SAAC Forum

Deals and Appeals => Up For Auction => Topic started by: 5s386 on July 12, 2022, 01:13:42 PM

Title: 8T02S14338401385 on BAT
Post by: 5s386 on July 12, 2022, 01:13:42 PM
https://bringatrailer.com/listing/1968-shelby-mustang-gt500-12/


Who wants a project Shelby?
Title: Re: 8T02S14338401385 on BAT
Post by: azdriver on July 12, 2022, 02:25:07 PM
For sure will bring more than current bid of 65k.
Title: Re: 8T02S14338401385 on BAT
Post by: GT350Lad on July 12, 2022, 03:51:44 PM
I think I saw a post a few weeks back with someone chasing a project 68
Here you go

Cheers
Title: Re: 8T02S14338401385 on BAT
Post by: CharlesTurner on July 12, 2022, 05:31:01 PM
Quote from: azdriver on July 12, 2022, 02:25:07 PM
For sure will bring more than current bid of 65k.

And will cost over $100k to restore and hundreds of hours spent, so it's already impractical from many perspectives.
Title: Re: 8T02S14338401385 on BAT
Post by: GT350Lad on July 12, 2022, 06:07:46 PM
Agree Charles. Tough one.
Title: Re: 8T02S14338401385 on BAT
Post by: Coralsnake on July 12, 2022, 07:00:27 PM
Some people over there need psychiatric help and are very foolish with their money.
Title: Re: 8T02S14338401385 on BAT
Post by: shelbydoug on July 12, 2022, 07:31:26 PM
Quote from: CharlesTurner on July 12, 2022, 05:31:01 PM
Quote from: azdriver on July 12, 2022, 02:25:07 PM
For sure will bring more than current bid of 65k.

And will cost over $100k to restore and hundreds of hours spent, so it's already impractical from many perspectives.

That's my point of a "project car" being overpriced by double or more then it should bring.

That really means that someone would need to find one for $20 or $25 thousand and that is about as likely as finding the Loc Ness Monster alive.

Title: Re: 8T02S14338401385 on BAT
Post by: azdriver on July 12, 2022, 08:01:31 PM
I totally agree. Shelby project car prices are way higher than they should be.... but not the only ones.....


https://prescott.craigslist.org/cto/d/prescott-1969-ford-mustang-mach-r-code/7498171012.html
Title: Re: 8T02S14338401385 on BAT
Post by: GT350Lad on July 12, 2022, 09:31:17 PM
It's the feel of having the Shelby in the garage and knowing what it once was and can be. The reality is like Charles said so much time and money.
Really hard because we all want there's cars resurrected and on the road.
Watch this auction

Title: Re: 8T02S14338401385 on BAT
Post by: Don Johnston on July 12, 2022, 10:22:41 PM
Perhaps it is the perception that by the time the restoration is complete that the market growth will exceed the incurred costs by a large margin.  This may be happening to viewers o too many televised auctions and resulting rapid rise of winning bids. 8)
Title: Re: 8T02S14338401385 on BAT
Post by: J_Speegle on July 13, 2022, 04:28:09 AM
There has always been those buyers that believe through contacts, friend, or themselves they can do it cheaper or easier. Looking over the decades the gap between projects and well finished car/drivers has always been narrow since there is almost always someone willing to take on the challenge and the belief or possibility of doing things at a lower cost. I sold many cars over the years for those with that mindset, back when that funded my cars and hoddy. Of course its not going to cost you 100K if you have your own resources, skills, tools and a place to do the work but those people seem to reflect less of the current "hobbist" we see in the "hobby. Yes there is still the time needed to complete the effort but that is looked at and is often different depending on the person.

Also not all buyers fit a specific mold no more than the cars do so IMHO we can't lump them all into the same mold of our own design.

