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Thread: This dude is serious on the price | $95k for a restored 1971 car

  1. 04-16-2012 05:13 PM #1
    Serious question, is there really a market for these things? We all saw the ad of the Prelude that was [$17,000??], which is understandable because people will be willing to spend crazy money on a car in super mint condition, especially in the Honda crowd, but...

    http://newyork.craigslist.org/mnh/cto/2960846680.html



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    04-16-2012 05:22 PM #2
    He's a little high for an LS5 - but that's not the issue.

    The issue is you comparing a Chevelle to a Prelude.
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    04-16-2012 05:22 PM #3
    It's a lot of money. But until he has interested parties it's just "a" number.

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    04-16-2012 05:24 PM #4
    With the right big-name builder and the right records that car *could* see close to $100k at auction.

    If it was restored by bubba who owns a shop then it's worth maybe $30k max.

    My $.02

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    04-16-2012 05:32 PM #5
    Quote Originally Posted by zane! View Post
    With the right big-name builder and the right records that car *could* see close to $100k at auction.

    If it was restored by bubba who owns a shop then it's worth maybe $30k max.

    My $.02
    Very true
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    04-16-2012 05:35 PM #6
    Quote Originally Posted by DTMTrini View Post
    Serious question, is there really a market for these things? We all saw the ad of the Prelude that was [$17,000??], which is understandable because people will be willing to spend crazy money on a car in super mint condition, especially in the Honda crowd, but...

    http://newyork.craigslist.org/mnh/cto/2960846680.html



    Hold on, you understand why a Prelude could be worth $17,000 but you don't see why an all time classic like the Chevelle costs this much?

    Check out this listing:

    http://www.catsexotics.com/web/used/...ngton/1056379/
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    04-16-2012 05:38 PM #7
    If that's a true SS454 'vert with a numbers-matching drivetrain and a thorough resto by the right shop? That's likely worth the $.

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    04-16-2012 05:43 PM #8
    Any yahoo with a garage, an old car on blocks behind the tool shed, and a DirecTV box can sit home with a beer in hand watching a Meacham Auction, where they sell pristine, desirable cars with unquestionable provenance and immaculate restorations for six figures, and usually he thinks, "hell, I got me one o' them in the back yard! I'll paint it and put a JCWhitney interior in it, and fix up the engine a little bit, and sell that sum'bich for a bunch o'money! Honey! Get me another beer, I'll be in the ga-rage!"

    And he can think he can sell it for a bunch of money all he wants, but... he won't. He can try, but... Nahhhhhh...

  9. 04-16-2012 05:44 PM #9
    Quote Originally Posted by zane! View Post
    With the right big-name builder and the right records that car *could* see close to $100k at auction.

    If it was restored by bubba who owns a shop then it's worth maybe $30k max.

    My $.02
    I agree, if Ring Brothers, Chip Foose, Hotchkis or some other big name builder built the car it I think it could get close to $100K

    But to answer the OP's question, Yes there is a market for this car and $100K+ muscle cars. Whether or not this one will sell for that much, I doubt it.

    And please never compare this type of car to a prelude

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    04-16-2012 06:13 PM #10
    Have you missed the last 10 years where restored Muscle with matching #'s big engines bring in big $?
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    04-16-2012 06:21 PM #11
    I don't even like "Merican Muscle", but even Im disappoint.
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    04-16-2012 06:24 PM #12
    Not sure if troll thread, or not...

    It's actually kinda close to what it could go for. Still remember my old neighbor with a number matching Hemi Cuda Convertible. Astronomical dollars for that thing.
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  13. 04-16-2012 06:30 PM #13
    Would rather have 5.58823 preludes.

    I don't get it either man. Old car is old car. Don't worry, when the people that grew up with these things start dying off, well they already have started dying off just noting all these huge muscle car collections coming to auction recently. Anyways, when they all die off, the cars will go with them, just like all the old model Ts and 32 fords that have been dying off for some years.

    Real money collects European sports cars, not American muscle. That is where the longstanding value will always be.

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    04-16-2012 06:35 PM #14
    Quote Originally Posted by Dave Zero View Post
    Would rather have 5.58823 preludes.

    I don't get it either man. Old car is old car. Don't worry, when the people that grew up with these things start dying off, well they already have started dying off just noting all these huge muscle car collections coming to auction recently. Anyways, when they all die off, the cars will go with them, just like all the old model Ts and 32 fords that have been dying off for some years.

