https://m.youtube.com/watch?v=9oWNsdjjkUo
What do you think about the evaluation- $ 68,000?
He says $68000 - $72000 in the video. Given all the rust issues, accident damage, missing expensive parts I think it's fair.
Quote from: Tired Sheep on June 06, 2021, 03:05:39 PM
https://m.youtube.com/watch?v=9oWNsdjjkUo
What do you think about the evaluation- $ 68,000?
Quote from: Tired Sheep on June 06, 2021, 03:05:39 PM
https://m.youtube.com/watch?v=9oWNsdjjkUo
What do you think about the evaluation- $ 68,000?
I haven't seen the car in person yet. It does appear to be a rusty car with a number of issues in the video. I will see it this coming weekend at the Eureka Springs MCA national I am told. I think 68K is a low evaluation however.
I guess if everyone agreed thats all that counts!
Doesn't look all that hateful... throw another $65-70 K at it and it'd be a nice car .
I have seen car and it is a nice driver. 65K was a steal if that is what you want IMO.
Agreed bob as how many buyers would have paid more for a blue kr 4 speed with a/c driver car lady owned in todays market and i would question $35,000 in metal work and $2200.00 for a starter relay than scott fuller sells full retail concours restored for $1495.00 . I put more value in the rare color combo blue 4 speed with factory a/c with original ram air cleaner and original KR snorkle as its a great color and 4 speed with a/c and the a/c engine oil cooler is in place so show me a comp in todays market?
Quote from: Special Ed on June 12, 2021, 01:23:51 AM
Agreed bob as how many buyers would have paid more for a blue kr 4 speed with a/c driver car lady owned in todays market and i would question $35,000 in metal work and $2200.00 for a starter relay than scott fuller sells full retail concours restored for $1495.00 . I put more value in the rare color combo blue 4 speed with factory a/c with original ram air cleaner and original KR snorkle as its a great color and 4 speed with a/c and the a/c engine oil cooler is in place so show me a comp in todays market?
I thought AC/ 4 speed. AC Blue and even with the issues more than the 68K easily on BaT. Hard to tell because they glossed over it but I think 48K for the 4 speed R-code Mach1 was cheap considering what I have seen selling on BaT in the last year. 1970 style hood paint was NBD. JY put a value of 46K on it. I would bet add a set of side stripes and that 69 would have popped close to 70K on BaT-unless it has major rust issues underneath.
Maybe the vin should be told if some day the video is not available?
In my personal opinion* Yergo is an idiot
*Views expressed disclaimer informs readers that the views, thoughts, and opinions expressed in the text belong solely to the author, and not necessarily to the author's employer, organization, committee or other group or individual.
Quote from: stephen_becker on June 12, 2021, 02:37:58 PM
In my personal opinion* Yergo is an idiot
*Views expressed disclaimer informs readers that the views, thoughts, and opinions expressed in the text belong solely to the author, and not necessarily to the author's employer, organization, committee or other group or individual.
Oh Boy. ::)
Saw that car today in Eureka Springs, Ar. MCA show
Quote from: stephen_becker on June 12, 2021, 02:37:58 PM
In my personal opinion* Yergo is an idiot .
*Views expressed disclaimer informs readers that the views, thoughts, and opinions expressed in the text belong solely to the author, and not necessarily to the author's employer, organization, committee or other group or individual.
But is he really the idiot in the video? He is being paid by which party? Then in MHO he appraises both cars lower than the owners could have gotten on BaT without moving from their CPUs. The buyer was willing to pay a fair market price. I think the buyer did real well. I think he got a great deal here and that is why he bought both. I would have. There might have been other factors for the prices like long time friends etc. but JY appraised them and they went off of that. I went searching for this video when my good friend who is restoring a 68 GT350 vert told about a known guy appraising these cars for 68K and 46K. I said no way. Watched the video then found this discussion.