Title: Re: 8T02S14338401385 on BAT
Post by: shelbymann1970 on July 13, 2022, 07:12:11 AM
One insight on a BaT winner was a 1970 4 speed drag pack Q-code sportsroof in black. A very restorable turd that I saw in person. I was interested in the car, knew the seller's father for decades and told him my limit which the car was close to at the day before the end of auction. The winning bidder paid 74.5K(approx 78K). I then met the new owner on the CJ forum via private messenger. I found out the guy was living in Switzerland working and saw the car and thought it was cool. He just fell in love with the car. He said he has a steep learning curve as he knows nothing about them. I mentioned some well known restorers and told him the good ones probably had a waiting list. He was going to get the car shipped to a  friend in Va Beach or a friend in Wi.
Title: Re: 8T02S14338401385 on BAT
Post by: shelbydoug on July 13, 2022, 08:06:02 AM
Quote from: J_Speegle on July 13, 2022, 04:28:09 AM
There has always been those buyers that believe through contacts, friend, or themselves they can do it cheaper or easier. Looking over the decades the gap between projects and well finished car/drivers has always been narrow since there is almost always someone willing to take on the challenge and the belief or possibility of doing things at a lower cost. I sold many cars over the years for those with that mindset, back when that funded my cars and hoddy. Of course its not going to cost you 100K if you have your own resources, skills, tools and a place to do the work but those people seem to reflect less of the current "hobbist" we see in the "hobby. Yes there is still the time needed to complete the effort but that is looked at and is often different depending on the person.

Also not all buyers fit a specific mold no more than the cars do so IMHO we can't lump them all into the same mold of our own design.

A person can do all the work themselves and not pay themselves for the labor but you can not roll back the clock in a time machine and get the parts that you need for 1969 prices. Not to my knowledge anyway?

You can convince yourself that a date now with Raquel Welsh is hot but be prepared to have a revelation that she is just not the same as when she stared in "One Million BC". Fantasize all that you want but time has marched on.
Title: Re: 8T02S14338401385 on BAT
Post by: Mikelj5S230 on July 13, 2022, 09:27:50 AM
I think the absolute price affordability also plays a role. A guy can't afford $160K for a restored one, but can pay $65K+ for a piece of junk and then dream about slowly and cheaply fixing it up.....
Title: Re: 8T02S14338401385 on BAT
Post by: shelbymann1970 on July 13, 2022, 09:49:43 AM
Quote from: shelbydoug on July 13, 2022, 08:06:02 AM
Quote from: J_Speegle on July 13, 2022, 04:28:09 AM
There has always been those buyers that believe through contacts, friend, or themselves they can do it cheaper or easier. Looking over the decades the gap between projects and well finished car/drivers has always been narrow since there is almost always someone willing to take on the challenge and the belief or possibility of doing things at a lower cost. I sold many cars over the years for those with that mindset, back when that funded my cars and hoddy. Of course its not going to cost you 100K if you have your own resources, skills, tools and a place to do the work but those people seem to reflect less of the current "hobbist" we see in the "hobby. Yes there is still the time needed to complete the effort but that is looked at and is often different depending on the person.

Also not all buyers fit a specific mold no more than the cars do so IMHO we can't lump them all into the same mold of our own design.

A person can do all the work themselves and not pay themselves for the labor but you can not roll back the clock in a time machine and get the parts that you need for 1969 prices. Not to my knowledge anyway?

You can convince yourself that a date now with Raquel Welsh is hot but be prepared to have a revelation that she is just not the same as when she stared in "One Million BC". Fantasize all that you want but time has marched on.
My friend paid  MORE for a set of NOS Hubcaps than you would have paid for a new 68 Shelby in 1969. How's that for perspective?
Title: Re: 8T02S14338401385 on BAT
Post by: sfm5 on July 13, 2022, 09:57:54 AM
"A guy can't afford $160K for a restored one, but can pay $65K+ for a piece of junk and then dream about slowly and cheaply fixing it up....."

+1   And those are the ones that tend to languish in the buyer's driveway/yard for years, usually winding up under a tarp. When the owner is asked about selling they say "no" insisting that "someday" they will restore it.
Title: Re: 8T02S14338401385 on BAT
Post by: J_Speegle on July 13, 2022, 03:14:33 PM
Quote from: shelbydoug on July 13, 2022, 08:06:02 AM
A person can do all the work themselves and not pay themselves for the labor but you can not roll back the clock in a time machine and get the parts that you need for 1969 prices. Not to my knowledge anyway?

Depends on the car and to what level your building. Some builders don't need many parts outside of the parts that always get replaced and are often available as reproduction. Just depends IMHO on how much of a "catalog car" you are building. And at the same time people aren't planning on selling the car at 69 prices either. Parts prices are what they are and can vary allot. Have been fortunate enough that people have given me parts, in some cases demanded less than I was willing to pay and in some cases you bite the bullet. What you pay is your choice given the situation. 


