Mecum prices

[engineer_gregh]

According the the Mecum site the bid goes on at $24K. The gentlemen that owns the truck had it at a show at the Nashville fairgrounds a couple of months ago. It was a very nice truck. Paint was extremely nice. The rocker panels had been replaced and it was probably one of the best jobs I've ever seen. I did notice a small oil leak but that was about the only flaw I saw. He wanted $30K for it. Nice older guy and struck me as very honest.

[Daddy'O]

Originally Posted by engineer_gregh

According the the Mecum site the bid goes on at $24K. The gentlemen that owns the truck had it at a show at the Nashville fairgrounds a couple of months ago. It was a very nice truck. Paint was extremely nice. The rocker panels had been replaced and it was probably one of the best jobs I've ever seen. I did notice a small oil leak but that was about the only flaw I saw. He wanted $30K for it. Nice older guy and struck me as very honest.

You're right - it didn't sell yet. $24K is, was, or will be the high bid. Never know what will happen with the bid goes on program Mecum has. Cool that you got to see the truck in person and talk to the owner.

[Old Truck Man]

Originally Posted by Daddy'O

You're right - it didn't sell yet. $24K is, was, or will be the high bid. Never know what will happen with the bid goes on program Mecum has. Cool that you got to see the truck in person and talk to the owner.

Ok that should tell you something . Think about it? was the high bidder a shill or the auctioneer pumping up the bid to try and get the price past the reserve ? Dog &Pony Show? If it looks swims and quacks like a duck is probably a duck!

[Daddy'O]

Originally Posted by Old Truck Man

Ok that should tell you something . Think about it? was the high bidder a shill or the auctioneer pumping up the bid to try and get the price past the reserve ? Dog &Pony Show? If it looks swims and quacks like a duck is probably a duck!

No I don't believe so, I think the seller want's a specific amount for his truck. Obviously he has set a reserve price and is hoping the "walk away" method will work for him.

[NoNeck]

Yep, that's the bottom line. End of story. Case closed.

I agree with leddzepp. Have you noticed the buyers are middle aged or older? They are trying to "buy" back their youth or invest in an appreciating collector car market. One group of guys are buying with the heart while the other group are buying instead of investing in the stock market or a CD earning 1% interest.

As PT Barnum said there is a fool born every minute.

Actually OldTruckMan, PT Barnum never said that. According to Wikepedia, "There's a SUCKER born every minute" is a phrase most likely spoken by David Hannum, in criticism of both P. T. Barnum and his customers. Just sayin'...

Another thing that some Auctions do is pump pure oxygen into the buyer's arena. This gives the buyers a "happy" buzz so they bid higher and stay longer at the auction. Gambling Casinos do the same thing. Mix pure H2O with unlimited alcohol and you have people gladly opening that wallet.

[Daddy'O]

Originally Posted by NoNeck

Have you noticed the buyers are middle aged or older? They are trying to "buy" back their youth or invest in an appreciating collector car market. One group of guys are buying with the heart while the other group are buying instead of investing in the stock market or a CD earning 1% interest.

Very true on both counts.

[MidLifer]

Originally Posted by NoNeck

I agree with leddzepp. Have you noticed the buyers are middle aged or older? They are trying to "buy" back their youth or invest in an appreciating collector car market. One group of guys are buying with the heart while the other group are buying instead of investing in the stock market or a CD earning 1% interest.

saw this after my last post - gotta chip in 2 cents on this one - if Viagra and "low T medicine" hadn't been invented, that would destroy Mecum's market.

Seriously, though, if prices for our trucks really are appreciating, that's good news for all of us. Though I don't look at either of my trucks as investments. If I were investing in classic cars, I'd not be buying this category.

[Eddie H.]

I enjoy going to auctions. Sometimes I'm buying, sometimes I'm selling, and sometimes, just watching other people. It's cheap entertainment, and if you know what things are worth and don't get caught up in a bidding war, you can walk away with some good deals.

[Old Truck Man]

I have a question. What in the heck does( Ready to Restore) mean? when is something not ready to restore?

[derotoreut]

I was at Mecum this year and saw quite a few trucks. I think I'll start my own thread to post some pictures. For those that are interested keep your eyes open. I don't want to get into the Mecum auction debate here. I had a blast and my friend was able to sell his 1934 Buick street rod.

[Elefuntman]

Sounds like fun, I'm thinking of taking a couple of mine to see what happens soon!