Uh...Guys..I don't want to be the voice of doom or anything, but There are legalities to doing things such as circulating things like posters...Odds are, being 35 years old, nothing may happen if you copy the magazine cover, but Hot Bike is still around, and the photographer who shot the cover may be, and if say, someone got a hold of the image and started mass producing them and selling them on ebay, a whole #$%*storm of trouble could head your way.
Copyright law is very specific. The Photographer owns the image, and licences it to the magazine. The magazine owns the look of the cover, which it registers with the Library of Congress.
The subject of personal usage is kind of up for grabs. While copying a magazine and putting it up in your OWN garage may be kind of ok, Copying a proof of a family portrait so you don't have to pay the photographer definitely isn't. Anyone caught doing so is in for it. That's why photographers now put a stamp right across the middle of an image. Things have gotten pretty strict since the advent of scanners...oh, and don't even think about scanning money!
If you intend to post the image, it would probably be a really good idea to contact the magazine and ask permission (in writing) to do so. This will cover your behind. Odds are, since it's basically only for the user group, they may not mind. but that may not be the end of it. Remember, that unless the photographer sold them the rights ( which would keep him from ever making another dime from his photo, which no photographer in his right mind would do), or unless he worked as an employee of the magazine, he owns the image, which means he has to ok it too...If they're both cool about it, no problem, but if one of them is a hairy Jackwad, they could own your children...
I am a photographer. I tend to be one of the cool ones, but I have on occasion had people who assume that my photographs are public domain, and they're not. They're how I make my living. Copyright law is hard core stuff, and I prefer not to have to use it, but if I have someone who steals my images, or has me do a project and then thinks he can sell the images for another use, it's my only protection. I personally wouldn't probably go after someone who just wants a print for their garage wall, in fact, I might give them a nicely retouched an scaled file so tht it would look better, but if I knew that an image was downloaded and mass produced for sale on ebay (and admit it, how many times have you seen stuff like that on ebay?), I would bring the full force of the law down on their head.
My advice is, be discreet. Maybe email direct to each other and not post it, even though that seems like a great idea.