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I thought the vette's were going for weak money. Don't believe auction prices are a very good representation of market value anyway. Depends on the audience. Some cars go ridiculously low and others just the opposite. BJ doesn't give you enough close up of the cars half the time anyway. Went to BJ's Northeast debut last spring and I couldn't believe the shotty condition of the bulk of the cars. Although I did enjoy the experience.
Ray
Selling in this order I think, Restomods, Duntov Cars,Bloomington Gold, top Flite. Sad but true. I think they're functional hotrods, can't blame them. Ron B.
I specifically like the view of the girl who puts the sold sticker on the car and writes the selling price down. I was liking the leather pants yesterday!
Don't know if you noticed but she had a nickel in her back pocket, heads was facing out and it was minted in Denver.
They did a little spot on C1's and I couldn't help but notice the close ups really showed some poor chrome, paint and pitting.
It seems like my $65K 60 would sell for $100k out there. I sure wouldn't do No Reserve.
Has anybody else noticed way less commercial time?
I've been watching live and it's tolerable.
Larry
The way carburetored restored original cars are selling, she can put a sold sign on my L78. The writing is on the wall, I have been thinking of selling and am pretty sure, my car will be gone by the end of the year
Well, we shut the auction down tonight a couple really nice green '67's went real cheap. Bought this at the Pavilions car show this afternoon. The Miller special, and Jimmy Shines truck were steals.
The 62 Corvette that was fully documented was over-restored and looked like a glazed ham. Not my cup of tea. I can't believe Ferrari 328's are bringing what they are....to me they are a Porsche 944 equivalent....crappy, slow, problematic entry level 'exotics'. If I wanted to clean up at BJ, I'd build a pickup truck, for sure. That crowd goes wild for them. Classic cars, though? Wrong crowd entirely.
Regarding C1 and C2s, it now seems the restomodded Corvette has become king at these auctions.
Looks like the days of the over restored, beyond what GM ever produced type cars have seen their peek and are now lower on the pecking order.
I ilke the glazed ham analogy. Funny way to describe it.
To me, the kings of the hill are still the documented unmolested survivor cars. Maybe I missed them but I didnt see any go on the block this week. Maybe folks arent selling them.
If they keep resto modding all these C1 and C2 Corvettes all of us guys with original cars should be setting on pots of GOLD. It is like everything else I think it is a FAD and late they will wish they had not converted the Vettes to Hot Rods.
Last edited by Mike Terry; 01-22-2017 at 09:21 AM.
So the '64 coupe restomod sold for more than the highest '63 coupe at Kissimmee. No exterior body mods on the 64, stock interior for the most part, simple engine bay.
Lot 1422 sold a few years ago for $397K, went for $220.
If they keep resto modding all these C1 and C2 Corvettes all of us guys with original cars should be setting on pots of GOLD. It is like everything else I think it is a FAD and late they will wish they had not converted the Vettes to Hot Rods.
You might have something here, Mike. Try to find an original non-hacked '40 Ford Coupe or '49-'51 Mercury coupe. 99% of them were chopped up and modified, with the value being placed on original survivors and those that were modded very early, particularly by now-famous people. I am seeing this over on the GTO forums, too, where guys come in, buy the best original car they can, and cut it up and turn it into the flavor-of-the-week. At the end of the day, it's a restomod with today's mods that will soon be as desirable as the Easter Egg 350/350/9 hotrods of the early '90's. Original is going to keep getting rarer. I have consistently seen a lot more money than good taste at BJ: a beautiful '41 Caddy convertible (all stock) sold for 55k, about half its value, and a fiberglass kit car sold for 72-75K right afterward. Nuts.
Not to mention the VW 21 window bus that sold for $250K! "Rare original" does not necessarily translate to valuable.
There needs to be enough buyers around to generate demand, which will keep prices up. Most of us C1 and C2 owners lusted after these cars when we were kids and because we could afford them these past 20-30 years, demand (and prices) went up. However as we age, the next generation or two doesn't have the same desire to own one unless maybe it's a restomod with all the comforts and performance of a new vehicle. The cars our grandfathers and fathers lusted after as kids went through the same cycle and no longer have the same demand (and value) as they did 20-30 years ago.
I paid $24K for my '66 L79 in 2000 and it's probably worth $35k today, but in 10 years, I would be happy if it was worth what I originally paid for it.
You might have something here, Mike. Try to find an original non-hacked '40 Ford Coupe or '49-'51 Mercury coupe. 99% of them were chopped up and modified, with the value being placed on original survivors and those that were modded very early, particularly by now-famous people. I am seeing this over on the GTO forums, too, where guys come in, buy the best original car they can, and cut it up and turn it into the flavor-of-the-week. At the end of the day, it's a restomod with today's mods that will soon be as desirable as the Easter Egg 350/350/9 hotrods of the early '90's. Original is going to keep getting rarer. I have consistently seen a lot more money than good taste at BJ: a beautiful '41 Caddy convertible (all stock) sold for 55k, about half its value, and a fiberglass kit car sold for 72-75K right afterward. Nuts.
Backside to this is original 40's cars not worth much. Certainly food for thought though. I am not so sure resto mods are a fad. Think about it from a wealthy 20 something viewpoint, get the great look with 2017 technology. 40's mods haven't gone out of favor.
So if i put 150k into my 64 I should be able to double my money no problem?
The seller only netted $270,000 on this car. He paid 10 % on the sale price. All the hard work and parts then shipping the car. Then pray two people want to bid the car up to a profit for you. No reserve auction!! Looks like best way to make money is start an auction company!!
01-21-2017, 06:42 PM
