input on collector car values this summer, which way do you see them going? |
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input on collector car values this summer, which way do you see them going? |
orange914 |
Mar 30 2010, 10:51 AM
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#1
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http://5starmediaworks.com/index.html Group: Members Posts: 3,371 Joined: 26-March 05 From: Ceres, California Member No.: 3,818 Region Association: Northern California |
o.k., i'm wondering what the 914 crew foresees in the crystal ball. i'm parting with my 67 mustang of 22 years and just sent off my barrett-jackson application for june- l.a. auction. the only reason i'm parting with it is a realstate opertunity. i will hold it if the market dives. what are your thoughts on the collectorcar market tread in the next 6 to 12 months? i have 2 interested parties but as soon as i agree to sell at b.j. it's off the outside market.
(IMG:style_emoticons/default/confused24.gif) (IMG:style_emoticons/default/confused24.gif) mike |
Scott S |
Mar 30 2010, 11:16 AM
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#2
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Small Member Group: Members Posts: 1,697 Joined: 30-April 03 From: Colorado Member No.: 633 |
I would try and do everything possible to sell it privately. I am not 100% sure of the BJ fee/commission structure, but any fees are simply that. Does BJ publish a list of their prior listings by year/make/model? That would be a great indicator of what did and didn't sell, and for what price.
As far as the market goes, getting top dollar right now is brutal, unless a car is rare, has some sort of history, etc. With the stuff we have purchased in the past two years, we wont touch any sort of investment car unless it is going for somwhere around 50% of what it "should" currently sell for. Unfortunatley, the economy has created some great deals for buyers - I say unfortunately as it is really too bad when someone drops a pile of money into a restoration, falls on hard times and then finds out there is no demand for it when he tries to sell it. |
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