    Real money collects European sports cars, not American muscle. That is where the longstanding value will always be.
    I'm a huge Prelude fan, I even made a couple threads about my search for a Prelude earlier this year, but it's not even a comparison, this car is so much more special than any Prelude

    And what exactly makes an old European sportscar more worth in your eyes than an old muscle car? Any old car is going to pale in comparison to a newer car in performance, safety, efficiency, etc. so all your buying is styling, nostalgia and a small piece of history, and old Muscle cars fill those criteria just as well as old European cars
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  15. 04-16-2012 06:45 PM #15
    '32 Ford - $80K (USD)

    http://inv.idealclassiccars.net/view...in-Sarasota-FL

    Model T - $40K (USD)

    http://www.hemmings.com/classifieds/...t/1396165.html

    I could use that sort of "value"...

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    04-16-2012 07:06 PM #16
    That is one of the ****tiest CL ads I've seen especially for such a high price. He wants almost 100k for a car but can not write full sentences and writes in all caps?

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    04-16-2012 07:12 PM #17
    I've never known 71-72's to be worth anything near that much. Maybe if it's some incredible nut and bolt restoration.
    Quote Originally Posted by Dave Zero View Post
    1988 is not an 80's car, it's an early 90s car but whatever.

  18. 04-16-2012 07:14 PM #18
    Quote Originally Posted by 302W View Post
    I've never known 71-72's to be worth anything near that much. Maybe if it's some incredible nut and bolt restoration.
    he claims it as a nut and bolt resto.. and I guarantee its worth close to that. its a 71 ss original 454 car... as long as the engine matches its def.worth that much.

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    04-16-2012 07:15 PM #19
    Quote Originally Posted by cptn slo View Post
    That is one of the ****tiest CL ads I've seen especially for such a high price. He wants almost 100k for a car but can not write full sentences and writes in all caps?
    You don't get a lot of cross-over between auto-shop and Honors English classes.
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  20. 04-16-2012 07:16 PM #20
    Quote Originally Posted by thetopdog View Post
    I'm a huge Prelude fan, I even made a couple threads about my search for a Prelude earlier this year, but it's not even a comparison, this car is so much more special than any Prelude

    And what exactly makes an old European sportscar more worth in your eyes than an old muscle car? Any old car is going to pale in comparison to a newer car in performance, safety, efficiency, etc. so all your buying is styling, nostalgia and a small piece of history, and old Muscle cars fill those criteria just as well as old European cars
    The buyers determine the value. Plain and simple. European sports cars sell for more and the values fluctuates less. People with more money spend it here. Lord knows I'm not out buying 15 million dollar Ferrari 250 TRs.

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    04-16-2012 07:23 PM #21
    Cool car. But I think it's sad they're worth so much now. Makes it difficult for us minimum wage people to own one.

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    04-16-2012 07:27 PM #22
    I'd pay that much, if not more, for a matching #'s 70' Chevelle SS 454 convertible, a little less for a 71'. I'd pay about 70k for that car if it was 100% correct, and not a pig with lipstick on it. Not as wanted but still desirable.
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    04-16-2012 07:28 PM #23
    Quote Originally Posted by Dave Zero View Post
    The buyers determine the value. Plain and simple. European sports cars sell for more and the values fluctuates less. People with more money spend it here. Lord knows I'm not out buying 15 million dollar Ferrari 250 TRs.
    I understand that old Ferraris cost more but why even bring it up in this thread? What relevance does it have? Just because a Ferrari sells for millions doesn't mean a Chevelle can't sell for $100,000. Who cares what "real money" likes?
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  24. 04-17-2012 03:08 PM #24
    Quote Originally Posted by thetopdog View Post
    I understand that old Ferraris cost more but why even bring it up in this thread? What relevance does it have? Just because a Ferrari sells for millions doesn't mean a Chevelle can't sell for $100,000. Who cares what "real money" likes?
    I was responding to the opening post. European sports cars are a better place to spend money.

    Most of these muscle car's value comes from nostalgia, not a racing pedigree or beautiful design work. These were the 1960s version of factory hot rods, tossed aside and forgotten for a few decades, now the baby boomers are older and can afford nice 3rd cars, there is a market. When those baby boomers die off and the cars are shifted, the values will come back down to more realistic levels.

    European sports cars however, built in limited numbers and with unique shapes from the more common cars, will hold their values because they participate in a global market, not just a market of 50-70 year old men in North America. I make generalizations; I realize there is a limited muscle car market overseas.

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    04-17-2012 03:14 PM #25
    Quote Originally Posted by DTMTrini View Post
    Serious question, is there really a market for these things? We all saw the ad of the Prelude that was [$17,000??], which is understandable because people will be willing to spend crazy money on a car in super mint condition, especially in the Honda crowd, but...

    http://newyork.craigslist.org/mnh/cto/2960846680.html
    Really?

    http://www.barrett-jackson.com/

  26. 04-17-2012 03:17 PM #26
    do you think the kids of the 80s and 90s grew up lusting after 74-89 model year cars? There might be a special place for a turbo Z here and there but many people for an extra generation after the baby boomers wanted these muscle cars as well. Besides the fact that cars went though a drastic technology change shortly after these were made (emissions equpiment) I think that they will continue to have high values for the foreseeable future.

