I have a '28 Henry R/PU for sale on the for sale message board and I asked for some input about what I was asking for the car. I put in a price of 23K which most folks felt was way to high. Considering what is available for sale it seems to me to be reasonable (it's real Henry steel) but there is mixed opinion about the price. What's happening with the prices of our cars and is there a reflection in pricing from the crazy stuff that's been happening at places like Barrett-Jackson? Are our cars priced right, overpriced or just on the cusp of the next price jump? Jalopies (my favorite term) are getting to be more popular all the time and I have been seeing more and more 'gl*** cars with painted rust and faked patina. What do you think about value and where we're heading? I guess it always comes down to what the market bears is the right price, but what bears are we talking about? Hotwood
You whine to much. If you want to sell it..SELL IT. If you want that kinda money try ebay, there are a million idiots willing to pay to much for something.
Watching the market, it seems as though the muscle cars are obviously hot right now, and lately, the '62-'64 GM's are going through the roof. Add to that '63-'67 Vettes, and it seems that all of the attention, from a collector's standpoint, anyway, falls into those colective areas. Consider that many people getting involved in the "car thing" right now aren't bonafide car people, but investors, and people brought into it via TV shows like Overhaulin' and American *gasp* Hot Rod.... And what cars do they build regularly? Not traditional rods, that's for sure.... Sadly, from an investment point of view, it weakens this side of the market... almost as though it's "unappreciated" or "misunderstood" from a value standpoint.... I think it's only a matter of time until the pendulum swings back, and we see the value of these cars go completely haywire (monetarily speaking anyway) I think that arenas like the HAMB serve to strengthen the historical significance of traditional rods, and thus, will help to bolster the "traditional rod economy" in the future.... just my $.02 though. I tend to be wrong rather often, at least according to my wife. I'll go ask her.
its not that your car is over priced, you're just trying to sell it to the wrong crowd. everyone who sees your ad say to themselves....."hell i could build that for $**x"
If you think your time is worth $30 - $50 an hour drinking beer and hanging out in the garage, you are in this HOBBY for the wrong reasons. Everyone on this board knows what it would take to put that truck together, and we all know it's not $23K, unless we had to pay someone else to do it. Keep in mind that Barrett Jackson is rarely about what the car is actually worth. It's usually just a few guys with more money than brains who want the same car, are hell-bent on being the winner in a contest, and are being egged on by the T.V. cameras, the excitement, and the B-J "***istants" telling them to bid higher. You've got a decent $10-12K truck there. But it has no firewall, no wiring to speak of, and no paint. With those things, the value would go up, but right now you are selling a drivable project for someone else to complete. There's nothing wrong with that, but I doubt anyone here would pay what you are asking.
I am going to have to agree with the majority here... People, who have no desire to actually build, will always pay the big bucks to be "hip and trendy". They will also pay way too much for a P.O.S. if they think it will make people go "OOO-AHH-OOO-AHH". For the most part anyone who isn't really into the hobby is just a follower of a trend. Pastel paints, heartbeat graphics, and billet wheels cost no more than black, flames and steelies - but when it was cool people produced the coin. You see the same thing today with the faux-tina or bare metal. There is no way anyone would have shelled out 10Ks of dollars for a bare steel car a few years ago - let alone one with rust; real or fake. Bare and crusty is just "cool" to joe public now. I am not saying your p/u is or isn't nice. What I am saying is your need to present it to the "right" people if you want that much.
Exactly... but the sad thing is, with the market flooded with "investor types", many are led to think that what happens at B-J is gospel. Like anything, you need the right buyer at the right time to sell anything for the "right" price....
Yep.........heck.....with looking at the "HAMB" (help someone out) forsale ad's lately and the prices, I am thinking about selling a set of King Bee headlights for $500 for the pair..........Oh yea, 23G's for that truck?......Kinda' steep for what you could chase and build over the years, but I did tell a guy the other day that my chopped Model A coupe was forsale for 20G's and the wife told me, what would you have done if he said "OK"..........Take the coin and onto the other project (Bonneville Tank).
