auction split in Pa
Thread Starter
Safety Car
Joined: Aug 2006
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From: Horsham Pa
C2 of Year Finalist (appearance mods) 2019
auction split in Pa
Did any one here go to the auction near Pottstown Pa. on Saturday for the 63 cp? I am always amazed at what people will pay without looking very hard. It looked good in pictures. 63 cp wrong motor, wrong trans and shifter, side pipes, old crusty repro wheels, 20ft paint, rusty not rotted frame, hit in the back, both sides and front and very poor repair on all spots. $57,000 They where lucky it was raining and the car was outside, good move. I guess if you bought it and just want to drive it that's OK but to fix it up correctly it will take another $60,000 and now you have a $120,000 300 hp wrecked split?
Last edited by 65 Pro Vette; Oct 24, 2016 at 10:00 AM.
Team Owner
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Army
Did any one here go to the auction near Pottstown Pa. on Saturday for the 63 cp? I am always amazed at what people will pay without looking very hard. It looked good in pictures. 63 cp wrong motor, wrong trans and shifter, side pipes, old crusty repro wheels, 20ft paint, rusty not rotted frame, hit in the back, both sides and front and very poor repair on all spots. $57,000 They where lucky it was raining and the car was outside, good move. I guess if you bought it and just want to drive it that's OK but to fix it up correctly it will take another $60,000 and now you have a $120,000 300 hp wrecked split?
There are lots of people with more money than sense and when the booze starts flowing and with a trophy wife egging you on and testosterone poisoning against other bidders - anything can happen.
HOWEVER $57K and another $100K to restomod it and make the body right and you have a car that might go close to $200K. Last Mecum a restomod split I saw in Mike Coletta's shop went for $190K and it would have been more but Mecum didn't give it the presentation it deserved...
Last edited by Frankie the Fink; Oct 24, 2016 at 05:10 PM.
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St. Jude Donor '14 thru '26
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You forgot excess cash.
it may be a fool and his money, but it may also be someone to who the difference between 50K and 100K is not significant. Add to that the guy who is rolling in excess cash may not likely have the time or interest in the arcane science of matching parts. He just wants a toy.
Not defending these types, just acknowledging them. That and avoiding indulging in envy.
YMMV
it may be a fool and his money, but it may also be someone to who the difference between 50K and 100K is not significant. Add to that the guy who is rolling in excess cash may not likely have the time or interest in the arcane science of matching parts. He just wants a toy.
Not defending these types, just acknowledging them. That and avoiding indulging in envy.
YMMV
Le Mans Master
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From: Really Central IL Illinois
Safety Car
Joined: Mar 2003
Posts: 4,525
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From: Philadelphia PA
Did any one here go to the auction near Pottstown Pa. on Saturday for the 63 cp? I am always amazed at what people will pay without looking very hard. It looked good in pictures. 63 cp wrong motor, wrong trans and shifter, side pipes, old crusty repro wheels, 20ft paint, rusty not rotted frame, hit in the back, both sides and front and very poor repair on all spots. $57,000 They where lucky it was raining and the car was outside, good move. I guess if you bought it and just want to drive it that's OK but to fix it up correctly it will take another $60,000 and now you have a $120,000 300 hp wrecked split?
Thread Starter
Safety Car
Joined: Aug 2006
Posts: 3,881
Likes: 1,283
From: Horsham Pa
C2 of Year Finalist (appearance mods) 2019
Seen it before...
There are lots of people with more money than sense and when the booze starts flowing and with a trophy wife egging you on and testosterone poisoning against other bidders - anything can happen.
HOWEVER $57K and another $100K to restomod it and make the body right and you have a car that might go close to $200K. Last Mecum a restomod split I saw in Mike Coletta's shop went for $190K and it would have been more but Mecum didn't give it the presentation it deserved...
There are lots of people with more money than sense and when the booze starts flowing and with a trophy wife egging you on and testosterone poisoning against other bidders - anything can happen.
HOWEVER $57K and another $100K to restomod it and make the body right and you have a car that might go close to $200K. Last Mecum a restomod split I saw in Mike Coletta's shop went for $190K and it would have been more but Mecum didn't give it the presentation it deserved...
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Drifting
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From: Limerick Pa, Saint James City Fl
I was there, it's a good 20 footer, driver. Frame and bird cage both looked good from what I could see. Bidding stalled at $50,000 almost hammer down, then $500, bumps between two bidders, till $57(I thought it went for $56, what ever).I figured a $15,000, premium for being a split, take that out and it's in the $35 to $42 range for a driver. There was no buyer premium. Chip
Thread Starter
Safety Car
Joined: Aug 2006
Posts: 3,881
Likes: 1,283
From: Horsham Pa
C2 of Year Finalist (appearance mods) 2019
I was there, it's a good 20 footer, driver. Frame and bird cage both looked good from what I could see. Bidding stalled at $50,000 almost hammer down, then $500, bumps between two bidders, till $57(I thought it went for $56, what ever).I figured a $15,000, premium for being a split, take that out and it's in the $35 to $42 range for a driver. There was no buyer premium. Chip