WIW--OPINIONS WANTED

[gb70]

how did the one inquiry work out?

[MultiMopars]

Here was the inquiry:

Do you have ALL the paperwork to back this car up. All numbers MATCHING is a must !!
Thanks Mark

I sent him the picture album with additional pictures and scans of all the documentation and never got any further response. I sent him a second email asking if he got it and had any interest, never heard anything back.

[gb70]

[ QUOTE ]
Here was the inquiry:

Do you have ALL the paperwork to back this car up. All numbers MATCHING is a must !!
Thanks Mark

I sent him the picture album with additional pictures and scans of all the documentation and never got any further response. I sent him a second email asking if he got it and had any interest, never heard anything back.

[/ QUOTE ]

Not exactly a sellers market for sure. Re list and see how it goes. It may take a while to find the one buyer.

[MultiMopars]

[ QUOTE ]
[ QUOTE ]
Here was the inquiry:

Do you have ALL the paperwork to back this car up. All numbers MATCHING is a must !!
Thanks Mark

I sent him the picture album with additional pictures and scans of all the documentation and never got any further response. I sent him a second email asking if he got it and had any interest, never heard anything back.

[/ QUOTE ]

Not exactly a sellers market for sure. Re list and see how it goes. It may take a while to find the one buyer.

[/ QUOTE ]


At this point I will not advertise it again anytime soon.

I will probably put it on the tow dolly and haul it down to the Scottsdale Pavillions show during the big auctions and see if I get any action on it. Nothing like seeing the car in person for a potential buyer. My camera is not the best and the pictures are not great.

[Steven J]

Since you asked for opinions, I feel that your asking price is about 40k too high.

[MultiMopars]

Now that I have responses to this I will make a few comments.

This is specific to MY car but should be read, considered, and dissected for use in other cases of WIW threads.

Regarding the opinion of member tom406 and to be fair in this, I see by his profile that he lists his occupation as a collector auto sales/appraisals. This is not a slight or slam of his opinion or occupation, but rather an observation for others reading this for their consideration, and is simply a response with MY opinion.

While not shocked by his value opinion of $45K based on what I see currently for high bid prices on Ebay of UNSOLD 1966-67 Hemi cars I can't agree with this valuation. Why? Several reasons.

1. You could not buy a rust free 1966 body and build a CLONE of this car for $45K.

2. UNSOLD bid prices mean nothing other than it shows the seller is not willing to sell for those prices. We have many people in this market wanting to buy cars at a steal price, but that only works when a seller is willing to allow it to happen.

3. While many in the hobby don't WANT to accept the auction sales and the collector car price guide prices of these cars, those are the FACTS of what these cars are actually SELLING for.

4. I subscribe to Collector Car Market Review which in their current issue STILL value these cars @ $83K for a #1 car. No, my car is not a #1 car by there description because of the paint. The paint cost is NOT that big of an expense on this car but I am reluctant to do it because some people want to do their own thing so I will leave it alone at this point. There HAS to be some kind of value adder to this car based on the rarity of the car for the original number of cars built.

5. Comparisons to other cars for sale listed on this site that others seem to agree with the asking prices that are WAY out of line compared to the $45K stated here for MY car. I think all will agree that these old MUSCLE car values are primarily derived by h.p. and rarity. The one current example I show below is a 350 h.p. car in a slightly lighter body, but still could not hold a candle to a heavier Hemi car both in the same tune on the 1320. I know this is a predominately GM site and there certainly has to be some bias, but it seems from the comments of others in the linked thread that they believe it is worth the asking price. So MY car is worth 25% LESS than this car? The owner refers to the car as a survivor however I think that MOST in the hobby will disagree since it has had a complete repaint. Survivors are nice to have in the hobby as examples to rely on for the rest of us, however often times the owners get bored looking at these "tired" cars and then end up spending the cost of a restoration on a car that they paid EXTRA for because of it's survivor condition. STILL, THE CAR IN THE LINK IS A NICE CAR.


https://www.yenko.net/ubbthreads/show...e/1#Post428479


These are just my comments and OPINION based on the above facts I am pointing to. The bottom line is that unless something drastically changes in the near future of my financial condition, I would not consider selling my car for anywhere near $45K. I have been researching the number of these 1 of 11 cars known to exist and there is only one other that I have found that the owner would entertain selling his for $100K PLUS. No, I have not sold my car but if there is a buyer out there that is SPECIFICALLY interested in buying one of these cars due to it's rarity, what are his choices?

[gb70]

In todays market worth or value is a real hard number to grasp. In reality it is worth only what the current market is willing to pay. Even the "one" buyer that knows it is what it is will be reluctant to pay more than what he would if he had to resell it in the same market place. Reminds me of a home that is was worth over 2 million close to 2 years ago is now on the market for half that. If you list it for 95k the odds are that you will be waiting for that one special buyer for a while. It reminds me of real estate DOM aka days on market, the higher priced are the ones that sit on market the longest mainly because there are fewer that can afford that price range. In a good economy it becomes more of a sellers market which not what we have today. Your best bet it to direct your advertising towards the select few that can realistically afford the price range you feel it is worth. Ebay is a great tool for advertising and in some cases provide a sale. The price range I estimated earlier myself was a number I feel would SELL the car.