You're on the HAMB...we throw cars together like that all the time. We don't buy cars like that for $23K. Sorry if I'm being a ****, but let's get serious here. Hit up Egay. Some yahoo might give you that much for it.
Well the thing that ****s about "investors" is it raises the prices for everybody. It doesn't matter if the car is cherry or rotted out from the door handles down. I have been offered what I feel is some decent coin for an F100 I have. It has some "cool" stuff like a tri-carb, dropped axle, etc. I would get my investment back 4 Xs over, but then I would have to turn around and find another one, probably spend all my cash, and not have somethig as nice...
That about sums it up. IMHO if it had decent paintjob it could turn a truck like that from being worth 12k to being worth the 23 you want...
On topic (what's a hot rod worth?)...who ****in cares? Related topic (Barrett Jackson)...who ****in cares? It's worth what someone wants to pay, period. They're correct in the above responses when they say auction the thing. Sometimes a car is not worth the sum of it's parts, sometimes it's worth more. To me (I haven't seen it yet) it's nearly worthless cuz I'm 6'2" and 240#. I need a tudor or something newer. And back on B-J...there's gonna be some people that have been put to sleep in the cars they buy from a financial perspective. A ****in Chevelle conv should not be worth $450,000, let alone a ****in million. It's a ****in Chevelle for crissakes!! These people won't be able to trust a fart they been screwed so deep. Oh well, I wish I had one...to ****in sell!!
The HAMB ... is a tough room ... Nothing much evers sells here for that kind of money ... The ... exceptions I know of were ... 32 Fords and 40 Fords ... May be a few others BUT look at what else is listed on the HAMB cl***ifieds. Rarely anything over 5 or 6 grand listed... Most everyone here ... has 2 or 3 TOO MANY projects already .... Added to your sale problems are ... 1) Model A's were/are common 2) It's a roadster ... ( bad all weather vehicle ) 3) It's a 2 person vehicle ( family man with 3 kids ... No buy ) 4) It's unfinished ... really ... not just a primered ride ... it is unfinished ... 5) Belly ****on ... SBC and a 8 inch rear ... 6) The value of the parts ... DO NOT ADD UP to 23 grand ... Sorry ... just the truth ... IMHO ... I like it ... BUT like others here ... I do not need it Put it on eBay ... you might get lucky ... GOOD LUCK ...
Thanks man I needed a good laugh and I'm sorry but $23k for that thing is migthy steep.... Anyone want a '22 Buick Roadster for $27k...
Hell yeah!!! My 98 is officially for sale... I should be able to get...what...at least 20 ****in' grand for it right? OH WAIT!!! Someone said that '62-'64 GM's are goin' thru the roof right now...MAKE IT 40k!!! **** that. If you build a car and yer worried about how much you'll be able to sell it for, yer on the wrong train khemosabi. Go sit in a lawn chair with the other goldchainers. Olson
Count em' ....that's 6 "****in's" in 10 sentences. Surely an english lit major such as you could have squeezed in a couple more '****in's' . I am disappointed . ****in Kermit
I find myself doing the wrong thing. Ill flip through the programs on tV, and see the barret jackson auctions. I think to myself, if that is work x amout, then i should be able to get about y amount for mine. My figure is usually inflated beyond reason. then reality hits me, and i think of, 'auction fever.' I do the same thing, i paid 80 bucks for a 1928 wyoming license plate that i cant even run on my car, and its not worth that much, but i wanted it. Just because one guy pays something for a car, doesnt mean its worth it, and you cant value your vehicle on what you see others sell for. Its worth whatever you get out of it, no more. Hell, id be happy if my sedan was worth 10k. It would only make me feel good. I have no plans of selling it, and i dont want to get rich off of it. I enjoy building, and driving, screw the profit, unless someone offers me a huge amount of money that i just cant p*** up, and that hasnt happened yet. trey
For 23 you can get a nice car with paint and an interior....and your car has a piece of lumber for a firewall.... let's be honest, you're marking up what you have in it at least 10k, and no, your time doesn't count. more power to anybody that can actually make money building cars, but by far most people lose their a$$ when they sell. if you can get 12-15k, I'd say you're at the high end. I've seen way cooler go for less. That said, on the right day, on ebay, who knows? Best of luck to ya, hope you make some dough.
