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I have to question the value or accuracy of guides such as
Nadaguides.
I have just looked at the guide for my car and believe the high value is
around $20,000 short!
I have based this on my own analysis of the market and similar cars, I also
checked the roadster version of my car and saw that nada high value was some
$25,000 less than the price being asked for the only one currently on the open
market (there are probably no more than 6 roadsters in the world).
I have sent the following e mail to nadaguides :- "I have just looked at
your price guide for 1929 Chrysler Imperial L Convertible Coupe and am very
interested in knowing how you reached these prices? There are no more than 4 of
these cars in existence none of which have been for sale this century"
if the reply ... if I get one is relevant I will post it.
Maybe the guide has more accuracy to more prolific models, but as it stands
if I was to sell my car i would stand to loose potential purchasers if they
looked at the guide and assumed it was correct.
My experience of e bay would also question its value as accurate guide as
it makes the assumption that any potential purchaser will have access and will
be looking at the site over a given period of time.
I advertised my 1931 Chrysler CD de luxe with a one off custom 4
seater Drophead Coupe body by Carlton (a well known English coachbuilder)
on e bay - US - the first thing that happened was that e bay suspended my
account and told me that someone was misusing my account - they could not
understand the concept of an English account holder wanting to list an item on
the US site! it took over a week to get the account reinstated as it is very
difficult to contact e bay if they have cancelled your password! it also never
occurred to e bay to contact me to verify the listing before cancelling... yet
they seem to have no interest in dealing with the fraud which is rife .
Anyway the car was about $10000 below my reserve price at the end (and as
the vendor I was able to see who was the high bidder at anyone time and was
interested to note which traders were bidding) Within a month of the listing I
sold the car privately for $14.000 more that it reached on e bay, $4000 more
than the reserve I had placed.
Regards
Nigel Plant
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