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-   -   What are show quality trucks REALLY worth? (https://67-72chevytrucks.com/vboard/showthread.php?t=421344)

VA72C10 09-27-2010 08:58 PM

Re: What are show quality trucks REALLY worth?
 
Quote:

Originally Posted by 7dguy (Post 4212917)
I'm looking at another truck and spoke at lenght with an appraiser today who cited one sale of 28K and another of 22K within the last 12 months, being the highest two confirmed transactions HE is aware of. He claims a median sale of 11K and an average of ust over 6K. Thought it might be relavent given the nature of this thread. He also noted that the market continues to decline rapidly. Met another guy who has better luck selling to Europeans.

I think he's looking at a very limited sample base. There are trucks that have sold on barrett jackson for more during that timeframe and if you check ebay completed listings there have been trucks that sold in the 60's range including stacey david's as mentioned...

That being said, the market is declining on the higher end vehicles. The cheaper vehicles seem to be going up right now actually. I saw (in and around my area (VA/NC/MD) several driveable (needing full restos) trucks selling for 500-700 a few months ago...now they're back to 1000-1500

rob32472 09-27-2010 09:00 PM

Re: What are show quality trucks REALLY worth?
 
Quote:

Originally Posted by Jobe72 (Post 4213002)
Do you think there is anyone out there that looks at that truck and says " oh my god, that is exactly what I've been looking for!!!!"

I do everytime I look at my truck!:lol:

magwakeenercew2jh 09-27-2010 09:18 PM

Re: What are show quality trucks REALLY worth?
 
3 Attachment(s)
For a bunch of reasons, including geography, access, and need, I made friends with Mark and SAtan at Early Classic Enterprises during the (non-correct) resto of my last REAL truck, a metal-floor '72 SWB with a 350/350/350
(Ha!...The middle one is the HP) .

The primary reason we made friends is that they were WONDERFUL to this rookie while I was building. Going waaaay further than just a bunch of folks that make a living from selling parts.
Aside from the friendship, which in the long-run has been more important to me than the truck, the result was that the truck made a really large and nice "reader's ride" spread in Classic Trucks (March of '04) and landed on the ECE website.

I was proud of the truck. But, alas, doo-doo happens. The truck was sold as a part of my retirement plan. I went down to ECE to check the bulletin board they have on the wall. I asked the guys what they thought I sould sell it for.
They said, "Write down what you have in it".

I didn't want to do that. I was already depressed enough by the realization that the proceeds of the sale had to go to spring me from the ball and chain of a 42-year work span.
But I did. It came to just over $26 large. Not a show truck, mind you. Okay, enough of a truck to win a couple of local get together shows. But not like many that grace the pages of this Board.
So, I made a list and then told Mark and Stan how much I had in it.

They both (if I remember correctly) piped up at the same time: "Cut it in half!!!"

After that, I took it to one more show. I put a for-sale sign in the front and rear window. Talked to the usual suspects all day. It won. The next day, a local guy called.
He came and drove it home for $12,000.

Point: The trucks bring what they bring on the day you sell them. As an investment, I absolutely believe that a lousy rate on a CD is a better idea. I respect the perspective that questions
how much to put into a truck...or even car for that matter (especially if it's a '79 falcon station wagon).But our investments are made not so much for the pure dollar value of the net.
The "value" is a little more esoteric. Much like a trip to Europe, or wherever, it's about the experience.
Including the pleasure (HA!) of the build.

I should know...I'm lame enough to be doing it all over again.

Here's the first one. A few more that you can "click" on at http://www.magwa.org


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