Quote from: shelbymann1970 on July 13, 2022, 09:49:43 AM
My friend paid  MORE for a set of NOS Hubcaps than you would have paid for a new 68 Shelby in 1969. How's that for perspective?


Plenty of examples of that if your a long term owner given the rise of the values/sales. Recently paid more for a transmission than I paid for the car it was going in. At the same time the cost of the transmission was not a large percentage of the current value of the car.
Title: Re: 8T02S14338401385 on BAT
Post by: shelbymann1970 on July 13, 2022, 03:32:48 PM
Quote from: J_Speegle on July 13, 2022, 03:14:33 PM
Quote from: shelbydoug on July 13, 2022, 08:06:02 AM
A person can do all the work themselves and not pay themselves for the labor but you can not roll back the clock in a time machine and get the parts that you need for 1969 prices. Not to my knowledge anyway?

Depends on the car and to what level your building. Some builders don't need many parts outside of the parts that always get replaced and are often available as reproduction. Just depends IMHO on how much of a "catalog car" you are building. And at the same time people aren't planning on selling the car at 69 prices either. Parts prices are what they are and can vary allot. Have been fortunate enough that people have given me parts, in some cases demanded less than I was willing to pay and in some cases you bite the bullet. What you pay is your choice given the situation. 


Quote from: shelbymann1970 on July 13, 2022, 09:49:43 AM
My friend paid  MORE for a set of NOS Hubcaps than you would have paid for a new 68 Shelby in 1969. How's that for perspective?


Plenty of examples of that if your a long term owner given the rise of the values/sales. Recently paid more for a transmission than I paid for the car it was going in. At the same time the cost of the transmission was not a large percentage of the current value of the car.
my favorite I had was I bought a Boss 429 in 1986 for 4500. It came with a weird ram air flapper top that said "Use a Genuine Ford filter". Fast forward to 2003 when Ed was over my house and I asked him if he ever saw one. An early ram air that was used on 135 cars. Sold it a few years and now it is on the Tasca Ford 135 car and I got half the original B9 price for it.
Title: Re: 8T02S14338401385 on BAT
Post by: fastpace on July 13, 2022, 06:25:37 PM
Will be interesting to see what it brings as you really don't see too many Shelby projects anymore which are this complete.
Title: Re: 8T02S14338401385 on BAT
Post by: shelbymann1970 on July 14, 2022, 06:25:32 AM
Quote from: fastpace on July 13, 2022, 06:25:37 PM
Will be interesting to see what it brings as you really don't see too many Shelby projects anymore which are this complete.
The mystery is why someone would cut the roll bar off and not at the base but cut the tubes about a foot up?
Title: Re: 8T02S14338401385 on BAT
Post by: Coralsnake on July 14, 2022, 07:12:37 AM
Come on G, get in there and mix it up!
Title: Re: 8T02S14338401385 on BAT
Post by: shelbydoug on July 14, 2022, 07:41:51 AM
Quote from: J_Speegle on July 13, 2022, 03:14:33 PM
Quote from: shelbydoug on July 13, 2022, 08:06:02 AM
A person can do all the work themselves and not pay themselves for the labor but you can not roll back the clock in a time machine and get the parts that you need for 1969 prices. Not to my knowledge anyway?

Depends on the car and to what level your building. Some builders don't need many parts outside of the parts that always get replaced and are often available as reproduction. Just depends IMHO on how much of a "catalog car" you are building. And at the same time people aren't planning on selling the car at 69 prices either. Parts prices are what they are and can vary allot. Have been fortunate enough that people have given me parts, in some cases demanded less than I was willing to pay and in some cases you bite the bullet. What you pay is your choice given the situation. 


Quote from: shelbymann1970 on July 13, 2022, 09:49:43 AM
My friend paid  MORE for a set of NOS Hubcaps than you would have paid for a new 68 Shelby in 1969. How's that for perspective?


Plenty of examples of that if your a long term owner given the rise of the values/sales. Recently paid more for a transmission than I paid for the car it was going in. At the same time the cost of the transmission was not a large percentage of the current value of the car.

I'm not offering a formula or even a logic here. I'm just reflecting what I am seeing.

What is happening to the entire "Shelby line" is what has happened to the Shelby Cobras. They have all become artifacts that seem to create their own emotional response far beyond a brass tax logic?

