I'm looking to help out the widow that sold me 6S141 last April. In short, she's looking to file her taxes and she's being asked for the value of the car circa 1996, as this is when her husband passed away and she took sole ownership of the car.
I've looked through the latest registry, and I was able to gather some information, and I'm guessing that someone out there might have old publications with listing and / or selling prices for Carryover / non-Carryover 1966 GT350s for sale in the 1995 to 1997 date range:
- Shelby American
- Snakebite adds
- Hemmings
- Etc.
Please let me know if you have any information, as I'd love to help her out as much as possible.
Thanks in advance!
1 mil. Tell her to book a loss
Someone must be hoarding those magazines.
By the end of the month it could be used as "TP" tho....
Quote from: Bigfoot on March 16, 2020, 11:48:06 AM
Someone must be hoarding those magazines.
By the end of the month it could be used as "TP" tho....
. That's why I keep a print subscription to the local paper.Good reading AND absorbent!!!Hell,I can think of several periodicals best used this way..... :P
Toilet humor. Timely as well! Lol!
LOL. Bathroom humor never gets old!
And, seriously, if someone has some issues stashed away, she could really use the help. Pictures would be great, if you can send them.
Thanks!
I'm missing my Snake Bite Bulletins after 1994 for a few years. In July of 94 there are a few 66 GT 350s listed in the $30-40K range. I'm sure some others would have some bulletins for '96. You may also want to check auction house history for GT 350's sold in that timeframe. Pretty sure that B-J has that available online. Not sure about others.
I'd try to stay with private party sales and not auction results. Maybe use auctions to some extent to help get a general idea.
Definitely not use BJ for the standard but for help in steering in the right direction coupled with private party sales. JMO
Kind of tricky, need to remember what they advised the state at the time of registration. It should have been recorded then by the state. Taxes where paid based on that number ( sales or purchase ) was given before title and tag was issued.
Probably could check with Hagerty or Heacock, I think they were in business back then.
See attached SAAC Snakebite #59 August 1996 - contacts have been blocked-out. Obviously these are asking prices. Hope this helps...
JD
Quote from: JD on March 16, 2020, 02:37:31 PM
See attached SAAC Snakebite #59 August 1996 - contacts have been blocked-out. Obviously these are asking prices. Hope this helps...
JD
Thanks a ton, JD!
To mirror Charles input, I believe one of those sites showned a graph of long term valuation including the past.... I tossed all my 1990s Hemmings just a few months ago. Though, Mustang Times, Road & Track, and other mags could be informative... will.chime in again later.
Quote from: TJinSA on March 16, 2020, 02:41:08 PM
To mirror Charles input, I believe one of those sites showned a graph of long term valuation including the past.... I tossed all my 1990s Hemmings just a few months ago. Though, Mustang Times, Road & Track, and other mags could be informative... will.chime in again later.
Thanks Tom. I checked, and some of the sites have information, but it doesn't go back that far (example: Hagerty online only goes back to the mid-2000s).
Let me know if you find anything good - thanks again!
Here's some:
In light of those Snakebite Bulletin ads, does anyone have a time machine I can borrow for a day or so? ;)
Quote from: NC TRACKRAT on March 16, 2020, 04:46:46 PM
In light of those Snakebite Bulletin ads, does anyone have a time machine I can borrow for a day or so? ;)
Truly! I still have some old Snakebites from the late 90s / early 2000s. It's just amazing to see the change in prices, and even stranger to see cars listed that you know about currently.
As I rummaged thru old Snakebite ads I was struck by 2 things:
"Leftover" vs "Carryover"
The large number of Shelby cars listed by Shelby owners/enthusiasts in a enthusiast publication to fellow enthusiasts. That doesn't seem to be the case anymore.
Quote from: Hockeylife on March 16, 2020, 04:58:15 PM
As I rummaged thru old Snakebite ads I was struck by 2 things:
"Leftover" vs "Carryover"
The large number of Shelby cars listed by Shelby owners/enthusiasts in a enthusiast publication to fellow enthusiasts. That doesn't seem to be the case anymore.
True on both counts.
It's interesting, I've talked to a lot of Carryover Owners in the past two months. One person (which I didn't challenge) was absolutely convinced that the Carryovers were fully built 65 Shelbys that later got converted to 66 GT350s. This person is a very long-term owner, and probably hasn't followed the latest updates / findings.
I've heard / read of people who were convinced that the aforementioned theory was in fact true. Of course, there are now many data points to dispute this - Chuck Cantwell being one of them.
As usual, informative and factual responses from the group 8)
I may have been born a cynic... or just had that develop over the last "x" number of years ???
But, what is the "purpose" of the 1996 prices... for "the man" to look at capitol gain vs the sale price? Seems like those numbers would only - actually? - show part of the equation?
Rubs me the wrong way that they are confiscating capital gains on a personal property item.
A personal property item that collected sales and property tax (for decades) for the government and was not depreciated.
Note that when you buy a new vehicle and lose 50% of it's value in 2-3 years, you don't get to "write that off". >:(
I knew there was a reason I saved all those Snakebite Bulletins...