The 1947 - Present Chevrolet & GMC Truck Message Board Network - How much would you guess these trucks are worth?

The 1947 - Present Chevrolet & GMC Truck Message Board Network (https://67-72chevytrucks.com/vboard/index.php)

- The 1967 - 1972 Chevrolet & GMC Pickups Message Board (https://67-72chevytrucks.com/vboard/forumdisplay.php?f=3)

- - How much would you guess these trucks are worth? (https://67-72chevytrucks.com/vboard/showthread.php?t=211427)

Re: How much would you guess these trucks are worth?

The last real stereo I worked on with my brother had a total bill of $125k. That did not include the truck price or the custom work done to the truck outside of the stereo. The truck won 17 straight first places and 8 best of shows the first year, went to IASCA Nationals and won 1000 watt unlimited consumer class, plus set a new SPL record (before the days of 90db rules and db drags). It was featured in Truckin' and Auto Sound and Security, then sold for $35k.

The $125k stereo worked out to include $50k of labor. It was an incredible truck and won everything it was entered in. But there is no way it would have ever sold for that price.

If you buy a chopper from West Coast Choppers, you will pay $75k+ for a $30k bike basted on name alone. I don't know of many people who have that level of pull when it coomes to our trucks. A few guy's on this board should, however.

Re: How much would you guess these trucks are worth?

Quote:

Originally Posted by special-K (Post 1811403)

I don`t put stock in appraisals either.That`s just for replacement cost for the insurance company.

I agree with alot that you are saying. But on the appraisal side there are 2 types. One is the replacement value as you mentioned for insurance and the other one is actual value. This will also depend on who does it. I used Silver Collector car auctions and they search through theres and other auction data bases to come up with a close value. I had both done and the replacement one was alot higher than the actual value.:b69:

Re: How much would you guess these trucks are worth?

Quote:

Originally Posted by HUEVUDO (Post 1811540)

the really nice blue truck is in texas. I talked to the new owner, he had just bought the truck from the two guys who built it together. It had just come out in the magazine i think classic trucks i do not remember which magazine. I am sitting at a little bitty truck show and here comes the blue truck. I had the magazine in my truck on the seat. The men built it for around 75k. They gave him all the reciepts when he bought the truck. The new owner told me he had just sold something else he had and bought the blue truck for thirty eight thousand five hundred dollars. He drove it to the show from where he lived which was about 45 minutes away and was scared every second that he would get a rock chip or something would happen to it. This is what he told me. later

:jdp:HE DROVE IT???!!!:jdp:

Re: How much would you guess these trucks are worth?

Quote:

Originally Posted by Huck (Post 1810795)

What they might sell for is a really tough question as it takes a special buyer to be interested. If you watch some of the barret jackson auctions, the mopar muscle cars, Mustang-Camero-Corvette-big blocks -etc. bring way over $100K. Trucks don't bring anything near that yet their cost to build a show truck is not much different. The demand is MUCH lower from a buyer perspecitve. I would bet either truck cost well over $60K to build but wouldn't bring near that at auction which makes building one a work of love verses good business sense. It is very rare to see a professionally built 67-72truck or blazer - bring anything close to or over $35K so build them as you like but don't expect to get rich in the selling process. Of course there are always exceptions butttttt, I haven't seen many in 25years of messing with these trucks.

I AGREE TOTALLY HUCK ... I USUALLY BUILD FOR AROUND 11 & SELL EM FOR 8. WE ARE A CRAZY BUNCH!! YOU'D THINK WE WOULD LEARN FROM ONE OR TWO... BUT NOOOOOOOO. :crazy: :lol: JOHN

Re: How much would you guess these trucks are worth?

Show trucks.The point behind trucks done to this level is to show(and win trophies) with them.Many of the cars Roth and Starbird built in the 60',70's were slightly less detailed but unique in design.They were built to impress people with the design and execution.Style is a fickle thing.This years $6,000.00 designer dress is probably not going to wear well next year.But it may be the hit of the show today.As show vehicles age they lose their appeal because of being last years style.Even "rat rods" are a nostalgia type style.So at the height of the popularity of these show trucks they may be worth $60-70,00.00 but after the style fades a bit they will be drivers for around$30,000.00 and then wear and tear will lower their worth even more.

Re: How much would you guess these trucks are worth?

I'm a licensed real estate Appraiser, and definitely don't want to get "preachy" on this subject, but: what you say concerning our trucks (personal property) appraisals is exactly true for real property (real estate) appraisals, too. I don't do personal property appraisals, but a lot of things work just the same way.......

Cost has very little to do with Value, though it is used as one of the Approaches to Value Estimation (how you get to the final appraisal conclusion). New Cost (replacement - or "insurance value") almost ALWAYS over-estimates Value on houses. In a normal market (not during a time of foolish inflation & speculation), they won't bring, when offered for sale on an open market, what it would cost you to rebuild them.

Further, these trucks have had what is known as a serious amount of "over-improvement" done to them, carrying the cost to reproduce them way "above the market." It's like the guy who spends $ 100,000 for a new custom swimming pool at his house in a $ 150,000 residential neighborhood. Sort of stupid, if you're looking for top-dollar return on investment.

It may have cost that much to do, but you'll just never get it all back. That's "the market."

That's also the "labor of love" thing. Very easy to spend too much.

One of my appraisal instructors used to say:

"It IS what IT IS --- meaning: what it's really worth is defined by: WHAT it is, WHERE it is(location-location-location), HOW it is (condition), WHEN it is (now - not next year or last year), WHY it is (being sold - motivations: fire sale - or not motivated at all, etc), and WHO it is (both selling it & buying it - motivations again)."

One of my other instructors (I liked him a lot better) used to say: "No matter how hard you polish a t*rd, it's still just a _____."

All pretty similar rules to everything related to our current discussion......