Ok, Who's hoarding up all the good stuff??

Good assessment, you nailed it.

 

Yeah, the same thing happened with bikes in the 1990's. When i got my first Harley in 1986, it was affordable. By 1988, i had three. Then all the fat middle-aged dentists, accountants, lawyers, stock brokers, etc... all bought Harleys. They got their leather jackets, pants, boots, and bandannas, of course, all with the Harley-logo. In my area, these ass-clowns rode all over town wherever they could be seen. The price of Harleys, new and used, got driven up out of sight. These wannabes had the cash to plop down, and even bought every piece of crap, made in china do-dad that could possibly be bolted on to their festooned garbage barges. Most dealers took advantage of these suckers and added chrome crap to the bike as a required package to be purchased with a new bike. Anyway, after a while, they either got too bored, or too old to ride them, and now there is a glut of these bikes on the used market. Since this rich group lost interest and moved on, the stock of HD is way down and they had lay-offs, after years of great growth. Of course, now there are thousands of reasonably priced bikes, which would have been pretty unaffordable ten years ago, in the secondary market that could be used as a starting point to build a great ride (after getting rid of all the bolt-on crap that these fools stuck all over the bikes). Now the guys that were not into it for a fad can afford good stuff again.
The cars bought at Barrett Jackson will be garaged for a bit, and when those elderly owners are gone, they will be available again at more reasonable prices. It is the cycle of life.

They never got their hands on this one:

 

Maybe I'm a hoarder only because when I sell something - then 2 -3 years later I need the part & have to pay 3 times the price.

What i've done recently is decide on one engine family (FE Ford) & totally hoard those parts. along with Toploaders & 9" rearends.

As far as cars I sold 18 befor I moved to Oregon & only kept the ones (6) I want to finish.

Movin/on

 

I wish i was hoarding hot rod stuff. anything at all costs a mint.... er... i mean the reason im building a rod out of something different is i got bord with my stockpile of belly tanks and auburns and shoebox fords...yeah right

 

However there is a cash buyer who will pay double what prices where 20 years ago. The crusher man. I wasnt gonna do it but Im beginning to haul some to the scrapper. I offered them on EBay and craigs list for $200 apiece and never sold any. Now with scrap at $100 per ton A 100 vehicles should fetch about 30 thousand dollars and with no hassle. OldWolf

 

that's how I have ended up with 10 hot rods...stuff nobody wanted or gave up on, I keep buying selling, and have a nice collection now...alway looking, everywhere I go...Parts/Projects/People....that's the fun of it, has been 33 years, not stopping now, I am a car guy, always will be, wife loves it...why stop....but your right people just are not spending cash now...want to trade for a 87 Escort......

 

I was up to 6 vehicles recently and realized i really didn't enjoy it. It was all neat stuff, but I couldn't keep up on everything that they all needed, and I couldn't keep them indoors either. I sold 2 off at less than what I thought they were worth, but I'm rid of them, there was cash in my hand and that's 2 less to shuffle around the driveway. I have 1 more I am giving to my brother because of its family history, again, just to clear the space.

I have a few parts laying around which I may or may not use, but nothing like 450 Strombergs. I am also happy to let stuff go cheap when I feel that the buyer can honestly make use of it. I'll even give stuff to close friends if I have it and they need it. I'd rather do that than watch them spend moey on something I already own and don't plan to use.

I will certainly agree that the television coverage of old car stuff in the last 10 years has driven prices up on everything. It pointed out the the generation that had them when they were young that they NEEDED one. it's the American way. Honestly, have prices outpaced inflation? Used to be able to buy...for ...but how does that compare to new model car prices, homes, bread, and milk? Ok, off my tangent.

If you own it, it's yours to do with as you wish. I know a guy with a really desirable 1980 Toy pickup, who is going to crush it because he can't stand the thought of somebody else owning it or leaving it out at night, much less building a rock crawler or something out of it. I think he's crazy and stupid, but it's his and he can crush it if he wants.

