History Lost a Stutz to the pros.....

Sorry to hear ya lost out on it.

I do think Carini is a genuine guy, brokering for the wealthy puts him in an odd spot sometimes, but he handles himself well. I enjoy the show. He's worked hard to figure out the market and be at the top of the game, that didn't come overnight. He still misses on some of his sells.

 

I would have liked to buy it then make some $ selling it to Wayne

 

Carini's show is pretty good...one of the easier to watch ones for sure...and I get a kick out of his mechanic guy.
IIRC the "Bearcat" used in the Bearcat TV show was actually custom built to resemble an original and was powered by a 240 or 300 Ford six.
NOT a bad choice really as the engines have some physical size and offers lots of torque. (Just the thing you need for actors to be able to make smooth take offs on camera!)

 

Still wanna know how much $$

 

Good luck, for some reason the OP thinks that it's a cl***ified secret and that revealing it would compromise national security.

 

Saw the episode on DVR Saturday. Wow was Wayne excited to get the Stutz! Would not have read this thread if I didnt think it was the same car.

 

OK...OK... Although the guy that originally told me about it knew about it for years, I wasn't able to see the car until 3 days before Wayne was coming into town. I just couldn't s****e up the 30 grand in 3 days....

 

The owner, and the common man are never the ones who make the money on these kind of deals. The buyers travel in exclusive circles, and name and reputation are everything. Whatever the owner sold it for will pale in comparison to what it sells for. It is a Small market of buyers who know each other, and will wait out the little guy trying to make money. Doesn't matter if its a Hemi Cuda or a Duesenberg, or a Stutz. Oh the Beauties I have seen though.

 

Do you think 30,000 was a fair price? is it worth a lot more than that?

 

30 seems low. I've been out of the game for a few years though

 

Lets not spoil this find and turn it into a who has more money chat. Bob

 

If the OP contacted them(Carini's people?) days prior to going to look at it it sounds as if he was just going to try to flip it to make a quick buck anyway, no? Neat car!

 

Thats what I would have done in this case!
The car is beautiful but useless to people like most of us. I mean what can you really do with it!?!?
The only thing its worth is the money it can generate until it gets to the people who GENERATE money.
Then it gets preserved, stuck in a private museum and rolled out a day or two in the summertime so the undeserving can drool over it.
I'd rather have my T and drive the wheels off it than a running/moving STATIC display like that basicly untouchable "time capsule" Stutz.

 

I wonder what you would of done with it anyhow. It is not something that you would turn into a hot rod or custom, so maybe it was not that big of a loss. You would of figure,that they could have the car roadworthy, with the time they had. It is for sure that other than the price of the vehicle, the time it took to obtain the vehicle and what little maintenance they did on the vehicle, they were not going to put a lot into the vehicle, thus hoping for a large return on their investment. This is the kind of event that will occur when you have flippers and buy to sell type people within our environment.

 

He said 30,000 was the price

 

That was a really low asking price based on the current market.
http://www.conceptcarz.com/vehicle/default.aspx?carID=11895&i=8

http://www.conceptcarz.com/vehicle/default.aspx?carID=20300&i=8

Some examples are moonshots, prices that go well beyond expectations. Auctions can also produce high or low numbers depending on the sale itself and the bidders who fight for it. These results show I'm off about $100K, but in another sale/scenario I could be low too. It seems that at sales like Amelia Island or Pebble Beach, obviously there's more well heeled buyers willing to fight for something. In my honest and current market opinion that was a smokin good deal. I love the car and would have a hard time parting with it.

 

His show should be called Chasing money.

 

sorry, I cant hate on Wayne. I know if I would have bought the Stutz for 30k I would have ruined it. These guys that appreciate the original cars know people who can revive powertrains.

I wasn't a fan of what they did with the fuel tank but I don't want to ruin it if guys haven't seen the episode.

 

Spot on. And as Highlander mentioned, well heeled buyers may fight for the high end cars as they can afford to.
Also consider when multi-millionaire professional flippers such as Carini , Gas Monkey, etc. get involved, they can afford to pay more than market value for a car (outbidding the general public) because they sometimes are "proactively shopping" for a client that can and will gladly pay above market for the right car (and not have to deal with the stress of an auction, it's premiums, etc). They already know what they can sell the car for without even listing or auctioning it. This, ultimately drives up the prices of high end cars, when a "$100,000 car sells for $120,000).

The pro flippers can afford to gamble by paying "too much" and even take an occasional loss because they do so well on most of their other deals. It's like high stakes gambling.

 

And why the hell not ? And why would a discussion of who has more money spoil it ?
If I had the chance to scoop it for $30K I would have sold it to Wayne for $80K.
If he didn't buy it then I would sit on it for a while.

