[tcb] Re: $55,000

  • From: "Peter Albarian" <pcalbar@xxxxxxxxxxx>
  • To: tcb@xxxxxxxxxxxxx
  • Date: Sun, 21 Jan 2007 01:43:00 +0000 GMT

Calm down Sammie,
I actually enjoy watching someone with too much money get a few minutes of 
their due fame paying too much for a cool car in the heat of the moment; good 
for the seller.  It was you that got Kirk and I start watching the auction on 
the SPEED channel, and we actually enjoyed it.  There was a car on there the 
other night that sold last year for $50k+ less than it did last year with less 
than 200 miles added to it.  If any of us finish a great restoration of our own 
and want to maximize our return, we'd be stupid not to auction it at BJ, like 
it or not.  And you're right, most of the really special Buses change hands 
very silently.  Our hobby has changed and will continue to do so because our 
quirky obscure T2s have somehow become more mainstream.  Many others have 
finally figured out what we have known for a long time.....Buses are cool.  You 
and I will always find good deals if we want then; if only there were more 
space, money, and time.
Enjoy the hobby,
Peter

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-----Original Message-----
From: sammie smith <bugcollections@xxxxxxxxxxxxx>
Date: Sat, 20 Jan 2007 17:06:33 
To:tcb@xxxxxxxxxxxxx
Subject: [tcb] Re: $55,000

Your'e right Peter.  Should have qualified that.  Barndoor and through pressed 
bumpers do go for more.  However, so few of these things ever show up on the 
market it's hard to tell what they are worth.  Both the later 23s and 21 with 
fresh correct restorations in my opinion are in the 40-45,000 range.  Have seen 
fairly recently some nice 21 windows asking like $40,000 and staying on the 
market forever.  Real point of the discussion is ridiculous prices paid at 
these auctions.  Original unrestored non-pop top SO-42 Westy (one owner 
survivor car) sold last year at Pebble beach auction for $99,000.  Friend does 
Porsches.  Had 2 speedsters, had them advertised about 2 years ago for $60,000 
each, both nice fresh restorations, sold both.  Speedster appearing no better 
than those 2 from the pictures just went through BJ for $137,500. Also a 58 cab 
Porsche went for $99,000.  There is simply no way these cars are worth that in 
that you can go buy them for much less.  Last year a 56 oval convertible went 
through BJ for $52,000.  At the same time there was an identical car advertised 
on the Samba that was a Coop restoration and the asking price was $26,000; 
exactly 1/2 of the BJ price.  Don't use the auctions like BJ to estimate 
values. 
  
AND, as I said a couple of days ago on this list, don't get me started on BJ.

Peter Albarian <pcalbar@xxxxxxxxxxx> wrote: Sammie,
When you say a 23w should go for around $45k, you need to qualify vintage and 
options. For a '62-'63 vintage I agree with you. Go back to big bumpers and 
bullets and they'll fetch more. Pressed bumper deluxes go for closer to $75k 
and it's hard to say what a BD Deluxe would fetch if very well restored; 
$115k+? When I was at Lennie's shop last Summer, he had just sold a '62 23w 
done at his shop for $58k. A somewhat flawed restoration, in the opinion of 
Kirk and I, of a '58 23w had an asking price of over $70k there. They aren't 
going down, that's for sure!
Peter

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-----Original Message-----
From: sammie smith 
Date: Sat, 20 Jan 2007 14:24:57 
To:tcb@xxxxxxxxxxxxx
Subject: [tcb] Re: $55,000

Now you guys done let out the secret to Beverly as to how much theswe busses 
are really worth!

Beverly Williams wrote: Sweet!

Ronnie Hughes wrote: 
Now I know what Sammie's retirement plan is - selling buses at Barrett-Jackson. 
  
http://www.barrett-jackson.com/carlist/cardetails.asp?In_AuctionID=221&In_LotNumber=1215:
 

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