If you are in the right position they certainly can have their own financial benefits but with that there are certain negative effects the least of which is making them instant museum pieces that have well surpassed the ability sometimes of even super enthusiasts to deal with. Somewhat like a movie or music legend that lives a duality of still a real living human with now what seems like the curse of an icon that can't even appear in public "normally" as the real person they are, just who or what everyone else believes them to be.

What some are willing to pay for just a piece of "the Legend" or whatever it exactly is, is illogical. The strange phenomena is that in my reality, it devalues a complete honest car by comparison.

With people, eventually they will pass and just their memories will survive. With these cars, they seem to take on lives of themselves with an immortality that far survives all of us. A "Frankenstein Monster" of sorts.

It's strange for me living within a legend. It isn't really what I expected.
Title: Re: 8T02S14338401385 on BAT
Post by: cboss70 on July 14, 2022, 02:24:37 PM
I just went out and looked- neat old Shelby. I was curious about fee's and it looks like the buyer has to pay 5% on top of the final price so already the fee is over $3000.  As the price goes up there could be a $5000 premium the buyer will have to pay- impressive business model - crazy!
Title: Re: 8T02S14338401385 on BAT
Post by: KR Convertible on July 14, 2022, 02:31:45 PM
True, but most auction houses are 10% with no cap.
Title: Re: 8T02S14338401385 on BAT
Post by: CharlesTurner on July 14, 2022, 03:32:46 PM
Quote from: KR Convertible on July 14, 2022, 02:31:45 PM
True, but most auction houses are 10% with no cap.

Plus the regular consignment fees, transportation and travel expenses to attend the auction.  At normal auctions, the seller also pays commission on the sale, usually a little less than the buyer.

Title: Re: 8T02S14338401385 on BAT
Post by: shelbymann1970 on July 14, 2022, 03:55:16 PM
Quote from: cboss70 on July 14, 2022, 02:24:37 PM
I just went out and looked- neat old Shelby. I was curious about fee's and it looks like the buyer has to pay 5% on top of the final price so already the fee is over $3000.  As the price goes up there could be a $5000 premium the buyer will have to pay- impressive business model - crazy!
Bat is a great venue for what you said. A seller sells a 3 million dollar vehicle and pays 99 bucks unless an upgraded listing. Big auction house is 300K plus. Buyer pays 5K, big auction house 300K. I like their model.
Title: Re: 8T02S14338401385 on BAT
Post by: GT350Lad on July 14, 2022, 06:21:03 PM
I agree. Hence why BAT had grown phenomenally in the past few years. Overall a pretty reasonable platform.

Title: Re: 8T02S14338401385 on BAT
Post by: Coralsnake on July 14, 2022, 06:41:26 PM
I think its safe to say the uninformed rule BaT
Title: Re: 8T02S14338401385 on BAT
Post by: azdriver on July 14, 2022, 07:28:41 PM
You seem to have your hands full over there Pete....