Devin

 

I think it's hilarious that some of you guys think all old car guys are 85 years old and that the prices are going to drop in 10 years when they all die off. What shows do you go to that are all full of guys with walkers and oxygen tanks? Do you think all the HAMB members are posting from the retirement home?

Equally funny are the people who think there aren't any good deals right now, because of hoarding. Look around, there are a ton of good deals right now, people who need to sell stuff off and I doubt the prices will ever be as good again as they are right now, at this very moment. Maybe you're just not finding anything because the only cars you're interested in are rust free '40 Ford coupes and '57 Belair 2 door hardtops.

 

I agree, 100%. I've been seeing Model A coupe bodies (in similar condition to mine) going for about a grand less than I paid. In February I bought my 26/27 Roadster (basket case but RUST FREE) for the cost of what bodies were going for not that long ago.

But it's like Squablow says, some stuff will always be desirable, although, I think the prices have come down on that stuff too. The original 32 5W that may have brought 80K 4 years ago isn't doing that now. Not from what I've noticed anyway.

 

Its just stuff. Who cares.

 

What he said. I'm a little heavy on iron at my house too but like Joe Dirt was told "this isn't UNICEF". My stuff can sit.

 

Quote:
Originally Posted by DualQuad55
plenty of stuff out there, no one wants to spend any money on it though. Everyone still wants to buy stuff at prices from 20yrs ago.

It's like if stores held out for old prices on CRT TV's. People are not going to pay prices for a 27" CRT TV that they would have paid 10 years ago. There are alternatives. Therefore, what people will pay is what it is worth. Sitting on stuff won't necessarily make it more valuable, people will just move on to other items of interest. You see guys restoring cars that years back, nobody would have thought of putting money into. What they wanted was priced too high, so they found alternatives that worked out just as well for them.

My friend is into early '80s Caddies. He noticed this mint '84 Eldo Biarittz convertible in this guys garage around the neighborhood whenever he left the door open. It was always clean and never used anymore, as the guy's eyesight went bad. My friend was always offering the old dude around $6000 for it. He tried off and on for about 6 years to get it. Finally the old dude died, and my friend went back and got it for $2500 from the elderly wife. That original $6000 could have been put into a CD or whatever and provided better for the wife, but the old guy just wanted the car to sit. Like i told my friend "Your patience and his stubbornness was his loss and your gain."

Like i said before, unfortunately alot of stuff that could have brought in decent money if sold by the knowledgeable owner who did all the work and knows the history of the car or part, winds up getting sold off for quite a bit less by an elderly wife or daughter, when the owner passes on. He would have been in a better position to talk up the item to prospective buyers, and could have realized more cash from selling it than his family could later. If you are a 30 year old guy, it doesn't apply to you so much, but i see alot of older dudes in this hobby that would be better off thinning their stash a bit before they leave this life.

 

you must be right. prices for 32-34 Fords are dropping so fast...all these cars not finished sitting in garages are being sold off for next to nothing.
Or I could buy a rotted truck cab out of a field and mount it on a 2x3 box tube chassis and tell everyone it's just as cool as a nice coupe or roadster. Plus it's more traditional because I worked with the junk I had instead of buying something decent.

Yep, your right. I appologize for my ignorance.

 

Think about that for a minute. (G)
Maybe their heirs would be better off (and if they had ANY interest in the cars, they'd have a pretty good idea what they're worth), but I don't think it's gonna matter much to the dead guy.
And sometimes in not "all about the money". If it were, you'd be better off investing the money to start with, not using it to play with old cars.
Larry T

 

Yeah, i saw the good deals this guy got on those two older fords.

 

You are clever! A model A is exactly the same as a 32-34 in value isnt it?
I can see by the cars you currently own that you must be up do date on the values of pre war cars. Yeah, and comparing old cars to high tech electronics works well here too.

By the way, I want my jacket back.