well, im in the used car business, so my thoughts are a little different. but, im also a kid who has been spending his every dime i have on supplies and parts and etc. and it would be nice to know that if i want to move on to another different car i can get some of my money back to do so.......but if i dont thats fine, this is what i dig.
Outlaw- "You whine to much. If you want to sell it..SELL IT. If you want that kinda money try ebay, there are a million idiots willing to pay to much for something." Brevity is the soul of wit. -Bill
On the serious side, have you not done any home work? Have you not looked at what cars like yours are selling for? Rule of thumb here is- You will NEVER get out of it what you have in it. Period.
Hey, thanks for all the input guys. Ebay ****s so it won't go there. And your right about 23K being high.....it's easier to come down than it is to go up. As far as the sum of it's parts.... most of the stuff on this car is new, with the exception of the body/frame so it's not a cheap "throw some garage **** together" car. I've built 'em like that and the labor eats you alive.......I'm too old to spend THAT much time on a ride. It took me ten years to get the car rolling as it is. Maybe I should **** it up and paint it. I can blow the car apart in a day (the benefit of simple hot rods) and it wouldn't take more than a couple of weeks to get it shiny and then what would I have........another street rod that everyone wonders if its 'gl***, repop steel or real. Stuck between a rock and a hard spot. Hotwood
Here's an example from me. My buddy would have sold this car for 19-20K last fall. It's a steel 28 A sedan. Green metalflake paint channeled 6 chrome garnish moldings' custom dash custom tail lights new chrome steelies and cokers polished firewall chromed zoomie headers painted to match flaked steering wheel Good Ohio ***le 32 shell/insert all new dropped ibeam frontend all new wiring 57 chevy rearend etc. etc. He wanted $20K or close offer. Then decided to keep it and finish the interior, then it got wrecked. It's now forsale as a scratch-n-dent Just an example from me
"Maybe I should **** it up and paint it. I can blow the car apart in a day (the benefit of simple hot rods) and it wouldn't take more than a couple of weeks to get it shiny and then what would I have........another street rod that everyone wonders if its 'gl***, repop steel or real. Stuck between a rock and a hard spot. " Maybe you should just drive it?
I've read all of Hotwood's posts with much amu*****t. Hotwood, you seem to be all about the money. Maybe another hobby would be more to your liking. Stocks, bonds, commodities, no personal interest in those. I myself have only sold 2 hotrods in all the time I've built these things. Both times it was to show the wife that at least the cash outlay for parts could get recovered. I really enjoy the building end, with the driving end coming in a distant second. I find that when I tire of a certain car, it's easier to cut it up and save the good bits and pieces for the next one. I have a different outlook than most though... "If you didn't build it, you ain't getting it from me". I'm also the guy at the car shows with the blank reg form parked over in the corner. At swap meet car shows it's usually way cheaper, and a much shorter distance to walk if you enter. So Hotwood, if you don't feel the p***ion, go for those money hobbies I mentioned.
Good call. I agree with the general thinking that if you're in it for the money, you're obviously not enjoying, or getting the whole idea behind this whole hot rodding thing. It's not called "Hot Money", 'cuz, well, let's be honest, I can't name too many close friends that ever made money selling a project, and I'm not in it for that... If I break even, or have enough cash around to start another project when one leaves, great... Why not get it driveable, and enjoy the thing? Tjhe best cars I've ever owned were worthless, monetarily, but priceless memory-wise, and left a smile on my face that never really goes away.
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