I didn't have the discussion about the appraised price with JY however I am thinking being a builder/restorer that he was looking at all of the things wrong that were found and what it was going to cost to make it a perfect car and subtracting that restoration price from a top market price. At least that was the only way I could come close to that appraisal number. Some people have tunnelvision that way not taking into consideration that many people may not want a perfect car but a presentable nice driver quality car instead without the concours price tag. The market understands that kind of buyer too. The new owner told me that he already went completely through the brake and fuel systems. The buyer runs a restoration shop. He says this is a keeper car for him.
The appraisal price does not have to be (and seldom is) the sale price. If the seller wants to sell the car he or she will have to decide what they will take. The buyer has to decide whether he or she wants to shell out that much cash. Appraisals are nice but they often are not the amount of cash it takes to make the deal.
Take a look at Jerry Heasley's videos on YouTube. You can see me looking at a 1968 Cougar GT-E. The original owner was about to sell the car for $15K to a flipper when I showed up.
Quote from: Royce Peterson on June 13, 2021, 09:25:09 PM
The appraisal price does not have to be (and seldom is) the sale price. If the seller wants to sell the car he or she will have to decide what they will take. The buyer has to decide whether he or she wants to shell out that much cash. Appraisals are nice but they often are not the amount of cash it takes to make the deal.
Take a look at Jerry Heasley's videos on YouTube. You can see me looking at a 1968 Cougar GT-E. The original owner was about to sell the car for $15K to a flipper when I showed up.
Royce, do you have a link to that video? I've watched the 2 on the OO red GT-E. Thanks for the tidbits on the 427 cars. I know a guy locally who has 2 427 W Cougars. Gary
I think this is it:
https://youtu.be/fC0y2r0Fpck (https://youtu.be/fC0y2r0Fpck)
The KR could have sold for more at auction or on BaT. I think Jeff's evaluation was fair, considering the cost to restore it and purchase the missing parts (starter delay and carb are $$ items). Figure an easy $100k+ would have to be spent for restoration and then it's getting into the area of concours values.
Both of the cars being in Maryland probably had a lot of hidden rust issues and who knows what else (how bad was the LH hit on the KR?). There are most likely pitted suspension/steering parts and lots of trim that will need to be replaced. Evaluating 50+ year old cars is not the same as a 5 year old Camry, it's not easy to give an accurate assessment, especially on a car all put together.
It appears the buyer and seller found an agreeable middle ground that was fair to each and at the end of the day, that's all that matters.
Quote from: CharlesTurner on June 14, 2021, 10:40:06 AM
The KR could have sold for more at auction or on BaT. I think Jeff's evaluation was fair, considering the cost to restore it and purchase the missing parts (starter delay and carb are $$ items). Figure an easy $100k+ would have to be spent for restoration and then it's getting into the area of concours values.
Both of the cars being in Maryland probably had a lot of hidden rust issues and who knows what else (how bad was the LH hit on the KR?). There are most likely pitted suspension/steering parts and lots of trim that will need to be replaced. Evaluating 50+ year old cars is not the same as a 5 year old Camry, it's not easy to give an accurate assessment, especially on a car all put together.
It appears the buyer and seller found an agreeable middle ground that was fair to each and at the end of the day, that's all that matters.
I would also ask exactly when did Jeff do the appraisals as cars like these have jumped on BaT the last 6-8 months. From my experience dealing with project and less than stellar cars that you could drive but needing a resto you never deduct the cost of resto and parts from the final "concours" product done value. Over the years we have seen too many "project" cars sell for a lot more than their perceived value and I think Brett has touched on this subject before as he sells a lot of projects. As a matter of fact I have a good friend who has a 70 GT500 4 speed Shelby vert. I was serious about buying it until he shot me a price for my SCJ Mach1 and cash. He had his car in the "restored #2 driver" range price wise(I had it MUCH lower) and the issues I knew I had to fix on a really complete car(missing correct carb and do not know if it is a MN car) that needed metal/body work(new firewall and core support as it was cut for air) I put the value at at least 90K LOWER than he thinks it is worth. It would make a "great" online auction car.....I decided to keep my Mach1 instead as I already have a red Shelby vert. Gary