross said if the repairs required the bikes to be taken down, he would look into reinstalling them once repairs were completed.