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Veteran
Posts: 261
 
Location: SLC, UT | Wow! I missed out on this one. It just hammered at $10,500. Cheap if you ask me...
https://www.mecum.com/lot-detail.cfm?lot_id=FL0115-202443
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Expert
Posts: 2519
 
Location: central Illinois | I would say very well bought. |
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Expert 5K+
Posts: 5006
| Stolen for 10k! hah all the people were burnt out from Barrett Jackson...
Wow |
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Expert
Posts: 3155
Location: NY & VT | Also I'd observe that lately car prices are falling like leaves in November... this '59 is a good example. The market is weakening imo. |
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Expert
Posts: 1384
Location: Ocala, Florida | I have video of it crossing as well as many photos. Good price! |
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Expert 5K+
Posts: 5006
| firedome - 2015-01-21 2:14 PM
Also I'd observe that lately car prices are falling like leaves in November... this '59 is a good example. The market is weakening imo.
you didn't see Barrett Jackson did you? every car sold for like 150k it seemed.
I need to just restore stupid stock 1966-1970 trucks you can buy for a grand and sell them for 20k...
Edited by mikes2nd 2015-01-22 11:23 AM
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Expert
Posts: 1886
| There was nothing weak about barrett Jackson and forward looks, at all |
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Expert
Posts: 3155
Location: NY & VT | Barrett Jackson sales are hardly typical of the overall market. |
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Expert
Posts: 4043
Location: Connecticut | B-J is where the high rollers go. For those folks, dropping 50 or 75 grand on a pretty Mustang is no big deal. I would say that the prices being paid at other auctions like Mecum are a more realistic reflection of the current market. Check out the prices paid for the black 1955 Chrysler C300 or the '57 300C. Ron |
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Expert
Posts: 1886
| Having been to BJ, I can say that until you look over these cars in person, it's really difficult to gauge real value. I looked at the 60 and 58 imperial convertibles multiple times in order to figure out a proper bid. Each time I looked, more and more stuff came out. The 60 was a great car if you wanted to park it and never drive it. Under the dash, the car had all types of wiring issues. The gaps on the car were terrible. It was an excellent paint job (although some pretty big defects) and great interior. That's why a 75k car went for 100k. Unless you looked over it hard, you'd miss a lot. The 58 had a lot of customizing done to it, but was a much better car overall. It had pin striping, obvious interior modifications and a few other things that killed the value. Cars that seem like they're good deals from a computer, can be a nightmare up close. |
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Expert
Posts: 4043
Location: Connecticut | Mike McCandless - 2015-01-22 12:27 PM Having been to BJ, I can say that until you look over these cars in person, it's really difficult to gauge real value... Cars that seem like they're good deals from a computer, can be a nightmare up close. So true. The red and white 55 Desoto FF convert seemed like a good buy at 50K. I looked at the car after it was driven back to the tent and found lots of bondo in the quarters and poor panel alignment. Some of the chrome was also pitted. The auction red 60 Plymouth conv. had numerous problems, including missing hood latches. Ron |
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Exner Expert 19,174 posts. Neil passed away 18 Sep 2015. You will be missed, Neil!
Posts: 19146
Location: bishop, ca | And, then......there's the (not-hardly) small matter about the OPERATIONAL/mechanical condition of all those component parts and
assemblies that comprise what it is, that the buyer actually purchased, for his Big-Bux car buy.
We all (should) know how difficult and expensive it is, to dial-in our cars' operational performance, to make them be reliable means of transportation,
and not mere dust-collectors ("Collect the whole set!", as they say)
And, the more post-"restoration" work and driving/tinkering that we do to our cars, , the less that they will look like a Multi-Buk Auction/Trailer Queen.
So, we the general car enthusiasts, now end up with fewer and fewer decent ORIGINAL restorable/drivable #2-#3 condition cars, as more and more cars are
being 'restored' or 'restified (hot-rodded....as documented and glamorized on all those "car enthusiast" shows that are on the tube, today).
Yeah, it's a free-country....but the supply of restorable cars is drying up, and the market for them is now restricted to the general availability of 4-door sedans.
Edited by d500neil 2015-01-22 2:02 PM
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Expert
Posts: 1886
| You should have seen how many cars at BJ had anti-freeze everywhere haha. |
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Expert
Posts: 1384
Location: Ocala, Florida | Photos from the auction itself. I will try to post the video if I can.
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Expert
Posts: 3155
Location: NY & VT | I've been in this hobby for almost 50 years, my son & I have also been to many of the old Kruse etc, and B-J auctions, for the spectacle and chance to see otherwise sequestered cars, last time was in 2012, when we got finally and totally fed-up with the whole sordid scene. Many of the non-Duesenberg, Pierce Arrow, Cad V-16 and '32 Packard V-12 (have been a Cad/LaS Club, PCI, and CCCoA member, and am still into Packards) Pebble type cars, especially, were, and are, far from AACA 99 pt restorations. But as increasing numbers of the "more $ than brains" type of high rollers have been showing up in the last 20 years since the recovery from the late '80s car-market bust, marginally restored glam cars like '50s converts have been bringing inflated prices from the uninformed Johnny-come-lately show-off types who richly deserve to get burned. That said, seller prevarications or omissions have no excuse, period.
Edited by firedome 2015-01-22 5:00 PM
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Expert
Posts: 4043
Location: Connecticut | I think 'refurbished' is a better word than 'restored'. Ron |
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Expert
Posts: 3155
Location: NY & VT | Agreed, that's why I used the term "marginally restored". But the sellers would have you believe "restored" is what was done, in many cases.
Caveat Emptor is the operative mode here. |
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Expert
Posts: 3400
Location: Chestertown, NY ( near Lake George) | Agreed on all points here, I rebuilt every component on my 55New Yorker, including the radio and clock, it runs handles and drives better than new I am sure, chrome is great, paint so so. You buy one of these auction cars, no way to tell if the trans is good, does the engine
gine burn oil, does it go down the road safely stop safely, good luck! |
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1959 Desoto at Mecum