Pat
Title: Re: 8T02S14338401385 on BAT
Post by: Coralsnake on July 15, 2022, 05:53:01 AM
Its what we used to call a target rich environment in the military 😀
Title: Re: 8T02S14338401385 on BAT
Post by: shelbymann1970 on July 15, 2022, 06:32:57 AM
Quote from: Coralsnake on July 14, 2022, 06:41:26 PM
I think its safe to say the uninformed rule BaT
Don't tell anyone but I'm going to bid on this car at the end factoring in a full restoration from a Mustang shop will only cost me 22K.   :o
Title: Re: 8T02S14338401385 on BAT
Post by: Coralsnake on July 15, 2022, 07:47:44 AM
Geez, that would be about $10 if you factor in a few parts. I think you can do it cheaper.
Title: Re: 8T02S14338401385 on BAT
Post by: shelbymann1970 on July 15, 2022, 08:19:54 AM
Quote from: Coralsnake on July 15, 2022, 07:47:44 AM
Geez, that would be about $10 if you factor in a few parts. I thonk you can do it cheaper.
A friend a couple of years ago took a Detroit Autorama winning 67 non GT FB 390 4 speed Brittany blue 1 family owned Ford glass house display car and had it "perfected" as in massaging all fit lines and with Sikkens paint from a well known Detroit area shop. 30K. Yep, 30K disassembly paint and reassembly.
My vert factoring in I painted the engine bay, trunk, underside and lower blackout I had with parts, media blasting , metal work, fiberglass work, refitting the fiberglass(I did some) I had over 11K into it and I did all the disassembly and reassembly on the car. I striped the car with my painter also. That was to get to a painted shell. That was 1999-2002 prices. 22K in today's prices for a full resto? Well my Vert was in better shape than this car to start with.
Title: Re: 8T02S14338401385 on BAT
Post by: 427heaven on July 15, 2022, 10:03:07 AM
We have two trains of thought here on what we feel we should do about ownership of these cars. As our group ages I have found most cant and wont do even the simplest tasks on cars anymore, changing oil, tune ups, brake jobs etc. This group tends to lean in the I am going to purchase something that is DONE... because they are done, working on things anymore. Then we have the usually younger group or just those that can and will bring their cars back to life without the exorbitant cost of 100k plus restorations and have the feel good feeling that they actually were involved in its coming back to life. Thats what makes the world go round, the cans and the cants or the ones that build, race, restore their cars and the ones that write a big check, and park them in their garages to look at. There is a place for all in the car collector world.
Title: Re: 8T02S14338401385 on BAT
Post by: mikeh on July 15, 2022, 10:05:17 AM
Quote from: 427heaven on July 15, 2022, 10:03:07 AM
We have two trains of thought here on what we feel we should do about ownership of these cars. As our group ages I have found most cant and wont do even the simplest tasks on cars anymore, changing oil, tune ups, brake jobs etc. This group tends to lean in the I am going to purchase something that is DONE... because they are done, working on things anymore. Then we have the usually younger group or just those that can and will bring their cars back to life without the exorbitant cost of 100k plus restorations and have the feel good feeling that they actually were involved in its coming back to life. Thats what makes the world go round, the cans and the cants or the ones that build, race, restore their cars and the ones that write a big check, and park them in their garages to look at. There is a place for all in the car collector world.

+1
Title: Re: 8T02S14338401385 on BAT
Post by: pmustang on July 15, 2022, 02:53:50 PM
Not many folks have the funds in hand to outright buy a done car. And we all know VERY few done cars are done. But what a fair few folks can do is pay 50% of the cost of a done car and add money over time

I sell projects, driver quality and nice local show stuff and the projects get a lot of interest. They want the "done" car but can afford the project car

And yes. Many never get finished and some get offered back to me
Title: Re: 8T02S14338401385 on BAT
Post by: shelbymann1970 on July 15, 2022, 03:09:15 PM
Quote from: pmustang on July 15, 2022, 02:53:50 PM
Not many folks have the funds in hand to outright buy a done car. And we all know VERY few done cars are done. But what a fair few folks can do is pay 50% of the cost of a done car and add money over time

I sell projects, driver quality and nice local show stuff and the projects get a lot of interest. They want the "done" car but can afford the project car

And yes. Many never get finished and some get offered back to me
So true but how many can afford a 70K project that they will then dump over time 10s of thousands into? I understand the 10K to 30K dollar projects. Do you sell a lot of 70K dollar plus projects? 
Title: Re: 8T02S14338401385 on BAT
Post by: Don Johnston on July 15, 2022, 05:07:51 PM
All the previous comments and observations are well said.  It is my hope that the buyer will get involved as a member of SAAC and use the knowledge here to keep the restoration project moving forward.  Attending national and regional SAAC shows is always a good incentive to keep the work progressing and to avoid making the project a cobweb of wishes or the future.  Getting behind the wheel of a rusty, rough running classic Shelby is better than watching the vermin make it a home or a storage facility of parts and dreams. 8)
Title: Re: 8T02S14338401385 on BAT
Post by: 6s341 on July 16, 2022, 12:41:21 AM
Don, I agree. Well stated!
Title: Re: 8T02S14338401385 on BAT
Post by: GT350Lad on July 16, 2022, 02:38:35 AM
Quote from: Don Johnston on July 15, 2022, 05:07:51 PM
All the previous comments and observations are well said.  It is my hope that the buyer will get involved as a member of SAAC and use the knowledge here to keep the restoration project moving forward.  Attending national and regional SAAC shows is always a good incentive to keep the work progressing and to avoid making the project a cobweb of wishes or the future.  Getting behind the wheel of a rusty, rough running classic Shelby is better than watching the vermin make it a home or a storage facility of parts and dreams. 8)