    Also for every "Bubba" who wraps their lesser one around a tree or lets it rust back to the earth, there is one less in the world, and they get older every year.
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    04-17-2012 03:24 PM #27
    people will spend whatever they can on whatever they want..


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    04-17-2012 03:35 PM #29
    Quote Originally Posted by Dave Zero View Post
    Real money collects European sports cars, not American muscle. That is where the longstanding value will always be.
    Quote Originally Posted by Dave Zero View Post
    The buyers determine the value. Plain and simple. European sports cars sell for more and the values fluctuates less. People with more money spend it here. Lord knows I'm not out buying 15 million dollar Ferrari 250 TRs.
    Quote Originally Posted by Dave Zero View Post
    Most of these muscle car's value comes from nostalgia, not a racing pedigree or beautiful design work. These were the 1960s version of factory hot rods, tossed aside and forgotten for a few decades, now the baby boomers are older and can afford nice 3rd cars, there is a market.
    I really think there's something seriously wrong with you beyond just being naive. I mean I think Chevelle's and similar are complete junk personally. I wouldn't take the car in question if it was given to me and if I had $100k, I'd rather buy the upcoming Viper or Z06/Zr1 with the money, if I wanted something domestic.

    But your comments don't make any sense, regardless of my personal preferences and dislike for old American cars like this. Lots of people love these things. What's real money?

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    04-17-2012 03:44 PM #30
    Quote Originally Posted by Dave Zero View Post
    Real money collects European sports cars, not American muscle. That is where the longstanding value will always be.
    And when all the Euro fanboys die off so will the European cars you think are worth more for some reason.

    Your argument is bad and you should feel bad.
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    04-17-2012 03:57 PM #31
    Quote Originally Posted by Dave Zero View Post

    European sports cars(This doesn't matter) however, built in limited numbers and with unique shapes from the more common cars, will hold their values(This does matter) because they participate in a global market, not just a market of 50-70 year old men in North America.
    Examples



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    04-17-2012 04:00 PM #32
    Quote Originally Posted by dtrain88 View Post
    I agree, if Ring Brothers, Chip Foose, Hotchkis or some other big name builder built the car it I think it could get close to $100K
    WTF are you talking aboot ? matching number big block chevelle 'verts are 6 figure cars if they're done right. 60k cars if they're older restorations
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  32. 04-17-2012 04:04 PM #33
    Quote Originally Posted by 6cylVWguy View Post
    What's real money?
    August 21, 2011 1957 Ferrari 250 Testa Rossa Gooding & Company $16,390,000 $16,933,101
    May 17, 2009 1957 Ferrari 250 Testa Rossa RM Auctions $12,402,500 $13,435,561
    May 18, 2008 1961 Ferrari 250 GT SWB California Spider RM Auctions $10,894,900 $11,760,430
    November 17, 1987 1931 Bugatti Royale Kellner Coupe Christie's $9,800,000 $20,047,803
    June 15, 1986 1931 Bugatti Royale Berline de Voyager Kruse $6,500,000 $13,781,421 [19]
    May 1, 1985 1957 Aston Martin DBR2 Christie's $3,424,490 $7,399,950
    April 30, 1985 1934 Alfa Romeo Tipo B Christie's $2,788,513 $6,025,673
    July 12, 1984 1936 Mercedes-Benz 500K Roadster Christie's $1,450,000 $3,243,690 [33]
    1973—1984 No information available
    1973 1941 Mercedes-Benz 770 F-Cabriolet Kruse $176,000 $921,427 [17][18]
    January 6, 1973 1941 Mercedes-Benz 770 F-Cabriolet Kruse $153,000 $801,013 [17][18]
    September 4, 1972 1933 Duesenberg Model J Victoria Kruse $90,000 $500,048 [19][20][22]
    June 12, 1971 1936 Bugatti Type 57SC Atalante Coupe Sotheby's $59,000 $338,583 [8][34][35]

    Real money

    http://en.wikipedia.org/wiki/Most_ex...old_in_auction

    I assume the next 90 cars on that list would mostly be European sports cars as well.

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    04-17-2012 04:05 PM #34
    Doesn't matter if the car is worth 95K or not. What matters is whether somebody is willing to pay 95K for it.
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  34. 04-17-2012 04:15 PM #35
    Quote Originally Posted by 6cylVWguy View Post
    What's real money?
    $9.4 million for this Duesenberg, made in Indiana. wait.

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