 

I don't know if you have a family, but it does matter to me what happens to mine after i'm gone. I intend to provide as much for them as i can. That's why i have life insurance, etc... Sometime in the future, i will liquidate most of the stuff that i accumulated over the years that is worth something to others, but nothing to my family. They could probably use the cash and the space for better uses anyway.

The old guy in my post was not playing with his car anymore, it was just sitting. He was getting no use or enjoyment out of it. The ideas of my original post was that the value of something at any point is what someone is willing to pay for it at that time, and that hoarding much more of an item than you will ever have use for or want to sell is usually not an effective use of your time or resources.

 

When a guy says nobody wants to pay me what my stuff is worth,what he means is,what his stuff is worth to him.If no one will buy it for what he wants he has decided to keep it.Nothing wrong with that.

 

Hey Joe (why did I just think of Hendrix),
It just hit me as kind of funny, in a morbid kinda way, talking about what's best for him after he's dead. Don't take it to seriously.

A couple more thoughts:
If you take anything away from your family to pay for your toys, then there is something wrong with your priorities. If you have life insurance, then I can see you are serous about taking care of them.

As far as him not getting any enjoyment out of the car because he's "not playing with it anymore", wait until you're his age and see if your opinion changes any.
Larry T

 

where are these 32-33-34s that the prices are droping so fast on?
tires are up on my trailer lets go! ill take a few.
or can i drive em home?!!

 

Yeah, if he had said "Nobody wants to pay me my price" nobody would have commented. We would just realize that his price is out of line with what it is worth.

 

I had a guy do that to me once and I fell for it. Same thing happened. I saw the car for sale for more just a week or 2 later. I confronted the guy and he gave me some song and dance on the deal. I just don't believe these stories any more. I was selling a 69 Barracuda this summer and some guy brought his kid over, looked the car over real good, and started giving me that same story - that I should cut him a deal since it was for a father/son project. Blah...blah...blah. I just looked at him, forced a fake tear to my eye and look on my face, and told him I was selling it to help fund my nephew's kidney operation. We needed the funds to help with that. He kind of hemmed and hawed and then decided that the car wasn't what he was looking for in a father/son project afterall. Yeah...go figure.

 

the prices on 32-34s are not dropping. I was being sarcastic.

 

I'm hoarding some pretty cool chit. You're close how much money you got.

You don't need pics just come by and save me the trouble. Bring pizza and I'll let you touch stuff.

 

yeah their wives will all be giving them away when they drop and it'll probably happen all in the same week. 'get ready!'

 

I've been trying to sell a 37 Olds and can't even get a bite. Solid project, with all the stainless. Won't have to search for any parts...

 

I just bought my henry j for what I believed to be a fare price, I asked the seller what his bottom line was and agreed to that price. We both walked away happy

 

DAmn.....that Olds is badass........too bad I'm broke.

 

What are you looing for??? A project for yourself or something you can turn to make a buck on??? There have been lots of decent model A sedans in the area on Craigslist in the 4 to 5 thousand dollar range. It took me a long time to get my 32 5 window project. Progress has been slow, but it's paid for and it's mine. People aren't giving up their cars or projects so someone else can make a living off someone else's sold dreams. There are lots of 32 fords in the K.C. area, but most aren't for sale. I do know of a couple that the owners are looking for a good home to pass them on to... but it would take years to gain their trust and respect. Talk to people at shows, save up some money,and you'll get your dream car someday.

 

I was at the local swap meet at Belmont Racetrack saturday and overheard two guys talking at a vendors table and I remembered this thread. I don't know what things they were talking about, but, here it is:


A- You wouldn't sell any of them?

B- Nah, although I AM tired of moving them around in my garage to get to stuff.

A- You're probably not going to ever use them, right?

B- Yeah, but I just like to be able to say that I have them.

A- Yeah, I got it.

B- You know, i just like to go out there and stare at them sometimes, just 'cause i got them and like to look at them.

B- Yeah, I know what you mean.