Agree Don. Like I said earlier I would love to see that car resurrected or just driven!!
Future buyer.. join SAAC. Join us
Title: Re: 8T02S14338401385 on BAT
Post by: shelbymann1970 on July 16, 2022, 07:08:50 AM
I have had my eyes on a project 68 GT500 4 speed car(30K original miles). Sadly the original owner died last labor day and never got around to restoring it after taking it off the road around 1973 due to an engine issue. I met my friend's uncle a few years back and told him I'd assist him if he wanted to get the project going. Well after he died his widow(second wife) said she wanted to wait until spring before making a decision on what to do. I talked to her last winter. To be clear she will never restore it herself or have it done.  My friend said his aunt wanted to wait at least a year now  before deciding what to do. So this may be another car sitting for years to come until she passes and then the heirs will have to deal with it.
Title: Re: 8T02S14338401385 on BAT
Post by: JohnSlack on July 16, 2022, 01:30:39 PM
Quote from: 427heaven on July 15, 2022, 10:03:07 AM
We have two trains of thought here on what we feel we should do about ownership of these cars. As our group ages I have found most cant and wont do even the simplest tasks on cars anymore, changing oil, tune ups, brake jobs etc. This group tends to lean in the I am going to purchase something that is DONE... because they are done, working on things anymore. Then we have the usually younger group or just those that can and will bring their cars back to life without the exorbitant cost of 100k plus restorations and have the feel good feeling that they actually were involved in its coming back to life. Thats what makes the world go round, the cans and the cants or the ones that build, race, restore their cars and the ones that write a big check, and park them in their garages to look at. There is a place for all in the car collector world.

I agree, I have known acquaintances of mine in the 48 plus years I have been in this hobby that wrote the big check and bought the perfect restoration of a car that they desired. That once they got it home we're brought to the realization that what there big check bought was not what they were sold. In a couple of cases the assembly line correct parts were removed and replaced with "NOS" or catalog parts by the seller while the car was waiting to be picked up for shipping. (One of the reasons I always suggest that you secure your purchase immediately). In another case the car turned out to be a rebody. So my thinking has always been that a project isn't more expensive because you KNOW what is in it because you put it there.

BTW, my 1969 BOSS 302 didn't need that much body work and because I told the painter I wanted no Bondo and preferred the car to be metal finished. Aye, that is short for a lot of detail work. The paint job was $26,000 in 2006. The paint is the only thing I don't do.

Projects have there place as long as peace of mind in provenance is the pay off.

$66,000 for that '68 GT500 isn't that scary to my scenario.
Title: Re: 8T02S14338401385 on BAT
Post by: shelbymann1970 on July 16, 2022, 01:41:12 PM
Quote from: JohnSlack on July 16, 2022, 01:30:39 PM
Quote from: 427heaven on July 15, 2022, 10:03:07 AM
We have two trains of thought here on what we feel we should do about ownership of these cars. As our group ages I have found most cant and wont do even the simplest tasks on cars anymore, changing oil, tune ups, brake jobs etc. This group tends to lean in the I am going to purchase something that is DONE... because they are done, working on things anymore. Then we have the usually younger group or just those that can and will bring their cars back to life without the exorbitant cost of 100k plus restorations and have the feel good feeling that they actually were involved in its coming back to life. Thats what makes the world go round, the cans and the cants or the ones that build, race, restore their cars and the ones that write a big check, and park them in their garages to look at. There is a place for all in the car collector world.

I agree, I have known acquaintances of mine in the 48 plus years I have been in this hobby that wrote the big check and bought the perfect restoration of a car that they desired. That once they got it home we're brought to the realization that what there big check bought was not what they were sold. In a couple of cases the assembly line correct parts were removed and replaced with "NOS" or catalog parts by the seller while the car was waiting to be picked up for shipping. (One of the reasons I always suggest that you secure your purchase immediately). In another case the car turned out to be a rebody. So my thinking has always been that a project isn't more expensive because you KNOW what is in it because you put it there.

BTW, my 1969 BOSS 302 didn't need that much body work and because I told the painter I wanted no Bondo and preferred the car to be metal finished. Aye, that is short for a lot of detail work. The paint job was $26,000 in 2006. The paint is the only thing I don't do.

Projects have there place as long as peace of mind in provenance is the pay off.