Life is always about who has more money. Get used to it.
In most cases the other guys have more than me, I don't worry about it.

 

Yep I would of sold it also. Then buy a hotrod for every day of the week. Those highend cars are cool to look at. And having in preserved and not restored I think was vary cool.

 

I have been a hot rodder all my life but there are some cars, like the mentioned Stutz that should not be modified. Super rare car and it should be restored. I have met Wayne and he seemed to be a real nice guy. We had a nice conversation and was interested what I had to say and did not talk down to me. I think $30K is too low a price for that car.

 

My grandfather had a Stutz - not sure what model but it was around the late 1930's.
I've always been attracted to those cars - I spent over two hours looking at all the Stutz cars at Amelia last year.
I've met Wayne Carini and he seems like a genuinely nice guy - and he appeared to be as excited as anyone could be to find a car like the Stutz. I think he did the right thing with the car in preserving it and keeping it original. I'm sure the gas tank thing was a temporary measure to get the car running in time for Pebble Beach.

The pressure of getting a car prepared for an event like Pebble Beach is intense - I'm amazed they got the car operational and cleaned up in only four months. Hats off to Wayne and his Stutz expert for pulling that off and congratulations for the well deserved award they got at the show. Just an amazing story. I'm surprised the initial price would be that low. I would have bet Wayne could have paid more than double that and still gotten a bargain but buying a car in pieces is a tremendous risk - especially if some vital and unobtainable bits are missing. As it is he got a hell of a bargain.

Its a lesson for all of us - when you see something that is that neat scoop it up if you can... I'm still kicking myself for not buying the lightly crunched 289 Cobra for $1800 back in 1972.

 

Hey guys. Car guy here who stumbled onto your message board researching this 21 Stutz. You have a great site here.
Anyway, I found a page talking about Pebble Beach this year and he brought some facts to light about this car (and after watching the show, he seemed to have a couple things wrong so who really knows). The writer states that, after talking to Wayne, the original owner took it off the road to perform some repairs but then died before it was completed and it just sat.
So at least that explains one mystery. Here is the article I found it in.

https://carmacarcounselor.wordpress.com

 

Interestingly enough I just watched the episode on Velocity about a hour ago,cool car. HRP

 

Lordsoflolo, Welcome to the HAMB, thank you for the link. There more than a few fellow members who enjoy the older historic cars, and they do turn up here and there. That like has some great photos, Pebble Beach has been on my Bucket List for well over 30 years now. Bob

 

$30K......!!.....................................................................Carini...R,M,F,

He found, He Bought it...And He'll Sell IT!...can't wait to see for how much.

 

The pressure of getting a car prepared for an event like Pebble Beach is intense - I'm amazed they got the car operational and cleaned up in only four months.

Its a lesson for all of us - when you see something that is that neat scoop it up if you can... I'm still kicking myself for not buying the lightly crunched 289 Cobra for $1800 back in 1972.[/QUOTE]


Karrera-

Getting a car ready for Amelia or Pebble Beach is a ton of work, but let me tell you, the people who get ready to put on the event go through a special madness themselves. I have seen my Dad and his compatriots work down to the last minute getting ready for the Amelia. (My Dad has been with the Amelia for a number of years and is currently their Historian. He keeps all the records and also writes the Biographies of the cars and owners, trust me it's a lot of work.) I'll have to admit that while don't get "star struck" by celebrities, I do get "car struck" when walking the field at the Amelia.
So, Barn Hunter, you may have missed this one but there's another out there with your name on it. Besides, losing out to Wayne Carini strikes me as an upgrade to the big leagues for you. I wish you good hunting, Barn Hunter!
Personally, I'm looking for a European car, maybe pre-war? I have no idea for sure but I keep checking things out in case the one that I'm looking for pops up someplace.

 

p***ed on a 289 cobra that was selling for 3 ,600.00 off a used car lot in 1975 or 1976 . couldn't get the 500.00 down payment he wanted

 

I remember going to Hersey in 1968 in my friend's 1915 Hudson touring car. We drove up from Maryland and the top speed was only 45mph. It took a while but I really got an appreciation for Antique cars. While walking through the vast field of cl***ics with my friend, we came upon a restored Stutz Bearcat. In 1968 he said these things were super rare and was probably worth $50,000 then. I'm sure Wayne paid in the neighborhood of 75,000-100,000 for this original Stutz. That would be a deal now due to it's completeness and originality. I'm not a Numbers match type of guy, but to find this type of Rare car at this time in history in it's original condition, is truly a rare find. Really too bad our HAMB Member could not score it. There aren't many of us that has a spare $80,000+ laying around but I'm sure there are some!