[HPMIKE]

[ QUOTE ]
Now that I have responses to this I will make a few comments.

This is specific to MY car but should be read, considered, and dissected for use in other cases of WIW threads.

Regarding the opinion of member tom406 and to be fair in this, I see by his profile that he lists his occupation as a collector auto sales/appraisals. This is not a slight or slam of his opinion or occupation, but rather an observation for others reading this for their consideration, and is simply a response with MY opinion.

While not shocked by his value opinion of $45K based on what I see currently for high bid prices on Ebay of UNSOLD 1966-67 Hemi cars I can't agree with this valuation. Why? Several reasons.

1. You could not buy a rust free 1966 body and build a CLONE of this car for $45K.

2. UNSOLD bid prices mean nothing other than it shows the seller is not willing to sell for those prices. We have many people in this market wanting to buy cars at a steal price, but that only works when a seller is willing to allow it to happen.

3. While many in the hobby don't WANT to accept the auction sales and the collector car price guide prices of these cars, those are the FACTS of what these cars are actually SELLING for.

4. I subscribe to Collector Car Market Review which in their current issue STILL value these cars @ $83K for a #1 car. No, my car is not a #1 car by there description because of the paint. The paint cost is NOT that big of an expense on this car but I am reluctant to do it because some people want to do their own thing so I will leave it alone at this point. There HAS to be some kind of value adder to this car based on the rarity of the car for the original number of cars built.

5. Comparisons to other cars for sale listed on this site that others seem to agree with the asking prices that are WAY out of line compared to the $45K stated here for MY car. I think all will agree that these old MUSCLE car values are primarily derived by h.p. and rarity. The one current example I show below is a 350 h.p. car in a slightly lighter body, but still could not hold a candle to a heavier Hemi car both in the same tune on the 1320. I know this is a predominately GM site and there certainly has to be some bias, but it seems from the comments of others in the linked thread that they believe it is worth the asking price. So MY car is worth 25% LESS than this car? The owner refers to the car as a survivor however I think that MOST in the hobby will disagree since it has had a complete repaint. Survivors are nice to have in the hobby as examples to rely on for the rest of us, however often times the owners get bored looking at these "tired" cars and then end up spending the cost of a restoration on a car that they paid EXTRA for because of it's survivor condition. STILL, THE CAR IN THE LINK IS A NICE CAR.


https://www.yenko.net/ubbthreads/show...e/1#Post428479


These are just my comments and OPINION based on the above facts I am pointing to. The bottom line is that unless something drastically changes in the near future of my financial condition, I would not consider selling my car for anywhere near $45K. I have been researching the number of these 1 of 11 cars known to exist and there is only one other that I have found that the owner would entertain selling his for $100K PLUS. No, I have not sold my car but if there is a buyer out there that is SPECIFICALLY interested in buying one of these cars due to it's rarity, what are his choices?

[/ QUOTE ]

I have a perfectly restored, original 7,000 mile 66 Hemi Coronet 500(see pic). It is a console 4 speed car with a bunch of nice options. My car is light years nicer than the one shown and I have no delusions of what it might be worth. You keep bringing up the fact that it's rare, well, 6 cylinder Chargers are rare as well. Rarity and desirability do not always go hand in hand. That body style isn't very attractive by most everyone's standards as the hardtops generally are more valuable. Unless you are talking about factory racecars(which this car is not), then the lack of options becomes a downgrade . That's the way it is, even though some might not want to hear it. That car would probably have a very hard time finding a home for more than 35-40K in this market. And that transaction itself will not be easy.. You had it on ebay for the WHOLE WORLD to see and no one took the bait. I think you have all of the market research you need.

Bottom line is a motor vehicle(or anything else for that matter) is only worth what someone is willing to pay for it at any given time. Period and end of story.....

And if you are going to attack the credibility of people who choose to give an opinion, you asked for opinions so why so defensive??

[MultiMopars]

[quoteAnd if you are going to attack the credibility of people who choose to give an opinion, you asked for opinions so why so defensive??

[/ QUOTE ]

I am not being defensive at all. In fact, I made the following statement at the top of my post to hopefully besure it was NOT taken that way.

"Regarding the opinion of member tom406 and to be fair in this, I see by his profile that he lists his occupation as a collector auto sales/appraisals. This is not a slight or slam of his opinion or occupation, but rather an observation for others reading this for their consideration, and is simply a response with MY opinion."

[Smokey]

What Greg said is pretty dead on. Anyone can ask for anything just like you seen on ebay. Then you wonder why they aren't sold. All one can go by is what stuff is actually getting traded for and what people will pay for it in CASH.

It doesn't matter if its a house, a car or a x-wife. Keep the tow dolly at home and drive it to the show and have some fun with it like it was (I'm going to assume here) meant for. And don't forget to put your foot into it a little bit above 60 so you keep your smile glued to your face.