$66,000 for that '68 GT500 isn't that scary to my scenario.
I agree as I do everything but my own "outer paint" thanks to the pic below done in an attached garage. Wife said NO MORE painting after doing this. Now your quote I agree as that is just a little more than I would spend on this car being an automatic BUT the thinking is as the auction nears it's end it will pop a lot higher and to me that would be scary but we all have our opinions.
Title: Re: 8T02S14338401385 on BAT
Post by: JohnSlack on July 16, 2022, 02:19:42 PM
Quote from: shelbymann1970 on July 16, 2022, 01:41:12 PM
Quote from: JohnSlack on July 16, 2022, 01:30:39 PM
Quote from: 427heaven on July 15, 2022, 10:03:07 AM
We have two trains of thought here on what we feel we should do about ownership of these cars. As our group ages I have found most cant and wont do even the simplest tasks on cars anymore, changing oil, tune ups, brake jobs etc. This group tends to lean in the I am going to purchase something that is DONE... because they are done, working on things anymore. Then we have the usually younger group or just those that can and will bring their cars back to life without the exorbitant cost of 100k plus restorations and have the feel good feeling that they actually were involved in its coming back to life. Thats what makes the world go round, the cans and the cants or the ones that build, race, restore their cars and the ones that write a big check, and park them in their garages to look at. There is a place for all in the car collector world.

I agree, I have known acquaintances of mine in the 48 plus years I have been in this hobby that wrote the big check and bought the perfect restoration of a car that they desired. That once they got it home we're brought to the realization that what there big check bought was not what they were sold. In a couple of cases the assembly line correct parts were removed and replaced with "NOS" or catalog parts by the seller while the car was waiting to be picked up for shipping. (One of the reasons I always suggest that you secure your purchase immediately). In another case the car turned out to be a rebody. So my thinking has always been that a project isn't more expensive because you KNOW what is in it because you put it there.

BTW, my 1969 BOSS 302 didn't need that much body work and because I told the painter I wanted no Bondo and preferred the car to be metal finished. Aye, that is short for a lot of detail work. The paint job was $26,000 in 2006. The paint is the only thing I don't do.

Projects have there place as long as peace of mind in provenance is the pay off.

$66,000 for that '68 GT500 isn't that scary to my scenario.
I agree as I do everything but my own "outer paint" thanks to the pic below done in an attached garage. Wife said NO MORE painting after doing this. Now your quote I agree as that is just a little more than I would spend on this car being an automatic BUT the thinking is as the auction nears it's end it will pop a lot higher and to me that would be scary but we all have our opinions.

That is known as the limit of pain tolerance. My wife is truly my partner in my cars and it becomes what am I willing to endure for my part of the hobby.

If the juice box tranny '68 GT500 goes to $80,000 then the level of pain increases to a less likely scenario. But a buyer also needs to factor in acquiring the parts, transportation of the project, flying out and immediately locking it down. I also have transported the cars myself quietly in the enclosed confines of a Penske 26' box truck on multiple occasions. Once in Arizona we were sitting still when a person with a 5th wheel trailer sideswiped the Penske truck and the truck had to be delivered to a Penske truck dealer in Laughlin. The dealer told us that he would have the load transferred to the new truck in a little while. Well once he opened the door he said "you can't transport a car in the back of the truck!" He told his guys not to worry about transferring the load. For half an hour he read me the riot act. After half an hour my wife tired of his rant interrupted him and asked him if we could transport car parts in the truck? To which he agreed that we could. She calmly and leveled her voice in a way that only she has ever been able to pull off. She said "No engine, no transmission, that is one large automobile part." He sat there for a moment and asked me how do you want to do the transfer. We backed a truck up to the damaged truck and moved the car into the second truck, and then transferred the car into the third truck so that the cushioning system I had made could still support the car from the rear as it was in the first truck.

It's a hobby, you can figure in what your time is worth....or you can take into consideration the cost of additional therapy if you were not having the fun. There is a value as 427Heaven was alluding to in sitting at a show listening to a guy who wrote the big check describing in detail watching the ink dry on the check compared to reminding him that you built his motor.


John
Title: Re: 8T02S14338401385 on BAT
Post by: cboss70 on July 18, 2022, 01:41:40 PM
Can someone refresh my memory- did 68 BB cars have unique shock towers and do the ones on this car look correct. He added pictures but I can't remember how they looked originally to see if they look correct or not. I'm not claiming this car has the wrong shock towers - more looking for identification que's based on this car.
Title: Re: 8T02S14338401385 on BAT
Post by: Coralsnake on July 18, 2022, 01:48:55 PM
Generally speaking the GT500s did not get the reinforcement plates on the shock tower bases. They did get some filet welds in place of that.

"Big block" shock towers implies only big blocks received the reinforcements, which is not correct. Some early CJ cars did not receive them and there are a few GT350s that did.

Title: Re: 8T02S14338401385 on BAT
Post by: Bob Gaines on July 18, 2022, 01:51:30 PM
Quote from: cboss70 on July 18, 2022, 01:41:40 PM
Can someone refresh my memory- did 68 BB cars have unique shock towers and do the ones on this car look correct. He added pictures but I can't remember how they looked originally to see if they look correct or not. I'm not claiming this car has the wrong shock towers - more looking for identification que's based on this car.
You are thinking of the wrap around shock towers . The GT500 did not come with the wrap around shock towers but when they evolved into the GT500 KR they typically did.
Title: Re: 8T02S14338401385 on BAT
Post by: shelbymann1970 on July 18, 2022, 02:06:02 PM
Quote from: cboss70 on July 18, 2022, 01:41:40 PM
Can someone refresh my memory- did 68 BB cars have unique shock towers and do the ones on this car look correct. He added pictures but I can't remember how they looked originally to see if they look correct or not. I'm not claiming this car has the wrong shock towers - more looking for identification que's based on this car.
My take is that Shelbys got these towers welded in 68 until the wraparounds came then after that the KRs with wrapped and some of the others wrapped also? Or after KRs they all got wrapped after a period of time so some KRs didn't? Either way this 500 with a Jan date  should have towers like this:
Title: Re: 8T02S14338401385 on BAT
Post by: cboss70 on July 18, 2022, 02:30:43 PM
Thanks for the refresher.  I did have the reinforcement plates stuck in my head (maybe I have them in my head lol) and now remember the extra welding referenced.  Thanks.
Title: Re: 8T02S14338401385 on BAT
Post by: azdriver on July 18, 2022, 07:51:37 PM
Shock towers not welded on my 68'. Edit, they are welded, just not immediately obvious due to.... massaging....... for header clearance.

Pat
Title: Re: 8T02S14338401385 on BAT
Post by: Bob Gaines on July 18, 2022, 11:01:22 PM
Quote from: azdriver on July 18, 2022, 07:51:37 PM
Shock towers not welded on my 68'.

Pat
The shock towers are typically welded on 67 GT350 ,GT500 and 390 Mustang . 68 GT350 , GT500 and 390 Mustang are typically similar . There are anomalies.
Title: Re: 8T02S14338401385 on BAT
Post by: GT350Lad on July 19, 2022, 03:56:06 PM
Sold for 73k
Someone has some work ahead
Hood to hear about it in here
Title: Re: 8T02S14338401385 on BAT
Post by: fastpace on July 19, 2022, 04:26:19 PM
Was more than I expected given the long and costly path ahead.  Wish BaT had a good way to reach out to the buyer, would like to be in touch with them and see the path they end up taking as have a very similar path ahead on a future 68 GT500 project.
Title: Re: 8T02S14338401385 on BAT
Post by: cboss70 on July 19, 2022, 04:28:16 PM
Lots of work but a cool project.  It just got a little out of my reach in price or I would have gotten it to get back in the Shelby world (not that  forums and videos aren't fulfilling lol). I'll find a pre69 that I can afford eventually.  Congrats to the new owner hope he/she is a member of this forum and the club.
Title: Re: 8T02S14338401385 on BAT
Post by: shelbymann1970 on July 19, 2022, 04:44:30 PM
Quote from: fastpace on July 19, 2022, 04:26:19 PM
Was more than I expected given the long and costly path ahead.  Wish BaT had a good way to reach out to the buyer, would like to be in touch with them and see the path they end up taking as have a very similar path ahead on a future 68 GT500 project.
The easy way is to "contact seller"  as they will contact you via Email during an active action. If you didn't do this then follow the seller so if he lists another car you can then make contact assuming you didn't do it during this car's live auction. I have also met buyers of BaT cars who met me on this forum, the B2 forum and also the 428CJ forum via PMs(I'm "easy" to find)